Nymex Natural Gas (NG) Natural Gas rose sharply to as high as 3.90 last week before turning sideway. The strong rebound sent daily MACD back into positive territory and argues that a…
Weekly Fundamental Outlook for Energies and Metals – Crude’s Rally Derailed from Fundamentals Again
Strength in stock markets and decline in USD were the major reasons for the rises in commodities. In the US, Dow Jones Industrial Average climbed +2.2% to settle at 9820 while S&P…
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Gold Daily Technical Outlook
Comex Gold (GC) With 4 hours MACD dragged below signal line, an intraday top is in place and bias is turned neutral for the moment. Also, considering bearish divergence condition in 4…
Silver Daily Technical Outlook
Comex Silver (SI) Break of 17.17 minor support, with 4 hours MACD crossed below signal line indicates that an intraday top is formed. Also, considering bearish divergence conditions in 4 hours MACD…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Despite edging higher to 73.19, crude oil failed to sustain above 72.90 resistance and retreated. Intraday outlook is turned neutral again. On the upside, above 79.19 again will…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) With 4 hours MACD crossed below signal line, an intraday top should be in place at 3.90. Intraday bias in Natural gas is turned neutral for the moment…
Recovery in USD Pressures Commodity Prices in European Morning
Commodity prices drop in European morning as the dollar recovers after plunging for several days. In particular, the pound sinks against the dollar and euro after Lloyds Banking Group was barred from…
Profit-taking Seen In Crude & Gold as Recent Rallies Looked Excessive
Crude oil price rose to as high as 73.16 Thursday as driven by better-than-expected US housing starts, initial jobless claims and Philly Fed manufacturing data. However, the gauge ended the day -0.1%…
The Stealth Gold Bull Market is Back But Americans Love Silver
Silver Stock Report by Jason Hommel, September 17th, 2009 One trouble with Americans is that we think we are the center of the world. We do have about 5% of the world’s…