Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Gold at 1292.20 bounced from 1280, and while 1275/80 holds, the price could to 1310 before coming off to 1280 or lower. For now the trend is South. Silver at 16.56 is ranged. It has risen form 16.50 and could hit 17. Overall, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL ICE Brent Crude at 79.36 and Nymex WTI Crude at 72.51 are stable. WTI Crude’s 1st resistance is at 73 which could push the price down to 71 near term. ICE Brent Crude looks to have some room on the Northside at 81-82. But if […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL ICE Brent Crude at 79.05 and Nymex WTI Crude at 71.89 could see some near term falls to 77 and 70.50 respectively before attempting another rise. Gold at 1288.70 is stable near current marks. A fall to support at 1275 is not expected, so the […]

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’ $DIA, $SPY, $QQQ, $USO, $OIL, $VXX BP (NYSE:BP) CEO Bob Dudley expects a flood of US Shale Oil, and the reopening of OPEC taps to cool the Crude Oil market after price rose above $80 bbl this week. US President Donald Trump’s decision to exit an […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 79.58  is trading higher, the Crude Oil Bulls look strong in here and could test 81then dip to 79. WTI Crude Oil at 71.74 sees resistance 73 and push the price down to 70. But if it break North then 74-75 […]

OPEC and the Iran Deal

OPEC and the Iran Deal

Suhail Al Mazrouei, Minister of Energy and Industry has played down the impact of the recent US decision to withdraw from Iran nuclear deal on OPEC, saying the organisation has been through a lot in the past, reflecting its resilience during geopolitical issues that arise on regional and international levels. “I don’t think this time […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Brent Crude at 78.18, and WTI Crude Oil 71.05 are stable in here. WTI Crude Oil has support at 70.50 and could move up in here, while there is little room on the upside for Brent Crude. Brent Crude has Key resistance at 80, and could be ranged […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

  Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Brent Crude at 76.75, and WTI Crude Oil at 70.47 have paused to refresh after the sharp rise seen in the last few sessions. WTI Crude Oil could test support at 69.5-70.0 before again trying to move up again. Brent Crude could come off […]

Oil is not a Buy

Oil is not a Buy

The price of crude oil has risen to an almost three-year high, following US President Donald Trump’s unilateral decision to withdraw from the Iran nuclear deal, as well as bullish US crude inventory numbers. Trump announced the return of a raft of sanctions against the Iranian regime within the next 180 days unless a new, […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: US Crude production has risen to 10.7-M BPD from 10.62-M BPD the week prior. The EIA has now raised its US Crude Oil production outlook to rise by 1.14-M BPD for the next year revised up from the earlier projection of 750,000 BPD. PE Brent […]

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’ $DIA, $SPY, $QQQ, $VXX, $GLD The Gold market is greeting geopolitical turmoil with a Yawn, as stocks made a strong move North on with the S&P 500 and the NAS Comp each + 1.0%, and the DJIA advancing 0.8%. The precious Yellow metal has dropped for 3 weeks […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Tuesday, US President Donald Trump  announced his decision to quit the Iran nuclear deal. PE Brent Crude at 76.69 trades higher after testing intra-day lows of 73.10 Tuesday. WTI Crude Oil at 70.63 is up from 67.64. Note: While the rising momentum is strong Brent Crude […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: US President Donald Trump Tweeted Monday announcing his decision on Iran will come at 2:00p EDT Tuesday, the market awaits the announcement. PE Brent Crude at 75.52 dipped from 76.34, while WTI Crude Oil at 69.98 is down from 70.83. Both are down from […]

