Comex Gold (GC) With 4 hours MACD crossed above signal line, an intraday low is in place in gold and some more consolidations could be seen. Nevertheless, risk remains on the downside…
Silver Daily Technical Outlook
Comex Silver (SI) With 4 hours MACD crossed above signal line, an intraday low is in place in Silver at 15.76 and some consolidation could now be seen. Nevertheless, risk remains on…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Break of 67.02 minor resistance indicates that an intraday low is in place at 65.05 and some consolidation could now be see. Nevertheless, recovery is expected to be…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Developments in Natural gas continue to indicate that it has bottomed out at 2.409 already. Further upside is still expected as long as 3.635 support holds. Current rebound…
Escalated Tensions in the Middle East Lifted Oil Price
Despite weakness in Asian session, crude oil price rebounded later in the day as Iran’s missile tests might have escalated geopolitical tensions. Moreover, strength in stock markets also boosted commodities. WTI crude…
Crude Oil Stays Weak. It’s Correlation with USD Has Surged Substantially
Crude oil price falls below 66 in European morning as USD recovers and stock markets weakens. Currently trading at 65.5, the benchmark contract for crude oil is vulnerable to further decline as…
USD’s Strength Amid Rate Cut in Russia Put Pressure on Commodities
Crude oil pulls back again after soaring to 67.33 in European morning as USD strengthens. Moreover, mixed performance in European stock markets Tuesday put pressure on energy prices. Although the tension in…
World Bank Says U.S. Dollar Not the Only Reserve Currency Option
By Glen Somerville Market Watch World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted because other options are…
Chicago Fed Index Still Signals Subpar Economy
Wall Street Journal The Federal Reserve Bank of Chicago’s National Activity Index worsened in August, but its three-month moving average rose above its level from a year earlier, in August 2008 just…
Stocks Strength Temporary Based on Fundamentals
By Robert Cookson Financial Times The fact that almost every risky asset class in the world has rallied sharply over the past six months is somewhat perplexing for V Anantha Nageswaran, the…