Gold trading lower and now testing key level…..again
The metronomic price action for gold is continuing to play out once again on the daily chart, with the rally of late September starting to […]
2016
OPEC gives crude oil a boost
Crude oil managed to find some bullish momentum last week largely as a follow through to the OPEC meeting which announced it would be cutting […]
VIX continues to test support as the NQ leads
Last week was another where the strong platform of support below the 12 region for the VIX remained unbroken as the index closed at 13.29 […]
Copper pauses at key technical level
The bullish trend for copper that I signaled in a post earlier in the month, now appears to have come to a halt, with the […]
The dollar, the yen and the euro awaken from their slumbers
It was another lacklustre day yesterday across the markets as a constant stream of the great and the good expressed their views on the future […]
Gold continues to remain rangebound
The technical support platform in the $1305 per ounce area came to the rescue of gold once again last week, with five consecutive days of […]
The big yawn for many, but not for equities
One of the greatest fictional characters ever created was archetypal fictional detective Philip Marlow, so wonderfully portrayed on screen by both Humphrey Bogart and Robert Mitchum […]
Will the FED provide the catalyst for gold?
As summer transitions into Autumn, there seems to be little change in the sentiment for gold, which continues to remain rangebound on the daily chart, […]
NQ emini back as leader of the pack
Some are born to lead and others to follow, and the NQ emini has once again regained its rightful place as leader of US equity […]
Oil supply glut continues to weigh heavily
Despite comments from Venezuela suggesting an agreement to cut output, that has resulted in a bounce for oil this morning, last week was another negative […]
Cable in consolidation ahead of BOE
The positive sentiment towards the British pound as the result of much better than expected PMI data earlier this month appears to have run its course, […]
Yen index set for explosive breakout
With the markets awash with rumour and speculation concerning the Bank of Japan and its plans to reduce rates still further, and into negative territory, […]
US dollar index continues in congestion on daily chart
As the talking heads of the FED continue to posture and strut on the world stage, driving markets to distraction and traders to tear their […]
Copper receives a boost from China
Copper received a much needed boost overnight from China with both factory output and retails sales increasing at a faster pace than expected in August, […]
IEA revision increases the pressure on oil
This morning’s IEA supply report has suggested demand would remains weak into 2017, and with a downward revision to its demand forecast, this has added […]
Silver looks to the USD for help
Yesterday was, once again, another negative day for silver, which continued lower for a fourth consecutive session, opening gapped down from Friday’s close before ending at […]
CRB index continues to remain bearish
The The weekly chart for the CRB index once again confirmed the weakness for the commodity sector in general, closing at 183.46 and well off […]
Fear stalks the daily chart for the VIX
Friday’s sharp move lower for US equities was duly reflected in the VIX which closed the week with a wide spread up candle, moving from […]