Oil N' Gold - Resources for Serious Traders
Oil N' Gold Focus Reports
SNB Surprisingly Trimmed Rates to Negative Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Dec 19 14 00:50 ET
Crude oil resumed the decline on supply concerns while equities generally strengthened. The market remained positive as the Fed was upbeat over US growth but showed no imminence to rate hike. Meanwhile, heightened speculations that the ECB would include sovereign debt buying in January and SNB's unexpected rate cut also lifted sentiment.
Read more...
 
Crude Prices Recovered as Inventory Drew and FOMC Statement Remained Dovish Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Dec 18 14 00:27 ET
Crude oil prices reversed losses and ended the day higher as DOE/EIA showed decline in US crude inventory and the dovish Fed tamed early tightening speculations. The front-month contract for WTI crude oil gained +0.97%. The Brent crude contract climbed higher for the first time in 6 day and settled +1.95% higher. Gold steadied and settle below US$ 1200/oz.
Read more...
 
Volatile Markets Driven by Macroeconomic Data and Geopolitical Tensions Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Dec 17 14 00:34 ET
Financial markets had a volatile day as driven by mixed macroeconomic data and escalation of geopolitical tensions (Taliban attack in the Pakistani city of Peshawar, leaving 141 people dead). Stock markets fluctuated and moved with crude oil prices. Wall Street initially dropped on disappointing US factory and housing data but reversed the losses due to strength in oil stocks in the middle of the day.
Read more...
 
WTI Approaching US$50/bbl Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Dec 16 14 00:49 ET
Crude oil extended another leg of decline, erasing earlier rebounds, as UAE oil minister Suhail Al-Mazrouei's comments intensified supply concerns. The front-month contract for WTI crude oil slumped to as low as 55.02 before ending the day at 55.91, down -3.29%. The Brent crude contract dropped to as low as 60.2 beofre settling at 61.06, down -1.28%.
Read more...
 
Voters Gave One More Chance to Abenomics Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Dec 14 14 23:57 ET
Japan's Nikkei 225 index rose today as the country's ruling coalition has won the majority in parliamentary elections. Prime Minister Abe's Liberal Democratic Party (LDP) will govern with the Komeito party as they together won 325 seats out of 475. The main opposition party, the Democratic Party of Japan, won 73 seats, an increase of 11.
Read more...
 
Crude Oil Weekly Technical Outlook Print E-mail
ONG Focus | Technical | Written by Oil N' Gold | Sat Dec 13 14 22:41 ET
Crude oil's fall accelerated again last week and reached as low as 57.34. Near term outlook stays bearish and current fall should target 261.8% projection of 112.24 to 91.24 from 107.73 at 52.75 next. Sustained break there will turn focus back to 33.2 long term bottom. On the upside, break of 63.72 support turned resistance is needed to be first sign of short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
Read more...
 
Natural Gas Weekly Technical Outlook Print E-mail
ONG Focus | Technical | Written by Oil N' Gold | Sat Dec 13 14 22:40 ET
Natural gas recovered mildly ahead of 3.541 low and bias is turned neutral for this week. Outlook is unchanged. Price actions from 3.541 low is viewed as developing into a sideway pattern. Hence, while deeper decline could be seen, we'd expect strong support around 3.541 to contain downside and bring rebound. Above 4.041 will start another rising leg. But in that case, we'd expect strong resistance around 38.2% retracement of 6.493 to 3.541 at 4.669 to limit upside.
Read more...
 
Gold Weekly Technical Outlook Print E-mail
ONG Focus | Technical | Written by Oil N' Gold | Sat Dec 13 14 22:39 ET
The recovery from 1130.4 extended higher last week and further rise could still be seen. But still, the structure of such rise is corrective and carries bearish implication. That is, the larger down trend isn't over. Thus, we'd expect strong resistance below 1255.6 resistance to bring near term reversal. Below 1186.4 will bring retest of 1130.4 low.
Read more...
 
Silver Weekly Technical Outlook Print E-mail
ONG Focus | Technical | Written by Oil N' Gold | Sat Dec 13 14 22:38 ET
Silver's rebound from 14.155 short term bottom extended higher last week and broke 38.2% retracement of 21.63 to 14.155 at 17.01. Further rise could still be seen but we'd expect strong resistance around 18.61, 61.8% retracement at 18.775 to limit upside and bring near term reversal. Meanwhile, break of 16.165 support will turn focus back to 14.155 low.
Read more...
 
Weekly Fundamentals - WTI Crude Broke Below US$60/bbl as Agencies Downgraded Demand Outlook Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sat Dec 13 14 09:02 ET
Pessimistic oil demand outlook triggered another round of crude selloff. The front-month contract for WTI crude oil broke below US$60/bbl for the first time since 2009 and ended the week -12% lower. The Brent crude contract also slumped more than -10%. Following the OPEC's monthly report which downgraded the global oil demand outlook, the Paris based IEA also cut its forecast.
Read more...
 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »


JPAGE_CURRENT_OF_TOTAL