Oil N' Gold - Resources for Serious Traders
Energy and Precious Metals Technical Analysis
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Jul 03 15 04:51 ET
Oil moved bearishly below moving averages and that could be a motivation for extending the bearishness towards 55.55 as far as 57.40 holds. It is worth mentioning that, RSI trades near 30.00 and thereby, we may witness huge fluctuation.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Jul 03 15 04:50 ET
Yesterday's defined target at 1157.00 was reached yesterday where traders met 113% Fibonacci. Currently, gold trades below moving averages 20 and 50, while ADX attempts to overlap bullishly. Trading below 1171.00-1172.00 prevents us from predicting bullish scenario ahead of the weekly closing.
Read more...
 
Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Thu Jul 02 15 23:48 ET
SPOT GOLD closed lower on Thursday. The midrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline, March's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
Read more...
 
Gold: Moment Of Truth Print E-mail
Analysis | Commodity Technical Analysis | Written by Forex.com | Thu Jul 02 15 21:57 ET
We have repeatedly commented that gold's near term outlook does not look bright because of the apparent lack of interest from investors worried about the crisis in Greece. Whereas the European stock markets have fallen quite dramatically in response to the deteriorating Greek situation, the precious metal has barely shown much reaction. Admittedly, this has been in part because of the strength of the US dollars, which has been climbing steadily higher this week in anticipation of today's US jobs report. As it turned out, the headline June NFP print of 223,000 missed the expectations slightly and revisions took away 60,000 jobs from the previous couple of months' readings. On top of this, the average hourly earnings were unchanged compared to May. And although the unemployment rate did fall noticeably to 5.3%, this was primarily due to a sharp drop in the labor force participation rate to its lowest level since 1977. So, it was not as good a jobs report as had been expected. This caused the greenback to drop back somewhat, lifting the dollar-denominated gold off the lows.
Read more...
 
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Thu Jul 02 15 06:15 ET
Oil declined yesterday, as we anticipated in our updates and the key 58.00.-57.70 was breached. Hence, we remain bearish after hitting 23.6% where SMA20 exists, while 38.2% at 55.55 could be the next target.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Thu Jul 02 15 06:13 ET
Gold approaches the previous suggested technical targets near the lows of 1162.00. Breaching this level will take the metal towards 1157.00 and 1150.00, while bears power increases on ADX.
Read more...
 
Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Thu Jul 02 15 00:16 ET
SPOT GOLD closed lower on Wednesday. The midrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends last week's decline, June's low crossing is the next downside target. Closes above the 10day moving average crossing would temper the nearterm bearish outlook.
Read more...
 
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Wed Jul 01 15 05:56 ET
Crude oil has stabilized below moving averages, but failed to stabilize below 58.25, marked by 23.6% Fibonacci. In fact, consecutive failures to hit SMA50 suggest bearish actions, reinforced by negative signs on ADX, while breaching 58.25 will accelerate.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Wed Jul 01 15 05:55 ET
Gold has moved below 1171.00 support, but succeeded to inch higher again. However, the bullish actions were capped by SMA20 and SMA50. The bearishness remains favored, as trading below 1179.00 is a negative sign.
Read more...
 
Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Wed Jul 01 15 01:31 ET
SPOT GOLD closed lower on Tuesday. The midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible nearterm. Closes above the 10day moving average crossing would tamper with the nearterm bearish outlook. If August resumes last week's decline, June's low crossing is the next downside target.
Read more...
 
Gold: Safe Haven No More? Print E-mail
Analysis | Commodity Technical Analysis | Written by Forex.com | Tue Jun 30 15 22:49 ET
One of the big themes we've been exploring this week as the Greek debt negotiations deteriorate (see my colleague Kathleen Brooks' latest analysis of the situation here) is the appeal of so-called “safe haven” assets. Most traditional safe haven assets are acting as expected, with money flowing into the Japanese yen, US dollar, US Treasury bonds, and the Swiss franc (though the SNB's decision to intervene in its currency may redirect some of that capital toward the British pound), but there has been one notable laggard: gold.
Read more...
 
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Tue Jun 30 15 04:57 ET
Oil has been moving around 23.6% Fibonacci at 58.25 along with consecutive attempts to stabilize below it. SMA20 and SMA50 are covering the movements from the topside and this is also a negative sign.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Tue Jun 30 15 04:56 ET
Gold failed to maintain levels above 38.2% at 1189.25 and trading remains below SMA50-colored in red- therefore, we prefer to be neutral. Falling below 1179.00 and 117.65 could bring the bearishness back into focus, as breaching through this level will send the metal again towards 1162.00 and beyond.
Read more...
 
Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Tue Jun 30 15 00:49 ET
SPOT GOLD closed lower due to short covering on Monday. The midrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 10day moving average crossing would temper the nearterm bearish outlook. If it extends last week's decline, June's low crossing is the next downside target.
Read more...
 
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Mon Jun 29 15 05:03 ET
Oil prices are stabilizing below 59.95.-60.00 while stability below these levels is negative factor and may cause additional debasement. We need to witness another break below 57.80 and 57.10 to affirm the wave.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Mon Jun 29 15 05:02 ET
Gold failed to maintain levels below 1171.00 and that is technically why it moved upwards, trading above SMA20 and SMA50. To affirm the bullish extension, it should take out 1185.00 with a four-hour candle.
Read more...
 
IMM Positioning: Still Decent Room For USD Longs To Be Added Print E-mail
Analysis | Commodity Technical Analysis | Written by Danske Bank | Mon Jun 29 15 04:00 ET
Investors on the whole became more bearish on both EUR and JPY in the week ending 23 June. Notably, net EUR positioning is now back in stretched short territory again – JPY still a little way from being stretched short on our metrics. The heightened uncertainty around Greece heading into this week suggests however that a cross such as EUR/JPY will most likely be in for a sell-off despite the already stretched positioning in this direction.
Read more...
 
GOLD - 1,169/62 Zone Provides Support Print E-mail
Analysis | Commodity Technical Analysis | Written by FXTechStrategy | Sun Jun 28 15 21:45 ET
GOLD - GOLD may have closed lower and remains vulnerable but while it trades above the 1,169/62 support zone, a move higher cannot be ruled out. Support comes in at the 1,170.00 level where a break will aim at the 1,160.00 level. A cut through here will open the door for move lower towards the 1,140.00 level. Below here if seen could trigger further downside pressure towards the 1,120.00 level. Conversely, resistance resides at the 1,190.00 level where a break will aim at the 1,200.00 followed by the 1,210.00 level. A violation of here will turn attention to the 1,224.00 level followed by the 1,250.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, All in all, GOLD continues to face corrective pullback threats.
Read more...
 
Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Jun 26 15 05:21 ET
Oil is presently trading below the main support line seen on the graph, while moving averages started to cover the movements as well.Trading below 60.00 psychological is a negative catalyst and that caused bullish failure over intraday basis.
Read more...
 
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Jun 26 15 05:20 ET
Gold has been trading within the same narrow range, as bears failed to take out 1171.00, which represents 13% Fibonacci. Meanwhile, gold remains covered by moving averages 20 and 50 although RSI is neutral. ADX shows weakness in the trend and therefore, we will be neutral due to the contradiction between technical signs.
Read more...
 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »


JPAGE_CURRENT_OF_TOTAL