Nymex Crude Oil (CL) Crude oil’s consolidation from 67.43 is still in progress and further recover cannot be ruled out. But still, another fall is still in progress as long as 71.60…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Consolidations in natural gas is still in progress and further recovery cannot be ruled out. But after all, upside is expected to be limited below 50% retracement of…
Has Gold’s Long-term Uptrend Resumed?
Gold’s rally accelerates after breaching 1000. The December contract surges to as high as 1009.4, the highest level since March 2008. A close above 1000 should provide more evidence that the long-term…
Efficient Market Hypothesis: True “Villain” of the Financial Crisis?
By Robert Folsom Editor’s Note: The following article discusses Robert Prechter’s view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter’s Elliott Wave Theorist. When a…
Will the stock market crash this September?
Big bears on the U.S. economy – myself included – remain negative on the prospects of a sustainable economic recovery. I continue to view this rally as an opportunity to sell risky…
Gold Daily Technical Outlook
Comex Gold (GC) Gold stays in tight range below 1000 psychological level today and upside momentum is diminishing a bit with 4 hours MACD crossed below signal line. Nevertheless, intraday bias remains…
Silver Daily Technical Outlook
Comex Silver (SI) Silver stays in tight range today and upside momentum is diminishing a bit with 4 hours MACD crossed below signal line. Nevertheless, intraday bias remains mildly on the upside…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil continues to stay in tight range above 64.73 as consolidation continues today. Some recovery might be seen, but after all, further decline is still in favor…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ recovery from 2.409 is still in progress and some more rise could still be seen, to 4 hours 55 EMA (now at 2.811) and above. But…
Narrow Trading Across The Board. CFTC Commitments Of Traders Saw Significant Decline In Crude Net Longs
Commodity prices trade narrowly Monday due to Labor Day holiday in the US. Crude oil price edges slightly higher to 68.12 from Friday’s close of 68.02. This week’s focus is on OPEC’s…