Russia could’ve said yes to OPEC’s proposals, but self-preservation, interest in long-term gain and indignation over President Donald Trump’s sanctions got in the way. And now, until the situation works out, the country will be paying the price for its decision, through weak oil prices and getting blamed for putting […]
Crude Oil Feb. 26 Preview
Crude oil: Weak neckline of what will be a Head & Shoulders if broken. Original Post Crude Oil Feb. 26 Preview 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 […]
Self-Absorbed, Annoyed Russia Makes Oil Market A Bear’s Place
Russia could’ve said yes to OPEC’s proposals, but self-preservation, interest in long-term gain and indignation over President Donald Trump’s sanctions got in the way. And now, until the situation works out, the country will be paying the price for its decision, through weak oil prices and getting blamed for putting […]
Commodities Weekly: Gold Spiked To 7-Year High On Virus Spread
The one topic driving sentiment in markets these days is the spread of the CoVid-19 virus beyond China’s borders. Safe-haven assets are in demand, boosting gold, the US dollar and US Treasuries, but hurting industrial metals and oil. The agricultural sector is trading mostly softer amid fears China’s buying of […]
Natural Gas: Bottom Formation Before A Flight For Next Peak
Natural Gas seems to be forming a bottom just above the ‘Bears Trapping Zone’; just before a flight with short-covering rally shortly; which may continue till formation of next peak. Disclaimer 1. This content is for information and educational purposes only and should not be considered as an investment advice […]
Chart Of The Day: Even After A 3% Plunge, Oil Demand Endures
Today’s market produced several gaps in prices: gold gapped up to the highest since early February 2013. The 10-year and 2-year Treasury yields both gapped down to the lowest since July 2016, while the 30-year yield’s gap extended to a new record low. Crude opened lower, though its falling gap […]
Gold In A Golden Saucer
Gold bulls look too aggressive, while Gold futures have entered into a “Gold Saucer” in a monthly chart. Watch my video on Gold below. Disclaimer 1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance […]
Energy Report: Time To Panic?
Is this the virus scare pandemic that we have all worried about? Fear is beyond reason and it is reasonable to be fearful. Concerns of the virus spreading around the global and fears of more oil demand destruction as cities are shut down. Vox reports that as of Sunday, there […]
Crude Oil Feb 25 Preview
Crude Oil: Ahead of a weak support line on the weekly. Crude Oil Feb 25 Preview 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 […]
Oil Returned To Decline, Seeking Out A New Bottom
Oil opened the week with a more than 3% drop to near $56 per barrel of Brent and below $52 per WTI. The oil “mini-reversal” occurred along with the stock markets and echoed their dynamics, confirming that economic growth sentiment is currently the determining factor in the oil price. At […]