WTI oil futures continue to build bullish momentum
Whilst one swallow does not a summer make, it was another positive day for the price of oil yesterday, with the WTI June futures contract […]
2015
Volatility ebbs away for gold as it continues to consolidate
With the US dollar currently in a consolidative phase, gold is also pondering its next move as it continues to trade within a tight range. […]
US dollar index continues to consolidate
Last Friday’s non farm payroll almost came and went with a whimper, and whilst the headline number was in line with expectation, and certainly an […]
A day is a long time in politics … and for the GBP/USD!
They say a week is a long time in politics, but given the events of the past 24 hours perhaps we can now say […]
Spot the buying on the YM emini – and no prizes
One of the most popular weekly competitions that used to run in the newspapers here in the UK was called ‘Spot The Ball’. The object […]
Gold consolidating and moving to test key support…again
The extended consolidation phase for gold has continued once again this week with no end in sight just yet, and with bond markets now in […]
WTI oil continues to move higher ahead of inventories
It was another positive day for crude oil which continued its recent bullish momentum, moving firmly through the $60 per barrel price point to close […]
USDX at key tipping point this week
After the big fight at the weekend, the focus has shifted from Las Vegas back to Wall Street where the heavyweight contenders are now taking […]
CRB index now testing a key level
For commodities, and in particular some of the ‘premier league’ stars such as oil and copper, the last twelve months has seen sustained falls with […]
Mining and commodity stocks reflecting bullish momentum
With the CRB index now rebasing and base commodities starting to recover, mining and mining related stocks are now also reflecting the general uptrend, with […]
Bullish momentum continues for copper prices
Last week was another positive one for the price of copper, which continues to push its way higher, following the sustained downwards trend of 2014, […]
Oil builds bullish momentum following breakout
Much like gold, this was an interesting week for oil which until Thursday, had struggled to breach the well developed area of resistance that had […]
An exciting week ahead for traders in the GBP
Much as expected the recent bullish trend for Cable came to a shuddering halt on Friday, with the GBP/USD selling off sharply and wiping out […]
Gold…..good news for speculators, bad news for investors
It was an interesting week, to say the least, for gold traders and investors, with the former no doubt enjoying the dramatic and volatile moves […]
Aussie Aussie Aussie – go go go
Much like the Australian cricket team who continue to dominate on the pitch, in the world of currencies it is the Australian dollar which has […]
Another bearish week for silver
Much as for gold, silver futures continued to remain heavily bearish once again last week on the daily chart, as last Monday’s wide spread down […]
A significant move for gold on the daily chart
Gold finally capitulated on Friday, throwing in the towel and breaking dramatically through the key platform of support, which until then had managed to provide […]
Resistance continues to build for crude oil advance
For long term oil traders it’s been another week where patience will be rewarded in due course, as the commodity continues to test the $58.50 […]