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Nice move toward a breakout for gold futures on Friday. However, gold bugs need to show more to convince us about a market turn in process. Original Post
The key yield curve has inverted, shouting loudly that a recession is coming - and with it, better times for gold. I’ve been writing about the downturn for some time, but in October, another...
Oil prices are trading this Friday at their highest in nearly a month, benefiting from the looming tighter supply as an effect of market speculation around potential zero-COVID policy relief in...
The ultra-low sulfur diesel crack spread cracked up, hitting a new record high, as physical buyers are scrambling to secure supply. I have talked to many of my physical players, and there are reports...
By analyzing the movements of natural gas futures since Oct. 31, we can see that the selling is visible enough on every upward move to confirm a breakdown soon as the bulls find it difficult to...
Oil prices are rallying once more at the end of the week as rumours continue to circulate around China’s plans to relax certain Covid restrictions in the first major move away from its...
Gold with fresh lows for this market cycle (30 months if I am not mistaken) and calling a bottom is a fool’s game. Original Post
The Fed delivered another 75 basis points hike. Gold didn’t like the FOMC meeting and declined further.The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent...
The oil market managed to settle higher yesterday despite a 75bp hike from the US Fed and comments suggesting that rates will peak at a higher level than previously expected. That said, they also...
Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is...
Fed Chairman Jerome Powel almost got through his FOMC press conference without tanking oil prices, but one of his last answers caused a sharp drop in stocks and oil.The Fed raised rates by 0.75...
Oil prices are softening a little on Thursday after nudging higher again a day earlier. Brent appears to be settling around the mid-point of the $90-$100 range as traders weigh up the impact of the...
Four straight days of double-digit gyrations on Henry Hub’s front month All eyes on Freeport LNG’s planned reopen US and Europe’s weather models giving muddle outlooks Giddy-up! The...
From a chart perspective, the bear is not over for crude oil yet. Crude needs to exceed an area full of resistance, first to break a limiting downtrend line and then to mark a higher high on the daily...
Gold remains well below the horizontal neckline support (ca. $1,700) that confirms a multi-month double top. According to classical price chart analysis, the projected target price is as much below...