Crude oil price remains strong in European morning. The International Energy Agency (IEA) raised its forecast on oil demand, as indicated in the September report. The October contract hovers around 72 as…
OPEC Continues to ‘Wait & See’, Satisfied with Current Price Level
Crude oil price rose to as high as 72.52 Wednesday as driven by advance in stock markets amid the Fed Beige Book showed improved economic conditions. The benchmark contract ended the day…
Gold Daily Technical Outlook
Comex Gold (GC) A short term top is in place in gold at 1009.7 after hitting 1007.7 resistance. Pull back from there is still in progress and touches 4 hours 55 EMA…
Silver Daily Technical Outlook
Comex Silver (SI) An intraday top is in place in Silver at 16.86, just ahead of 100% projection of 11.725 to 16.25 from 12.435 at 16.96. Some pull back should now be…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil turns sideway after rebound to 72.52 and some sideway trading might be seen. But after all, further rise is still expected as long as 68.96 support…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) No change in Natural gas’ outlook. While some more recovery might still be seen, upside is expected to be limited below 50% retracement of 4.16 to 2.409 at…
Free 47-Page eBook: How to Spot Trading Opportunities
Dear reader, What if you could look at a chart and instead of seeing what happened, you could see the potential trading opportunities that could happen. Elliott Wave International (EWI), the world’s…
Bankster Economics 101
Politicians, Bankers Show their True Colors When Challenged By Bloomberg… “Give this job to Clemenza. I want reliable people, people who aren’t going to be carried away. I mean, we’re not murderers,…
Platinum Stays Firm As August Car Sales Jumped
Platinum price remains firm after surging +2.4% Tuesday. Currently trading at 1290, the October contract attempts to make a new 3-month high above 1304 as spurred by strength in the precious metal…
Oil Price Regained 70 Territory As Driven By Gold’s Rally And USD’s Weakness
Crude oil price surged in tandem with gold and equity markets. The benchmark contract gained +4.5% Tuesday to close at 71. While the OPEC will keep production unchanged in September, the Ministerial…