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Oil price futures slipped into negative territory on Monday - a shocking oil-market first - making previous doom and gloom forecasts of OPEC’s too-little-too-late production cuts now seem like...
Oil prices crashed through zero, closing out yesterday at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The prices for WTI reflect the...
Nowhere to run to, nowhere to hide. Oil can go below zero. After the CME Group clarified that point, it created an oil crash unlike anything ever seen in the oil futures contract. While we have had...
The Gold futures contract gained 0.73% on Monday, as it bounced off previous local highs. The market has reacted to an unprecedented oil prices crash and stock market’s decline yesterday....
Since my last analysis, spot gold and GLD indeed sold off down to US$1,450 and US$136.12. However, thanks to worldwide “whatever it takes” measurements by central bankers and governments...
The recent economic reports show that the current coronavirus crisis will be bigger than the Great Recession. What does it imply for the gold market?US Economic Data Paints a Gloomy Picture This week...
Donald Trump calls at least one of them his “friend,” and has spoken on the phone with the other four times this month alone.Yet, few might be more pleased than Saudi Crown Prince Mohammad...
It's only Tuesday, and not only are oil storage tanks reaching the saturation point but so have oil traders. There is too much uncertainty in the world at the moment for anyone to have any...
While I forecasted Negative oil prices were on their way last month, it’s still SHOCKING to see it happen to such a degree. Today, the May WTI futures contract saw the price drop to a stunning...
Looking at the ratio charts, what can we take away? The chart on the left is the GLD (NYSE:GLD) daily chart along with the momentum indicator and GLD versus SPY (NYSE:SPY) ratio chart. Gold GLD close...
Natural gas (May) popped up to new highs and facing resistance. Original Post
Gold looks indecisive on the bullish head/shoulders neckline. Original Post
Silver susceptible to a rollover below this support line, but jumping the gun, ie trading signals before they are complete, is not the way to go. Original Post
by Adam ButtonAnd it finally happened. US oil prices crashed below zero for the first time in history as plummeting demand alongside insufficient supply cuts sent storage costs soaring. The result:...
Breaking support will validate the rounding top scenario for hourly silver. Original Post