Category Archives: Commodities Analysis

The Energy Report: Oil Is Sold Off As Traders Look Towards The Sky

Heads in the Clouds sold off ahead of expiration as traders had their eyes on the skies and not their trading screens. Oil was eclipsed in a day where stock market volumes dried up and it seemed that traders ran for cover ahead of expiration. OPEC punted at their technical meeting and put off a decision to extend until their November meeting. Today is the September expiration and we are bouncing off support as we look to the heart of the shoulder season when gasoline demand dips […]

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Crude Oil: September Contract Expiring

Reuters reported that crop tours in South Dakota surmised that crop yields will be well below average. Corn yields were pegged at 154.35 bushels per acre (bpa) versus a year ago of estimated yield of 166.87 (bpa) in the same area and the tours three-year average of 164.39. These numbers were based on six surveys sampled in Minnehaha, McCook, Hanson, Davison and Aurora counties. It has been no secret that the Dakota’s had their share of drought conditions this summer but the market does not seem to […]

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Gold’s Elliott Wave Technicals | Investing.com

Gold is trading in a three-wave decline, away from 1300 region. We see first wave A) completed, followed by a slow and choppy movement, which could be a triangle correction in the making within wave B). Ideally wave B) will unfold two more waves within itself and later make a new push lower, into the final wave C), that can search for a base near the Fibonacci ratios of 138.2/161.8. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All […]

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Trump, Charlottesville And Gold | Investing.com

Last week, the counter-rally against the far-right protest in Charlottesville turned into tragedy. What does it mean for the market? As both the and the released the minutes of their last meetings, we have recently focused on monetary policy. However, the last week was also hot for Donald Trump. On August 12, there was a protest of far-right groups against the decision to remove the statue of Confederate General Robert E Lee. In response, a counter-protest was organized. But it ended in a car attack as a […]

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Zinc: Decisive Zones To Finalize Directional Move — Part II

On analysis of the movement of Zinc futures price in different time zones since submission of my , I find Zinc is not able to cross strong resistance at $3180 and seems to prefer to trade inside a “Medium Volatile Decisive Zone.” Looking at Zinc’s movement in the weekly chart provides more conclusive trading ideas when seen through the daily chart (August 22, 2017, 11:15:00.) Source link

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Gold To Remain Below $1,300

This week, stocks will be fairly volatile as investors keep an eye on the White House and its political worries. Investors would have to wait for the outcome of the Jackson Hole conference for any clues on central banks’ monetary policy after the summer break. World stock markets were mostly up on Tuesday, after the made a -1.5% correction on Monday. The advances in world stock markets might negatively impact safe-havens like , at least in the near-term. Gold may push above a triple top on the […]

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Gold Nearing Major Break Out

Say the word and everybody has a reaction. Some think of polished shiny jewelry, a necklace, bracelet or ring. Others see rappers with a pile of it to show how rich they are and maybe a grille on their teeth. Some, especially Peter Schiff, with a market orientation think of an inflation hedge, or place to store wealth when the world is in crisis. But virtually no one thinks of a crusty old man with a scraggly beard and a pan dipping it into a creek to […]

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Precious Metals And Commodities Weekly: Gold, Palladium Rise

This week we recap precious metals and commodities ahead of the Jackson Hole Symposium. Notable highlights are testing 1300 while continues to be the metal that just keeps on giving. is making a lot of noise, but once the headphones are on, we see that both contracts are ranging. Albeit noisily! Over in the Soft’s, Russia is giving grains a headache while Brazilian is taking away. Gold 0:00:17, Silver 0:04:45, Platinum 0:06:50, Palladium 0:09:20, 0:11:50, 0:13:50, Crude 0:16:30, WTI 0:19:30, Sugar 0:21:25, 0:2:25, 0:26:10, 0:28:20. Original post […]

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Daily Gold Report: Yellow Metal Rises As N. Korea Tensions Ease

rose on Monday as tensions over North Korea fueled safe-haven demand, while doubts about U.S. President Donald Trump’s ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the . December gold futures closed at 1296.7 ,up $5.10 for the session while pushed slightly higher to close at 1709.5 up 1.5 cents for the session. The big event traders will be eyeing will be the annual central bankers meeting held in Jackson Hole, Wyoming, Thursday through Saturday. Highlights of central bank speakers […]

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Weekly Gasoline Price Update: Regular And Premium Down Two Cents

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down a penny each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.02 and San Francisco, CA is the most expensive city, averaging $3.12. South Carolina has the cheapest at $2.03. The WTIC end of day spot price closed at 47.53, a 0.1% decrease from this time last week. How far are we from the interim […]

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