Crude Oil Marks Biggest Quarterly Rise Since 2009

Crude Oil Marks Biggest Quarterly Rise Since 2009

$USO, $OIL FLASH: Crude Oil prices rose about 1% Friday, posting their biggest Quarterly rise in 10 years, as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy. The May ICE Brent Crude Oil futures contract, which expired Friday, gained 57c, or 0.8%, to settle […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Off, Crude Oil Higher, Stocks Flat Notes: The United States aims to cut Iran’s Crude exports by about 20% to below 1-M BPD from May by requiring importing countries to reduce purchases to avoid US sanctions, 2 sources familiar with the matter told Reuters. Both sources said they were […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Firm, Crude Oil Down, Stocks Down Notes: MSCI’s ACWI,, a gauge of 47 markets in the world, has risen 16% from its near 2-year low set on 26 December low, even as the earnings outlook stagnated, driven by hopes of a dovish Fed and a compromise between Beijing and Washington on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Soft Crude Oil Higher Stocks Up In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. UK PM May will return to Parliament Monday to set out how she plans to try to break the BREXIT deadlock after her deal was rejected by […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Lower sans Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from Citigroup (C) due Monday followed by JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) later in the week. Expectations are low with profits for US companies […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Lower USD Lower Crude Oil Up Stocks Higher In Asia Note: US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!” Gold: Gold treads lower on improved risk appetite, while Palladium marks record highs Spot gold slipped 0.2% to $1,282.61 oz by 0600 GMT, and US gold futures settled down 0.1% at […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Stable Stocks Dip In Asia Note: Presidents Trump to speak to the Nation Tuesday on Key issues of national security. Gold: Gold held steady Tuesday as bets on a pause in US interest rate hikes and hopes of a US-China trade deal put pressure on USD, but an improved risk appetite capped gains for the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Up Stocks Higher In Asia Note: Presidents Trump and Xi spoke Sunday, tone was optimistic as US trade representatives arrived in Beijing for official trade talks Monday. Gold: Gold rose Monday, helped by a weaker USD on expectations that the Fed may/will apply brakes on its monetary tightening cycle in Y 2019, an […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Up Stocks Higher In Asia Note: Asian shares found some comfort Friday as Beijing announced a new round of trade talks with Washington, though recession fear has markets betting the next move in US interest rates might be down. And Chinese Premier Li Keqiang also signaled further policy easing and support for small […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Down Stocks Higher In Asia Gold:  Gold prices scaled a more than 6-month highs Thursday as worries about a global economic slowdown and volatility in equities boosted safe-haven buying, while a weaker USD offered support. Spot gold touched its highest mark since 15 June at $1,290.09, and was trading up 0.3% at $1,288.43 […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Down USD Lower Crude Oil Down Stocks Higher Notes: Selling pressure on US stocks fading, positive sentiment recovering. The Big Q: Will stock markets can sustain their recovery at the start of the New Year? Notes: Cooperation is the best choice for both China and the United States, Chinese President Xi Jinping told Trump in a congratulatory […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Up Stocks Higher Notes: Selling pressure on US stocks fading, positive sentiment recovering. The Big Q: Will stock markets can sustain their recovery at the start of the New Year? In Asia Gold: Gold on pace to end the year on a high note after rallying almost 5% in the past month […]

In Asia: Gold Up, USD Off, Stocks Up + Commodities

In Asia: Gold Up, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Choppy Stocks Higher Notes: Selling pressure on US equities is beginning to fade, but the VIX is still around 29 with investor risk sentiment still recovering. The CBOE Volatility Index rose mid-week to 36, its highest mark since early February. It has since pulled back to 29, still above a recent […]

