Analysis
Asia Market Preview Gold, SIlver and Oil Prices
US Gold futures prices finished pit trade a bit higher, but off the early session highs Thursday. Gold, Silver and Crude Oil Trading. US Gold futures prices finished pit trade a bit higher, but off the early session highs Thursday. A strengthening USD index prompted the precious Yellow metal to back off its daily high. Jun Gold last traded + 5.00 at 1,553.00 oz.
By Paul A. Ebeling, Jnr. | 8:49 pm | LiveTradingNews
Commodities Rise Despite Dismal Chinese, Eurozone PMIs - Why?
Risk appetite trends appear to be shrugging off softer Chinese and Eurozone PMI figures, with European shares on the upswing and growth-geared crude oil and copper prices following suit. Meanwhile, waning haven demand is pressuring the US Dollar, allowing an upside correction for anti-fiat gold and silver prices.
By Ilya Spivak | 2:58 pm | DailyFX
No Deal Expected from the EU Meeting
The market was in a "risk off" mode as investors worried that the informal EU summit (which is still ongoing) would not finalize measures to resolve the Greek issue. Wall Street initially declined sharply but then reversed in the late session amid encouraging US data. The DJIA ended the day losing -0.05% while the S&P 500 added +0.17%.
8:10 am | Oil N'Gold
Asia Preview Gold, Silver, Copper and Crude Oil Trade
Asia looks at Gold, Silver, Copper and Crude Oil Trade. US Gold futures prices finished pit trade sharply lower on Wednesday as the Bulls faded after showing a bit of strength late last week. Precious metals, like other raw commodity markets, were pressured by risk-aversion in the market Wednesday, including Bearish outside markets a sharply higher USD Index and sharply lower Crude Oil prices.
By Paul A. Ebeling, Jnr. | May 23 | LiveTradingNews
May 23rd- Have the Small Cap Stocks Bottomed Yet?
The IWM ETF represents the Russell 2000 small cap growth index. This ETF peaked at 84.66 this spring and has fallen in the the 74′s before the recent two day bounce. What we are looking at is a possible 5 wave rally from October into March, and now a possible 3 wave correction (Wave 2) of 38-50% of that entire 5 wave rally.
By David A. Banister | May 23 | MarketTrendForecast
Iran Hopes to Export Electricity to Cover for Reduced Oil Demand
Against the backdrop of discussions about pending negotiations over its controversial nuclear program and the upcoming deadline of an European embargo on Iranian oil comes a quiet push by the Islamic republic to become a major electricity exporter.
By Daniel Graeber | May 23 | OilPrice.com
Oil Prices Remain Pressured Despite Less than Expected Inventory Gains
According to the DOE/EIA weekly report, total crude oil and petroleum products stocks gained +1.06 mmb to 1075.03 mmb in the week ended May 18. Crude stockpile increased +0.88mmb to 382.53 mmb as stockpiles 4 out of 5 PADDs. Cushing stock alone added +1.67 mmb to 46.80 mmb. Utilization rate decreased -0.2% to 88.1%.
May 23 | Oil N'Gold
Oilhit with another round of selling on Tuesday
As I mentioned in Tuesday's newsletter the rest of the week will be very volatile and the markets will be trading around the 30 second news snippets that hit the media airwaves from Europe. In addition the upcoming weekend is a long holiday weekend in the US and market participation and liquidity is going to slow down quickly as we get into the second half of the trading week.
By Dominick A. Chirichella | May 23 | CME Group
Commodities Tumble Along with Stocks Before EU Leaders Summit
Commodities are sinking in early European hours as risk appetite evaporates ahead of today's EU leaders' summit. Traders are pondering an endgame to the latest debt crisis flare-up that may include Greece's exit from the Eurozone, an unprecedented outcome with no clear-cut benchmark for its implications for the financial markets.
By Ilya Spivak | May 23 | DailyForex
Coffee Technical Analysis
COFFEE Futures close lower on Tuesday and the lowrange close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, weekly support crossing is the next downside target.
May 23 | HY Markets
Natural Gas Technical Analysis
NATURAL GAS closed higher on Tuesday and the highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off last week's low, February's high crossing is the next upside target.
May 23 | HY Markets
Crude Oil Daily Outlook
CRUDE OIL closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the 62% retracement level of the 20112012rally crossing is the next downside target.
May 23 | HY Markets