Oil Price on the Move: Sell the Rally

Oil Price on the Move: Sell the Rally

Crude surged to the highest level since November 2014 over fears that the United States could pull out of the Iranian nuclear pact. If the deal is scrapped, Iranian oil exports are at risk. Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The yuan-traded Shanghai futures surged to […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Note: Crude Oil trades higher as the 12 May deadline for Iran sanctions nears. Brent Crude at 75.22 to test the prior high at 75.60 and looks Bullish in here. Brent Crude could continue to move up to make […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Friday, 72 and 66 look like the major support on Brent Crude at 73.60, -0.03%,  and WTI Crude Oil at 68.43, -0.01% that if they hold and drive the prices higher, or stabilize move sideways or rally up towards 74-75 […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Brent Crude at 73.18, and WTI Crude Oil at 67.81 are looking stable now. Brent Crude could be trading within 76-72 for a while, and WTI Crude Oil tests resistance near 70, could come off to 66-65 near term. […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: The Asian and EU markets are open.PE Note: Increasing US Crude Oil supplies are expected to cap market gainers. Brent Crude at 73.22, and WTI Crude Oil at 67.50 are trading lower in here. Brent Crude could get some support at 72.15, while that […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Sing. closed for holiday.PE US closing prices WTI Crude Oil +0.7% at 68.53 bbl $USO Gold -0.3% to 1319.40 oz $GLD Copper Unch at 3.05 lb $CU After going through the Monday morning Southside test on the back of rising oil drilling rig counts, […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.46, and WTI Crude Oil at 67.95 are stable in here. Note: WTI Crude Oil has some room of rising to 69-70 near term, Brent Crude could trade in the 72-76 range medium term. Gold at 1317.60 looks to moving […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.42 is trading above 74 now, while resistance  76.0-76.5 holds, there could be a pause. A clear break above 76.50 open a test at 78, or baring that some consolidation followed by a dip next week. WTI Crude Oil at […]

The US Stock Market Remains in Consolidation Mode

The US Stock Market Remains in Consolidation Mode

The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude seeing resistance at 73.87, as seen on the 3-day candle. If that holds, the precious Yellow metal could test to 72-71. WTI Crude Oil at 67.67 tested resistance on the daily candle, while that holds the price comes off to 66 or […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.20 could test at 76, and 76 is likely a Top medium term and the price could fade to lower to 72-71. WTI Crude Oil at 68.18 is stable now after coming off from 69+, it could see […]

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans $USO, $OIL, $XOM, $BP US Crude Oil producers are benefiting from OPEC’s price squeeze and exporting cheaper WTI Crude Oil to Europe in record amounts. Russia alligned with the Organization of the Petroleum Exporting Countries (OPEC) last year in cutting Crude Oil output jointly […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 73.94 has some chances of moving higher to 75-76 which is important resistance. A fall seen then targeting 72-71 medium term. WTI Crude Oil at 68.19 has room to move to 69.0-69.5 in the next 3-4 sessions before […]

President Trump Warns OPEC on “Artificially” Pricing Crude Oil

President Trump Warns OPEC on “Artificially” Pricing Crude Oil

President Trump Warns OPEC on “Artificially” Pricing Crude Oil $OIL, $USO Crude Oil retreats from highest marks in more than 3 years Friday, US President Donald Trump accused OPEC of “artificially” boosting Crude Oil prices after a year-plus pact that has cut global crude inventories, drawing rebukes from Oil-producing countries as prices dipped following his […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 73.77, and WTI Crude Oil at 68.72 rose and looks Bullish to 75-76 and 70 respectively. Thereafter, see a dip medium term. Gold at 1351.90 is trying to move to 1370, but faces Key […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 71.93, and WTI Crude Oil at 66.86 could spend some time consolidating below the major resistances of 74 and 68 respectively. Note: WTI Crude Oil could re-test at 68, and remain stable there. Gold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 71.66 is down from 74, seeing Brent Crude to 70 in here. WTI Crude Oil at 66.52 has come off from resistance near 68 while that sustains, a fall to 65-64 looks imminent. Gold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens in focus but could fade some. PE Brent Crude at 71.93, and WTI Crude Oil at 66.84 have come off from highs near 73 and 67.5 respectively. Do not see geopolitical developments from last Friday having any real impact on energy markets this week. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens in focus but fading some. PE Brent Crude at 71.79, and WTI Crude Oil at 66.86 are down Friday. Looks like a stable retrace after the recent run. Overall 68 on WTI Crude Oil and 74 on Brent Crude to be tested, and […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens back in focus. PE Note: Crude Oil prices surging during the past 2-sessions due to the US-Syria worries and it further boosted Black Gold prices as news of missile strikes on Saudi Arabia were announced.. Brent Crude at 72.39, and WTI Crude Oil […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 70.81 moved up to test 1st resistance near 71 as expected. WTI Crude Oil at 65.38 has some room on the Northside and looks Bullish to 67 before seeing a short dip. Notes: […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 68.99, tested 67 and bounced, if the rise continues, it may head back to 70-71 near term. WTI Crude Oil at 63.85 also bounced from suppor. It could move higher to 65. Near […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 67.36 should come down to support at 66, then bounce back to 69. WTI Crude Oil at 62.25 is testing support here. If support at 62 holds, it could move up in the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 68.00, and WTI Crude Oil at 63.18 have come off as expected. A fall towards 67-66 and 62-61 respectively looks likely in here before the Crude Oil prices can move higher again. Gold at […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 68.33, and WTI Crude Oil at 63.67 bounced from support at 67 and 62 respectively. While these marks hold, Crude Oil prices could move up in here. Near to medium term looks Bullish while […]

