Forecasts & Analysis | Commodities, Page 1
Crude Oil Price Update – Room to the Upside Over $52.65
On Tuesday, the market struggled early with a resistance cluster at $52.63 to $52.65. The key thing to remember about resistance clusters is that they also act as trigger points for accelerations to the upside. (Take a look at what gold did on Tuesday when it took out a price
Asia Open : It’s Not Where It’s Been, Its Where It’s Going “Earnings Don’t Move The Overall Market; It’s The Federal Reserve Board”
Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity.
Gold (GC) Technical Analysis Price Futures – Big Price Surge after Overtaking Resistance Cluster
Gold ran into resistance at a downtrending Gann angle at $1606.10. Trader reaction to this Gann angle will likely set the tone on Wednesday.
Silver Price Forecast – Silver Markets Explode To The Upside
Silver markets have rallied significantly during the trading session on Tuesday, breaking above the $18.00 level. The move of course has shown quite a bit of strength and as a result it looks like pullbacks will continue to be bought.
Crude Oil Price Forecast – Crude Oil Markets Still Trying To Base
Crude oil markets initially fell during the trading session based upon fear in Asia and the Chinese situation in general. Ultimately, this is a market that continues to suffer at the hands of lack of Chinese demand, but it appears that we are trying to form a base.
Natural Gas Price Forecast – Natural Gas Markets Rally Significantly
Natural gas markets gapped higher and rallied significantly during the trading session on Tuesday, breaking above the $1.95 level during that session. With colder temperatures coming, this makes sense but don’t lose sight of the fact that we are still very much in a downtrend.