David Becker
David Becker
David Becker is a finance writer and capital markets analyst. With more than 20 years of experience in trading, he runs a consulting business that focuses on investing, risk management and derivatives hedging. Becker holds a B.A. in economics from Franklin and Marshall College.
Contact:davidbecker@fxempire.com

    Recent Activities

    • Scalping, Swing and Long-Term Trading Strategies: A Complete Guide

      Scalping, Swing and Long-Term Trading Strategies: A Complete Guide

      There are many different trading styles, and some of them will fit your trading personality. Each trading style, whether long-term or short-term, will allow you to generate gains if you combine it with a robust risk management strategy. Prior to developing a trading strategy, you should determine if you want

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    • Natural gas daily chart, July 19, 2018

      Natural Gas Price Prediction – Prices Dip but are Unchanged for the Week

      Natural gas prices moved lower on Friday, unable to pierce through short-term resistance near the 10-day moving average at 2.77. Cooler than normal weather is expected to cover most of the United States for the next 8-14 days, which should reduce cooling demand. This past week, injections where less than

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    • Comex Gold

      Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates

      The dollar moved lower following commentary from President Donald Trump who did and interview and a follow up tweet describing his displeasure with the rise in interest rates, along with the rise in the dollar. This helped gold prices gain a foot hold and move higher. Gold prices were unable

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    • Natural Gas

      Natural Gas Price Prediction – Prices Rebound Following Lower than Expected Inventory Build

      Natural gas prices surged 1.7%, rallying from support levels, following a smaller than expected build in natural gas inventories reported on Thursday by the U.S. Department of Energy.  The lower than expected build has flattened the trajectory of builds leaving stocks well below the average of the 5-year range.  Prices

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    • Gold daily chart, July 19, 2018

      Gold Price Prediction – Gold Drops and then Pops Following Trump Comments

      Gold prices tumbled but closed off the lows of the session following news that Donald Trump said he hoped the Federal Reserve would not raise interest rates.  Initially the yellow metal was on the defensive as stronger than expected jobless claims and a robust Philly Fed survey buoyed the greenback

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    • Natural gas daily chart, July 16, 2018

      Natural Gas Price Prediction – Oversold Prices are Poised for a Rebound

      Natural gas prices continued to trend lower ahead of Thursday’s inventory report from the Department of Energy. Consensus for Thursday’s report is a build of 62 Bcf with a range of 54 Bcf to 72 Bcf. Natural gas inventories are below the 5-year average and close to the lower end

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    • Comex Gold

      Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data

      Gold prices rebounded from session lows following the softer than expected U.S. housing starts data which knocked down the dollar and paved the way for a rebound in the yellow metal. Gold prices formed a doji day with a long tail, which is generally a sign of indecision, but the

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    • Natural Gas

      Natural Gas Price Prediction – Prices Continue to Trend Lower

      Natural gas prices formed an outside day. This occur when the high was higher than the prior days high and the low was lower than the prior days low, as the close was lower. This is generally considered a reversal signal, but in this case its only reversing Monday’s up

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    • Comex Gold

      Gold Price Prediction – Gold Sliced Through Support Targeting the $1,200 Region

      Gold prices tumbled on Tuesday, as commentary from Fed Chair Powell, allowed the greenback to gain traction. Italian orders and sales were much stronger than expected but failed to offset the gains in the dollar.TechnicalsGold prices drop sharply on Tuesday slicing through former support which were the July and December

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    • Natural gas daily chart, July 11, 2018

      Natural Gas Price Prediction – Gas Trades on the Defensive as Demand Dips

      Natural gas prices rebounded on Monday, after hitting a fresh 2-month low. Prices made a lower low and a lower high which is a sign of a downtrend. The weather pattern released by NOAA in the afternoon in the U.S. on Monday shows warmer than normal weather covering most of

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    • Comex Gold

      Gold Price Prediction – Gold Holds Support but Momentum is Turning Negative

      Gold prices were little change on Monday initially attempting to move higher but failing and closing slightly lower. Prices are hovering near support, and Monday’s U.S. retail sales did little to buoy the yellow metal. Later in the week, Fed Chair Powell will testify in front of congress, with expectations

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    • Natural gas daily chart, July 11, 2018

      Natural Gas Price Analysis – Prices Form Inside Day Despite Meager Inventory Build

      Natural gas prices eased lower on Thursday despite a smaller than expected build in natural gas inventories. The mild weather that is expected to cover most of the United States for the next 8-14 days has generated headwinds. Prices slipped nearly 1%, forming an inside day which is a lower

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    • Gold daily chart, July 11, 2018

      Gold Price Prediction – Gold Rebounds Following Strong U.S. CPI

      Gold prices moved higher on Thursday rebounding from session lows, as stronger than expected U.S. CPI data buoyed prices of the yellow metal. Strong jobless claims, failed to buoy the greenback, which paved the way for higher gold prices. Resistance is seen near the 10-day moving average at 1,251.  Support

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    • Natural Gas

      Natural Gas Price Prediction – Rebounds but Trend Points to Lower Prices

      Natural gas prices bounced from session lows making a lower low which keeps the downtrend in place. This comes despite a rebound in price action which saw prices close up 1.3%, but unable to take out Tuesday’s highs. Traders await Thursday inventory report from the Department of Energy. While producer

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    • Comex Gold

      Gold Price Prediction – Gold Tumbles as White House Introduces New Chinese Tariffs

      Gold prices tumbled as the White House announced a list of tariffs on China that totals $200 billion. The list of 10% tariffs on $200 billion in Chinese goods, as the president’s recent threats to escalate a broadening trade war with Beijing came to fruition. The tariffs will not go

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    • Natural gas daily chart, July 10, 2018

      Natural Gas Price Prediction – Prices Poised to Test Support as Momentum Turns Negative

      Natural gas prices moved lower dropping 1.4% despite a forecast of warmer than normal weather by NOAA. Cool weather is expected to move into the mid-west which might reduce cooling demand. Prices are headed for support near an upward sloping trend line that comes in near 2.67. Resistance is seen

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    • Comex Gold

      Gold Price Prediction – Gold Whipsaws as Sentiment Drops

      Gold prices initially moved lower as the Euro lost ground following softer than expected housing price inflation as declining sentiment.  The ECB’s Visco was on the tape describing the need to be cautious on Italy’s deficit spending. Gold rebounded from session lows but was down on the day.  Prices are

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    • Natural Gas

      Natural Gas Price Prediction – Prices Slip as Warm Weather Cools

      Natural gas prices edged lower on Monday, as the 8-14 day forecast moderated.  Prices fell through support now resistance near the 200-day moving average at 2.87. Target support on natural gas is seen near an upward sloping trend line that comes in near 2.67. Momentum has turned negative as the

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    • Comex Gold

      Gold Price Prediction – Prices Move higher as Momentum Turns Positive

      Gold prices moved higher on Monday but close off session highs.  Prices were buoyed as the Euro initially generated gains following the stronger than expected German trade surplus. Solid exports busted the Euro which paved the way for higher gold prices. This comes despite Friday’s stronger than expected payrolls report,

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    • Comex Gold

      Gold Price Prediction – Gold is Buoyed by Strong German Industrial Production

      Gold consolidating ahead of the U.S. employment report. Thursday’s previews showed a weaker than expected ADP private payroll report and a subdued challenger report.  Recent increases in the jobless claims data is also weighing on the employment picture, as trade tariffs begin to take their toll on the U.S. economy.

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