Crude oil price remains under pressure in European morning on stock markets’ decline and USD’s rebound. As recent price rallies have brought risky assets’ valuations to stretched levels, investors have become extremely…
Risk Aversion Returns amid Trade Protectionism
Crude oil price extends last Friday’s weakness and slides to 68.5 in Asia Monday as driven by decline stock markets and rebound in USD. Recent rallies in commodity and stock markets have…
Gold Daily Technical Outlook
Comex Gold (GC) While some retreat might still be seen, short term outlook in Gold remains bullish with 983.2 support intact. Further rally is still expected to retest 1033.9 high first. Break…
Silver Daily Technical Outlook
Comex Silver (SI) With 4 hours MACD crossed below signal line again, intraday outlook in Silver is turned neutral. Nevertheless, further rally is still in favor as long as 16.061 minor support…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s corrective rebound from 67.05 should have completed at 72.9 already. Intraday bias remains mildly on the downside for 67.05 support first. Break will confirm that whole…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) As discussed before, rebound from 2.409 is likely completed at 3.424 already. Intraday bias in natural gas is mildly on the downside for the moment. Break of 2.744…
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Gold & US Dollar Relationship
When it comes to Gold, there is actually too much focus or incorrect focus on the US Dollar. The fact is that throughout this bull market, Gold has been leading the US…
Gold Weekly Technical Outlook
Comex Gold (GC) Gold’s rally extended further to as high as 1013.7 last week, and took out 1007.7 resistance as expected. Short term outlook will remain bullish as long as 983.2 support…
Silver Weekly Technical Outlook
Comex Silver (SI) Silver’s rally extended further to as high as 17.015 last week and met mentioned target of 11.725 to 16.25 from 12.435 at 16.96. Initial bias remains on the upside…