Boom – WTI oil price crashes through the floor on rising volume
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, and down […]
Commodity Market Analysis
Silver breaking up as technical fissures appear
Whilst the spotlight of the metals complex generally focuses on gold whose demise has been relentless, silver too is following the same path lower, and […]
Oil prices driven lower on fundamentals and technicals
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then […]
Gold drops again and takes out key level
For gold bugs, the second half of November had been one of hope. Hope the precious metal would finally find some much needed support, or […]
Oil taking centre stage on FED decision
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is […]
Gloom deepens for gold bugs
It was another gloomy day for gold bugs in yesterday’s trading session with the precious metal picking up bearish momentum once again following last week’s […]
Trap move on 5 min CL chart
It was business as usual for the big operators on the 5 minute chart for oil, with the trap move clearly evident immediately after the […]
Soybean futures finally break away – courtesy of USDA
For Soybean futures, yesterday was a seminal one from a technical perspective with the soft commodity finally breaching the strong platform of support that has […]
Silver Bears…..not Silver Bells
At this time of year with Xmas fast approaching, I am reminded of the classic Yuletide song Silver Bells, composed by Jay Livingston and Ray […]
Oil prices – not waving but drowning!
I’m sure you have read, or maybe come across the poem by Stevie Smith entitled ‘Not waving but drowning’ which in many ways encapsulates the […]
Still no good news for gold bugs or gold investors
Whenever I am about to put pen to paper to write about gold, I can feel the gold bugs breathing down my neck, and preparing […]
Silver bears back in control on the weekly chart
For silver investors, as indeed for gold bugs, it’s been a long hard road back as the metal continues to struggle to find any bullish […]
Gold rally over as longer term bearish trend reinstated
The longer term bearish trend for gold investors was reinstated with a vengeance yesterday, as comments from the FED finally added some structure to the […]
CRB index and oil prices move in lock step
If you were wondering where oil was heading next,longer term, and wanted an alternative view for the commodity then the CRB index is certainly one […]
The VPOC (volume point of control) now significant for gold in all timeframes
Dithering by the FED, coupled with associated weakness in the US dollar have both combined to provide gold bugs with some much needed good news […]
Patience pays off for oil traders as WTI market breaks away
For traders, one of the hardest disciplines to master is patience and for long term oil traders that patience is about to be rewarded. As […]
Gold continues to remain bearish longer term
Another dismal week for gold investors as the precious metal continues to reflect the longer term bearish sentiment, and with last Thursday’s surge higher failing […]
Patience required for trend traders of oil
One of the most difficult virtues a trader has to develop is patience, and even more so over the last few months where we have […]