STRATEGIES

By Anton KolhanovCommodities6 hours ago (Mar 03, 2020 08:35AM ET) WTI Crude oil (CL), Futures market Tuesday forecast, March 3 Downtrend An downtrend will start as soon, as the pair drops below support level 47.30, which will be followed by moving down to support level 45.95 – 45.30. Uptrend The […]

Central banks’ assurances that they stand ready to act to support local economies hit by the CoVid-19 outbreak turned risk appetite around yesterday, lifting equity, oil and industrial metals markets while hurting gold. Agricultural commodities were mixed, with wheat and sugar under pressure but corn and soybeans rose. An emergency […]

The natural gas futures market ended last week with another new low. While markets across all asset classes were panting from a week of wild volatility, natural gas quietly slipped below the $1.70 per MMBtu level after the March futures rolled to April. Natural gas can be one of the […]

Good Morning! We kickoff the first Monday of March with Markit Manufacturing PMI Final at 8:45 A.m., Construction Spending and ISM manufacturing Index at 9:00 A.M., Export Inspections at 10:00 A.M., 3 & 6-Month Bill Auction at 10:30 A.M., Cotton System, Fats & Oils and Grain Crushings at 2:00 P.M. […]

Our research team believes the recent downward price activity in gold and silver are indicative of past price patterns we saw in gold during the 2007 to 2012 rally. Throughout almost every rally in precious metals (gold), there have been a number of moderate to serious price corrections taking place […]

Monday, March 2 Downtrend The downtrend may be expected to continue, while pair is trading below resistance level 45.70, which will be followed by reaching support level 37.90. Uptrend An uptrend will start as soon, as the pair rises above resistance level 45.70, which will be followed by moving up […]

One day at a time: that might be the best advice on how to navigate the oil and gold markets now. Crude prices look primed to continue their rebound this week from the combination of an OPEC meeting, Syrian tensions, central banks’ stimulus and buying on dips. Yet coronavirus news […]

I highlighted stopping volume on the daily chart for WTI in last week’s analysis, and Friday’s price action provided further evidence of this as this market attempts to rally, along with several others. As I pointed out last week, a move that has momentum, which is normally the case in […]

Crude oil is on the rebound after suffering heavy losses across the previous week. After shedding 16% in its worst weekly decline in 11 years, oil was rebounding in early trade on Monday, up 2.7% on optimism of central bank stimulus in the face of risks posed by coronavirus and […]

Crude Oil: crucial long-term support area below. Original Post Crude Oil – March 2 Update Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no regard to the specific investment objectives, […]