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Flat USD Off Crude Oil Lower Asian Stocks Higher Notes: There was no single trigger for the overnight relief rally on Wall Street, though a Mastercard Inc report that sales during the US holiday shopping season rose the most in 6 years in Y 2018 helped allay concerns about the health of the US economy There […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Up Asian Stocks Higher  Note: US President Trump, could shut down the government Friday, as Senate did not vote to fund The Wall at the southern border, Congress reconvenes Wednesday. In Asia Gold: Gold prices rose Monday, holding ground near a 6-month high hit last week, as investors are still concerned about political […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.55, and NYMEX WTI Crude at 68.78 look Neutral. WTI Crude  is ranged in here within 69.0-67.5, and may rise above 69, Brent Crude could move above 74 and could not in here. Gold At 1224.20 is up […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.36 and NYMEX WTI Crude at 68.95 bounced supports, and they could start moving up medium term towards 78 and 72 in here. Gold at 1216.20 came off and can test to 1200 next week. Then a bounce from 1200 is […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 72.79 has come down, it could test 72.50 before the price could rise back over the next couple sessions. Support is likely to hold and could possible take the price higher soon. Nymex WTI at 67.97 sees support at […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.35)could bounce from support at 68. There is little support below 68. ICE Brent Crude at 73.89 came off from 76 and continues to lower. A test of support at 72.50 is possible now. Note: Both the Crude Oil […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 70.14, +0.01%, and ICE Brent Crude at 75.44, +0.63% bounced from support on the longer term charts and now look Bullish medium term. ICE Brent Crude could move to 78, NYMEX WTI Crude to 72. Gold at 1229.920, -0.13% […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.82, +0.19% at 1st support, while that holds, a fall below 68 seems unlikely. A rise from 68 is possible in here, targeting 71. Near term looks Bullish above 68. ICE Brent Crude at 74.22, -0.09% is […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.55 can test at 71-72 before comes off medium term. We wait, we watch for now. ICE Brent Crude at 74.40 has bee moving up fro support at 71, while that holds the price may target 76 soon. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.40, and ICE Brent Crude at 74.41 are trying to move up, while that continues, WTI Crude could move up towards 71-72 while Brent Crude could test 76+  near term. Gold (1232.40) if sustains a rise above 1230, could […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 68.80 and ICE Brent Crude 73.91 have risen from supports, and while they hold, the prices may […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude at 74.17, -0.38% has some support in here, and could bounce over the next few sessions targeting 77 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude 74.62 and NYMEX WTI Crude at 70.76 have fallen sharply. Note: Crude Oil prices started falling yesterday after […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are also set dip. PE ICE Brent Crude at 78.08 dipped from  78.80 seen Tuesday. Near term trade within 77-79 is possible, and […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 78.37 is stable and unable to decide which direction in here. North is limited to 80-81 and will hold for now. A test at 79-80 near term, followed […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.50, and NYMEX WTI Crude at 74.12 look like they want come off to test to 75 and 65 respectively before moving up medium term. Note:Immediate view is […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.15 seeing Brent Crude falling from current marks to 76 near term on supply/demand concerns. NYMEX WTI at 72.82 could test 68 near to medium term before […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.69 could trade sideways within 77-80 now. While it trades above 77 it could test 80 before coming off again. NYMEX WTI Crude at 73.84 sees resistance, and could […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.83 is holding below resistance at 80, while that holds, a dip to 76, and then a attempt 78+. NYMEX WTI Crude at 74.55 is also holding below important […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: US President Trump has called on Saudi Arabia to raise production. PE NYMEX WTI Crude at 73.22 is holding well in here, while that holds, the price will test to 72. ICE Brent Crude at 78.19 could still have some room on the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Again, Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are trading […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil bouncing near to medium term on Iraq production issues. PE Crude Oil prices have risen sharply against expectations ICE Brent Crude at 76.53, and NYMEX WTI Crude at 70.74 moved up and may continue to rise to 80 and 72 respectively then see […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities look Bearish near to medium term. PE ICE Brent Crude at 74.79 could come off from 76 and re-test 73-72 near term, 72 is a good support on the longer term charts and we may see a fall below 72 medium […]

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: OPEC to raise production by 1-M BPD, President Trump wanted lower Crude Oil prices he will get them. PE Gold at 1271.60 may try to move to 1280 in here there is room for the move. ICE Brent Crude at 74.12 sees resistance at 76, 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: OPEC to raise production by 500-K BPD, and while the markets wait for some decision from the OPEC meeting, Crude Oil prices may trade up a bit then down, President Trump want lower Crude Oil prices. PE Gold at 1268.90, I am looking 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 Gold at 1269.80 broke below 1270, while that holds, medium term view turns Bearish with possibilities of testing to 1250-1240 in the next week or 2. ICE Brent Crude at 74.63 sees near term resistance at 76, and while it trades below […]

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 Gold at 1276.30 seeing 1st support on the 3-Day lines and candles. If it holds, may see a bounce towards 1300, barring that an indication of medium term Bearishness may be triggered on a fall below 1270, then a test 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. PE Gold at 1283.51 if the precious Yellow metal falls below 1275-1270 could open a test to 1250/40, but now seeing some neutral movement near current marks. ICE Brent Crude at 74.99, and NYMEX WTI Crude at 65.99 both recovered a bit from […]

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 look weak. PE Gold at 1279.80 broken 1st support at 1280, if it hold, then the precious Yellow metal can break below 1275, them 1260-1250 opens up on the Southside medium term. Silver at 16.49 has fallen and could head to 16.25-16.00 […]

Stronger USD Pushing Platinum (NYSEArca:PPLT) Down

Stronger USD Pushing Platinum (NYSEArca:PPLT) Down

Stronger USD Pushing Platinum (NYSEArca:PPLT) Down $PPLT, $IMPUF, $GLD, $SLV Platinum futures trading on the NYMEX market in New York declined for a 4th day running Tuesday to 996.80, pushed down by a stronger USD, weakness across the precious metals complex, and the signing of a wage deal in Key producer South Africa. YTD Platinum’s price is up more […]

Weekly Technical Outlook NYMEX Crude Oil (CL)

Weekly Technical Outlook NYMEX Crude Oil (CL)

Weekly Technical Outlook NYMEX Crude Oil (CL) Nymex Crude Oil (CL) The choppy fall from 51.67 continued last week and broke 41.88/90 cluster support (38.2% Fibo retracement of 26.05 to 51.67 at 41.88). Continued trading below this mark should now bring deeper fall to 61.8% Fibo retracement at 35.84 1st and possibly to 35.24 support […]

Any Deal To “Freeze” Crude Oil Production To Have Limited Impact

Any Deal To “Freeze” Crude Oil Production To Have Limited Impact

Any Deal To “Freeze” Crude Oil Production To Have Limited Impact A deal to freeze Crude Oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before Y 2017, the International Energy Agency (IEA) said Friday. The IEA, which oversees the energy policies of […]