Oil N' Gold - Resources for Serious Traders
Oil N' Gold Focus Reports
Volatile Trading Caused by Mixed US Economic Data Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jul 31 08 12:05 ET

Q2 GDP report by the Commerce Department was disappointing. Economic grew at a 1.9% pace, compared with the expected 2.3%. GDP revisions also showed a recession may have started in the fourth quarter of last year.

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Fasten Your Seatbelt! Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jul 30 08 13:33 ET

Volatility is increasing as investors become very sensitive to every bit of news and data. They hope to grab at least some hints on the direction of a direction-less market.

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A Ray of Hope in US Economy? Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jul 29 08 13:55 ET

Rebound of commodity prices was short-lived. Oil price resumed recent fall from all time high $147.27 after release of better than expected economic data on US morning.

As an indicator of US private home price outlook, S&P/CaseShiller Composite-20 fell by 15.8% in May compared with the same period last year. This was a record decline since its inception in 2000.

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A Contest of Strength: Oil Demand vs Supply Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jul 28 08 13:14 ET

Is recent fall of crude oil completed or is it just taking a breath? WTI Futures for September delivery inches higher on Monday after holding above Friday’s $122.5 low. This morning’s rebound is probably due to increased geopolitical tension which can limit supply.

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Commodity Prices Selloff Continued; Oil Led The Fall, Gold Lost Glitter Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jul 24 08 03:03 ET

September crude futures fell $3.98 to settle at $124.44/bbl on NYMEX yesterday, the lowest since Jun 4. In Asian morning, further weakness to $123.89 was brought by another demand report in Japan. In London, Brent crude also tumbled $4.26 to close at $125.99/bbl yesterday.

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A Throwback to Last Week's Free Fall - Oil and Gold Declined as Dollar Strengthened Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jul 23 08 01:36 ET

Yesterday, light, sweet crude for August delivery settled lower by $3.09, or 2.4%, at $127.95 a barrel on NYMEX its lowest close since June 5. Brent crude September contract on the ICE also settled $3.06 lower at $129.55 a barrel.

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