Nymex Crude Oil (CL) Crude oil’s recovery was limited at 72.90 last week and reversed to fall sharply on Friday. Break of 68.96 minor support indicates that such recovery is merely a…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Despite breaching 50% retracement of 4.16 to 2.409 at 3.28, Natural gas’ sharp fall on Friday is still inline with the view that rebound from 2.409 is merely…
Weekly Fundamental Outlook for Energies and Metals – Consolidation in Crude Oil will Continue in Coming Months
Commodity prices rose modestly last week amid weakness in USD. Reuters/Jefferies CRB Index added +1.4% while USD Index plunged almost -2% to 76.6, the lowest close in a year. Commodities normally trade…
How to count cards at Wall Street’s casino and win
I’ve made the analogy between Wall Street and a casino before. And it fits. It’s a rigged game. That’s nothing new. But in the same way you can count cards to tip…
Gold Daily Technical Outlook
Comex Gold (GC) Gold retreat was contained at 983.2 by 4 hours 55 EMA and rebounded strongly. Break of 998.7 minor resistance flips intraday bias back to the upside. Further break of…
Silver Daily Technical Outlook
Comex Silver (SI) Silver’s rally resumes after brief pull back and edges higher to 16.97, meeting mentioned 100% projection of 11.725 to 16.25 from 12.435 at 16.96. Intraday bias will now stay…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil is still consolidating in tight range and with 4 hours MACD staying below signal line, intraday bias remains neutral for the moment. But after all, further…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rebound from 2.409 extends further to as high as 3.33 and is now pressing 50% retracement of 4.16 to 2.409 at 3.28 and 55 days EMA…
Weakness in Dollar Spurred Demand for Commodities
Although the US inventory report triggered selloff in crude oil price to as low as 70.86, decline in USD boosted demand for commodities again in afternoon session. The WTI October contract added…
A Commodity Kingpin’s Candid Thoughts on Austria & Switzerland From the Road
There’s nothing more beautiful than Vienna in the summer. There’s also nothing better than waking up to Viennese coffee… The best coffee in the world, in my opinion, is in Vienna. The…