Bahrain’s 80B Barrels of Oil

Bahrain’s 80B Barrels of Oil

Bahrain’s National Oil and Gas Authority (NOGA), alongside international consultants DeGolyer and MacNaughton, Halliburton, and Schlumberger, today provided new details on the Kingdom’s largest ever discovery of oil and gas, with tight oil amounting to at least 80 billion barrels. The discovery, made within the 2,000 km2 Khalij Al-Bahrain Basin, is located in shallow waters […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 67.91, as mentioned yesterday, is looking Bearish near term and could come down to 66 in the next 1-2 weeks Gold prices fell overnight as US stock markets rebounded after fears of a global […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 67.84, and WTI Crude Oil at 63.19) have fallen sharply and look Bearish near term. Brent Crude could come down towards 66 now. WTI Crude Oil could come down to test 61 before trying to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 69.74, WTI Crude Oil at 65.20 could try a move to 71.50 and 67 respectively. The next few sessions could be ranged the a move North medium term. Gold at 1333.40 may see support 1320 […]

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’ $CNY, $USD, $USO, $OIL, $GLD For the last few years, I have been writing about China’s coming Gold-backed ‘petroyuan’ and that it was imminent, few thought is possible. On 26 March China launch an RMB Yuan-dominated Crude Oil futures contract, it had tried before, but, now the contract has gotten […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Gold is stabilizing at 1325, expected to remain ranged near term. Hourly support and resistance are given at 1300 and 1366. In the long-term, the technical structure suggests that there is growing Northside momentum for the precious Yellow […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 69.68, and WTI Crude Oil at 64.77 are down as expected. WTI Crude Oil could head towards 64 before rising past 66.50, while Brent Crude could come off to 69-68. Gold at 1346 tested 1357 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 70.23 stable above 70. While the long term chart may look Bullish now, there could be some dip towards 68 soon. A straight rise from here could trigger some more of upside momentum driving it […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New, Safe-havens in view. PE Brent Crude at 70.25 is headed to resistance at 71.28, while that holds, the see turn to 69.0-68.50 WTI Crude Oil at 65.54 near January high at 66.65, could come off to 64 in here. Note: A clear […]

DJIA Finished Off 724 Points, Markets Do Not Like Trade Wars

DJIA Finished Off 724 Points, Markets Do Not Like Trade Wars

DJIA Finished Off 724 Points, Markets Do Not Like Trade Wars $DIA, $SPY, $QQQ, $VXX The DJIA fell more than 700 pts on trade fears, tumbling back into correction territory as US stocks plunged the most in 6 weeks amid the threat of an escalating trade war with China that has the potential to disrupt global growth. At […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: The API report, it was now the EIA report Wednesday which confirmed a fall by 2.6-M barrels in the US Crude Oil inventories last week to 428.31-M bbls. This further boosted Crude Oil prices pushing them higher. Also note that the current weakness […]

