Category Archives: Commodities Analysis

Gold’s Rebound Stops Short Of Resistance

Since the September high, has ‘only’ managed to shed 7.6% in value (if we look past the 9.1% it achieved by Tuesday’s low at the $1236.32). It was thanks to Wednesday’s that gold bugs were given a reprieve from bears as traders were positioned for a more hawkish meeting before broad USD weakness ensued. So, with momentum generally favoring the bears, we’re seeking a suitable opportunity to join them. The daily timeframe has provided two prominent bearish legs since the September highs, which were separated by a […]

More info

Is Crude Oil Consolidation Strong Enough To Cross Resistance Ahead?

On analysis of the movement of WTI futures price on December 14th, 2017 at 12:50:00 in the same chart pattern which I noted in , I find the WTI Crude Oil futures price’s reversal from the strong supportive zone seems to provide enough bases for a strong up move amid growing volatility. Secondly, the strength of the move with supportive demand-supply equation seems to provide enough strength to the current consolidation to attract more oil bulls to cross the resistance zone ahead. Good Luck! WTI Crude Oil […]

More info

Metallic Minerals Catches The Silver Ring

Silver is cheap right now, says Bob Moriarty of 321 Gold, who profiles a company in the Yukon that he says is delivering world-class exploration results. In the old west, when the sole lawyer in a small town needed more business, he would bring in another attorney. Two legal beagles in a small town are enough to stir up sufficient business for each. Actually, mining sort of works the same way. You have to have several mining companies in the same district to beat the drums so […]

More info

Gold Yawns As Retail Sales Jump

has ticked lower in the Thursday session. In North American trade, the spot price for an ounce of gold is $1254.27, down 0.11% on the day. On the release front, consumer spending indicators looked sharp, as and improved in November, with readings of 1.0% and 0.8%, respectively. Both indicators beat expectations. There was positive news on the employment front, as unemployment claims fell to 225 thousand, well below the forecast of 237 thousand. On Friday, the US releases the . There were no surprises from the , […]

More info

Natural Gas: Is The Same Liquidator Still Playing Tricks?

On analysis of the extremely volatile movement of futures price on December 14th, 2017 at 11:55:00, I find the same Liquidator, who tried forcefully not only to negate the bullish sentiments of the masses but also all the fundamentals of Natural Gas too on December 12th, 2017 at 09:40:00 by liquidating large quantum of Natural Gas futures due to reasons still unknown; seems still playing trick to negate even the bullish inventory announcement on December 14th, 2017 at 10:30:00, before the advent of winter. No doubt, whosoever […]

More info

Gold Initiated Upward Correction With Potential Of Trend Reversal

After Last week’s major break for the sideways congestion, plunged to five months fresh-lows at 1236.55 on Tuesday, then started upward correction first as a result of the deep down dips, second as a response to yesterday’s FOMC’s priced in news and a neutral statement without giving any new perspectives for 2018 outlook. The precious metal rallied yesterday from 1240.35, and recorded 1257.15 high. Today, gold extended the bulls action with only +$3 after clocking 1259.15 high, currently trading 1258 intraday. On technical level, gold is currently […]

More info

Is Gold’s Intermediate Cycle Low Behind Us?

Please also see my mid-week updates on the , Energy (, and ), and the . As you know, for and the PM complex, I have been expecting a 5-6 month Intermediate Cycle Low (ICL) in the December timeframe and the Fed’s FOMC meeting seems to provide the catalyst on a number of occasions. Here is a post from this past weekend on 12/10. https://surfcity.co/2017/12/10/gold-intermediate-cycle-update-15/ While more evidence is needed to confirm Gold’s 5-6 month Intermediate Cycle Low (ICL) is behind us, I did add three Mining […]

More info

Natural Gas Liquidator May Be Forced To Become A Predator Soon

On analysis of the extremely volatile movement of futures price on December 14th, 2017 at 14:00:00, I find the Liquidator, who tried forcefully not only to negate the bullish sentiments of the masses but also all the fundamentals of Natural Gas too on December 12th, 2017 at 09:40:00 by liquidating large quantum of Natural Gas futures due to reasons still unknown; seems to be forced now to be turn into a Predator from the current levels. Now, the question is how long he may survive at highly […]

More info

WTI Crude Lower As Predicted

lower as predicted, initially holding just below support at 5710/00 but eventually bottomed exactly at the next target of 5665/55. THE KEY TO DIRECTION IS important support at 5600/5590 but longs look risky this time. A break lower IS A SELL SIGNAL targeting good support at 5505/5495. A bounce from here is likely on the first test so if you are trading short term, cover shorts – although the longer term outlook remains negative. (WE THEN SELL ON A BOUNCE TO 5600). Outlook negative but an unexpected […]

More info
1 2 3 112