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Gold Weekly Technical Outlook + MORE

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Greek Talks Failed Again

– oilngold.com

With US market closed on President’s Day on Monday, the focus was on Europe, in particular the meeting between Greece and its creditors. Talks again in stalement over the weekend, but investors remain hopeful that a deal would be reached in later negotiations. In the commodity sector, the Brent crude contract steadied following the rally last week…

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Vancouver, BC, Canada – February 17, 2015 Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) reports that Ian Slater, has resigned as a director of Miranda, in order to focus on Red Eagle’s development of the San Ramon project in Colombia. He has served as a non-executive independent director and most recently audit committee chair since December 10, 2007…

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Crude oil rebounded amidst news of supply disruption in some exporting countries, such as Iraq, capex reduction by oil companies and further decline in rig counts. However, the weakness in the underlying fundamentals suggests that the rallies should not sustain. Growth in oil output would stay strong in coming months and should be a key factor weighing on oil prices…

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Gold’s pull back from 1307.8 extended further last week and is now pressing 55 days EMA. The development continues to suggest that rebound from 1130.4 has completed at 1239.0 already. Deeper decline will remain in favor as long as 1251.0 resistance holds. Current fall would target 1167.3 support first…

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Crude oil’s consolidation from 43.58 short term bottom continued last week. Further rise could still be seen to 55 days EMA (now at 54.04). Sustained break will target a test on 68.09/69.54 cluster resistance zone, 38.2% retracement of 107.73 to 43.58 at 69.54. Nonetheless, we’re not considering the chance of trend reversal as long as 68…

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Silver’s pull back from 18.505 was contained at 16.54 and recovered. The structure of such decline now argues that it’s possibly only a correction. That is, rise from 14.155 might not be over yet. Also, Silver was supported well by the 55 days EMA. Thus, near term focus is now turned back to 17.75 resistance…

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