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 […]
Commodity Market Analysis
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 […]
Is silver signalling the next move for gold?
Despite the lack of any meaningful news, yesterday was another interesting one for metal traders, with both gold and silver offering excellent intra day trading […]
Gold and silver both stuck in a narrow range
For gold and silver traders, it was another week which saw both metals move in a narrow range with the regions clearly defined on the […]
Finally something to cheer about for oil bulls
It’s been an interesting week for crude oil, which finally managed to find some bullish momentum, with only Friday’s close lower just failing to make […]
A key breakout for the USD/CAD on the daily chart
An extremely significant day for the USD/CAD yesterday, which finally ended its extended phase of congestion, a period of price action I have referred to […]
Gold and silver now testing key support levels
Today could be a seminal one for our the celestial metals of gold and silver, as each approach key technical levels on the daily […]
Silver picking up bearish momentum
In all the media coverage about gold silver is often its forgotten cousin, and yet just like the precious metal, silver too has been battling […]
A double whammy for oil
The short term rally for crude oil came to a shuddering halt this evening, as two items of fundamental news helped to push the commodity […]
Crude oil remains heavily bearish with oil inventories coming!
Both the technical and fundamental picture for oil continue to remain heavily bearish, and even the short term effects of the problems in the Yemen, […]
Natural gas breaking down
Whilst fundamentals and weather play a huge role in driving the price action for natural gas, the technical picture is now increasingly taking centre stage […]
Gold rally running out of steam….again
This week’s rally in gold, spurred by the combined effects of a weaker US dollar and tensions in Yemen which saw the precious metal touch […]
All hands to the pump failing to keep oil afloat
In viewing the daily chart for oil, several analogies come to mind, and perhaps the best and most descriptive is of an old tramp steamer, […]
Oil remains under pressure on all sides
From a technical perspective, last week was a seminal one for crude oil with the commodity finally breaching the platform of support in the $48 […]
The sonic boom…..was in gold!
For those of you reading this who remember Concorde, the last of which flew in 2003, you may also remember that it was one of […]
Silver now at the tipping point
The technical picture for silver continues to remain extremely bearish following the weak rally of late February, which saw the metal run into resistance in […]
Silver and gold both approaching key technical levels
With equity markets continuing to maintain their bullish tone, albeit in a rather muted phase of price action at present, the outlook for gold, and […]
Oil picks up bearish momentum…again
Much as expected, the recent ‘rally’ for oil has been short lived, and as rumour and speculation swirl around the markets, with OPEC meetings first […]