Oil takes out a key price level
In my last post for oil I highlighted the well developed area of support at the $58 per barrel region and its significance to the […]
Commodity Market Analysis
Cause and effect for gold as congestion continues
An interesting technical picture for gold on the daily chart as the precious metal continues to trade in a narrow range, and as always with […]
A more sedate week for gold!
A more sedate week for gold after the turbulent price action of the previous week which saw the precious metal breakthrough $1600 per ounce on […]
Gold fails to hang on to gains
A check on the weekly chart for gold which has been both blessed and cursed by the hand of geopolitical events, and what is given […]
Short term correction or longer term reversal for oil?
Short term correction or longer term reversal? This is the question many longer term oil traders are considering and whilst it is early days to […]
Oil continues its bullish momentum
Oil is the second of our commodities much in focus today, with Friday’s knee jerk reaction to the geopolitical events propelling it higher on the […]
Plenty for gold and silver bulls to cheer about!
First of all may I wish all my readers around the world and very happy New Year and it’s good to see the markets back […]
Will silver shine in 2020?
Let’s now turn our attention to the precious metals, and rather than consider gold, move to silver which has had a roller coaster year, but […]
Oil building a bullish platform
Another chart which is technically interesting is that for West Texas Oil on the weekly chart. This is another market I follow closely and in […]
Bullish drivers for oil working in concert
As always, the technical and fundamental picture for oil is both mixed and confused with a variety of factors playing out for the commodity over […]
View on gold – it depends where you are standing
Your view on gold last week would depend on your perspective. As a gold bug or investor, it was a bad one which does not […]
The technical picture for oil looks positive
The weekly chart for oil is an interesting one from a technical perspective, with last week’s price action adding further weight to the argument that […]
Rally for gold runs out of steam
Last week was another topsy turvy ride for gold investors who were hoping for a further recovery in the precious metal and build on the […]
Powell testifies and the markets listen!
Trading is hard at the best of times, and made doubly so when someone as influential as Fed Chairman Powell is speaking which was the […]
Not a good week for gold bugs
Last week was not one to be remembered by gold bugs as the precious metal fell heavily and the technical resistance I highlighted last time […]
Trading gold futures, index futures and more on the volume point of control
Another great futures trading session, but starting with a roundup of the forex price action from earlier in the day, with the GBP/AUD once again […]
Gold and the US dollar
The daily gold chart is another I have commented on extensively over the last few years, and one aspect in particular which has been interesting […]
Gold US dollar relationship breaking down
Over the years I have written extensively about gold in all its various phases, and associated drivers, one such of course being gold’s correlation with […]