Fed Hikes, Stocks Fall, Gold Rises

Fed Hikes, Stocks Fall, Gold Rises

Fed Hikes, Stocks Fall, Gold Rises $DIA, $SPY, $QQQ, $GLD Stocks swung sharply Wednesday afternoon following the release of the FOMC’s policy directive, which increased the fed funds target range by 25 bpts to 1.50%-1.75%. Overall the hike was priced in ahead of the Fed’s expected move. The S&P 500, the NAS Comp, and the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary Brent Crude at 67.63 moved up after the API reports suggested a surprise draw of 2.739-M bbl of United States Crude Oil inventories for the week ending 6 March. Note: The news says an anticipation of 2.556-M bbl in Crude Oil inventories, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary Overnight Crude Oil prices came off aggressively as Wall street sold off. The Southside susceptibility is also a cause and effect of the increase in US Shale Oil drilling where weak speculative Longs are fragile to global risk sentiment The tensions between […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Commodities are trading to Key marks and may move up in during this week. PE Brent Crude at 65.87 could move to 68 while trading above support at 64. WTI Crude Oil at 62.11 may attempt a move to 63-64. Gold at 1311.60 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 65.06 is likely to test resistance at 66. If it holds, another dip to 64.50 is possible, or if the price manages to break above 66 next week could see 67.50 near term. WTI Crude Oil at 61.23 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 64.99, and WTI Crude Oil at 61.12 are stable in here. The prices are likely to remain stable in the 66-64 and 59.50-60.0 zones for now. Gold at 1326.60 is also stable and could trade above 1315-1320 for […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 64.7 trades below 66 and ranged within 66-63 now. Some more trade within this range is possible near term. Near term looks Neutral – Bearish to me. WTI Crude Oil at 60.80 is ranged within  59.50-61.0, not much […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 64.80 is testing resistance at 66, while that holds, the price could come off towards 63-62. The Northside looks limited in here. WTI Crude Oil at 61.21)is likely to trade within 59.50-63.00 this week. Near term is likely […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 65.61 and WTI Crude Oil at 62.15 have risen challenge 1st resistances’ near 66.0-66.5 and 62-63 may limit the Northside. Trade is expected to be ranged within 66.50-62 and 63-60 near term. Gold at 1323.60 bounced […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 63.80 is holding below resistance at 66, and is likely to come off to 62ish, while WTI Crude Oil at 60.26 has support in the 60-59 area. Gold at 1318.80 fell instead of moving higher to 1340/50. Note: 1300-1360 is […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 64.49 sees 1st resistance at 66, while that holds, price may test to 63-62. WTI Crude Oil at 61.30 is likely to trade in the 60-62.50 range for some more time. Gold at 1328.30 came off against my expectation of […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 65.28, and WTI Crude Oil at 62.08 are trading a lower than Tuesday at 66.0-66.50, if the near term resistance holds in here Crude Oil prices are likely to fall to 64.30 and 61 respectively. Gold at 1.336.80 moved up […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 65.66, and WTI Crude Oil at 62.63 moved up and could target 66.0-66.5 and 63.0-63.4 Tuesday. Then, a small dip is possible to 64.30 and 62-61 respectively. Gold at 1321.91 paused in here, and could trade sideways in the 1310-1330 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: President Trump’s “trade wars are good” good for Gold.PE Brent Crude at 64.62, and WTI Crude Oil at 61.48 are trading lower. WTI Crude Oil is likely to trade in the 63-59 zone in the coming sessions, while Brent Crude could move […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Fed Hawkishness undermines Gold’s price in here. PE Spot Gold hit 2-month low at 1306, on Bearish movement which broke Key near-term support at 1307 The precious Yellow metal, sensitive on changes of US interest rates, came under pressure after Fed chief Jerome […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 66.3, and WTI Crude Oil at 61.70 are down sharply, 64 and 60 could hold now for Brent Crude and WTI Crude Oil pushing back the prices a bit in here and into next week. Gold at 1317.43 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 66.32 dipped, contrary to my expectation of a rise to 68-69. This raises chances of a break below 66, then 65 near term, as long as it trades below 67. WTI Crude Oil at 62.67 fell from 64 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE WTI Crude Oil at 63.87, and Brent Crude at 67.50 are stable and likely move to 65 and 68-69 respectively. We will see, they look Bullish to me. Gold at 1335.40 is set up and may rise to 1360-1370 again soon. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE WTI Crude Oil at 62.81, and Brent Crude at 66.34 have risen, and are trading higher Friday. Note: A report from the EIA states that the Crude Oil inventories at 420.5-M/bbl are in the lower half of the seasonal average and […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE WTI Crude Oil at 60.99 came off a bit, while Brent Crude Oil at 64.85 saying stable at marks seen Wednesday. Note: There is some room on the Southside for WTI Crude Oil to test 60-59 again in here, while resistance […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE WTI Crude Oil at 61.31 seeing major resistance at 63 that is likely to hold near term. While trading below 63, the price may trade to 60. Brent Crude at 64.86 could come off to re-test to 63, while trading […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD Firming, and Overall the metals are trading lower today, and Crude Oil prices have inched higher. PE. WTI Crude Oil 62.17 may test resistance near here, and could again come off towards 62-61 in the next few sessions, A break above 63 turns Black […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weakening.PE WTI Crude Oil at 61.53 is likely to move up to 63 soon, then see a dip to 61. Brent Crude at 64.71 is likely to move up to 65-66 soon followed by a dip too. Gold at 1359.30 could test 1st […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weakening.PE Brent Crude at 64.86 moved up from 62, 65 is Key resistance near term. A sustained break above 65 is needed to move higher to 67 medium term, or Brent Crude price is likely to remain ranged within 63-65 for […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent Crude at 62.80 has support in the 61-62 area, and while that holds, a bounce to 65 is seen in here. WTI Crude Oil at 59.17 has support near 57.30-58.00, which may drive the price to near 60-62 later this […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE WTI Crude Oil at 59.88 moved up from 58. If see a dip below 58, WTI Crude Oil is likely to test 56-54, as seen on the 3-Day then comes a bounce. Brent Crude at 63.43 has been stable above 62-61, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE WTI Crude Oil at 59.88 moved up from near 58. In there is a dip below 58, WTI Crude Oil is likely to test 56-54 as visible on the 3-Day, before a bounce is seen. Brent Crude at 63.43 on the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent Crude at 64.32, and WTI Crude Oil at 60.53 are down in line with expectations. Crude Oil prices look Bearish in here to me. Brent Crude is likely to test 63-62 near term. WTI Crude Oil may move to 59-58, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent Crude at 65.36, and WTI Crude Oil at 61.62 are down. Brent Crude broke below 1st support, while WTI Crude Oil is testing just here. A bounce if not seen now could lead to further fall in the Crude Oil […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent  Crude at 67.41, and WTI Crude Oil at 63.95 have moved up, recovering from marks seen Tuesday. Near term looks Bearish, while trading below 68 and 64 respectively. Note: Let’s see if the weekly support on Brent holds or pushes […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent Crude at 66.97, and WTI Crude Oil at 63.46 are down as expected. The Crude Oil prices could head lower in here. Brent Crude has support at 65, if it holds could take it higher again longer run, or the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Brent Crude at 67.75, and WTI Crude Oil at 64.71 have come off again. Brent is likely to move down near term towards 66-65, while WTI Crude Oil holds above 64. There could be some test to 64.00-63.75  near term. Gold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New, USD continues to weaken. PE Brent Crude at 69.79, and WTI Crude Oil at 66.04 have risen sharply. While 1st support near 68 holds on Brent Crude, it may target 71-72 near term. WTI Crude Oil is respecting support near 64, while […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude’s 68.97 support is near 68 and while that holds, the price could possibly trade in the 72/71-68 zone for now. It needs to break to confirm a down leg which may extend to 67-65, will wait for confirmation. Now […]

