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Now that Hurricane Sally made landfall and tracking her path of heavy rains which is now moving northwestward, we also are watching Disturbance 1 which has become better organized and could form...
You can say what you want about the state of the oil market, but you cannot deny that crude supply in the U.S. is on a clear downtrend. The Energy Information Administration reported that U.S. crude...
The gold futures contract gained 0.22% on Wednesday, as it slightly extended its small Tuesday's advance of 0.13%. The market remained relatively calm despite the FOMC Statement release. Recently gold...
Oil impressive overnight rally peters outOil prices rocketed higher overnight, as Hurricane Laura worries and a dramatic fall by 4.4 million barrels for US Crude Inventories provoked an aggressive...
The second Atlantic hurricane in three weeks has once again bolted the door on energy production in the U.S. Gulf Coast of Mexico. Yet, Hurricane Sally, which made landfall on Wednesday near the...
Natural Gas Futures have formed the bottom at around $2.224. I believe we'll see a steep reversal from here. There is no doubt that the impending inventory on Thursday could propel bulls to...
On the Hurricane Front the National Hurricane Center last update expects Hurricane Conditions with Hurricane Warnings along the Mississippi and Alabama coastlines.Do not be confused, Hurricane Sally...
Oil prices rallied strongly overnight as hurricanes threatened to, yet again, disrupt US supplies and refining. Brent crude rose 2.50% to USD40.65 a barrel, and WTI rose 3.0% to USD38.40 a barrel.Both...
WTI Crude shorts at selling opportunity at 3870/3900 target 3840/30 with first support at 3800/3780. A break below 3760 targets 3720/30. Below 3710 look for 3680/70 before support at 3600/3580. A...
Gold holding above 1950 today targets of 1960 and 1965. Today’s key resistance is at 1966/69. Shorts need stops above 1973. A break higher is a medium-term buy signal initially targeting 1981/84...
They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls.They also say good things come to those who wait. I believe those good things will be...
The European Central Bank held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of...
Research Highlights:Gold pennant/flag formation is now complete and setting up new momentum base near $1,925. Our Adaptive Fibonacci Models suggest support will prompt new gold rally to $2,250. The...
The Gold Futures contract gained 0.81% on Monday, as it retraced its Friday's decline. So gold is still trading within a consolidation along $1,950-2,000. The market retraced most of the decline...
Oil continues to give OPEC+ headachesOil markets traded in a narrow range overnight but remain firmly anchored at the bottom of their recent price ranges. Brent crude fell 0.35% to USD39.65 a barrel,...