US Crude Oil Production Tops 10-M BPD

US Crude Oil Production Tops 10-M BPD

US Crude Oil Production Tops 10-M BPD $USO US Crude Oil stocks rose more than expected last week, while gasoline and distillate inventories fell, the Energy Information Administration (EIA) said Wednesday. US Crude Oil production rose 384,000 BPD in November to 10.038-BPD, the Energy Information Administration said in a monthly report Wednesday. The level was just […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Brent Crude at 68.45)has interim support at 68 and resistance at 71-72, while it trades above 68, there room to move to 72, or fall to 65 this week. WTI Crude Oil at 63.91 fell sharply compared to Brent […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Strength in USD brings a pause to rising commodity prices. While USD strengthens if it does, a dip in commodities, especially Crude Oil and Gold is possible near term.PE Brent Crude at 69.19, and WTI Crude Oil at 65.17 have come off […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weakness and Hawkish talk from ECB supporting Gold’s price. PE Brent Crude at 70.43 is stable in here. A rise above 71.35 is needed to continue to move North now, the price movement does not indicate any lack of Bullish momentum, and is poised […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weakness and Hawkish talk from ECB supporting Gold’s price. PE Prior to the European Central Bank’s (ECB) press conference Thursday. many analysts and investors were expecting ECB President Mario Draghi to talk down EUR. Silver is Bullish, and Crude Oil is Neutral […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weakness helps Crude Oil and precious metals. PE Brent Crude at 70.90, and WTI Crude Oil at 66.16 have risen sharply and are currently trading above resistances at 70 and 65 respectively. They are looking strongly Bullish now as the US inventory […]

1 2 3 6