Gold Weekly Technical Outlook – oilngold.com Gold’s rally continued last week and briefly touched mentioned target of 61.8% projection of 1045.4 to 1306.0 from 1199.0 at 1360.1. As it’s now close to long term fibonacci level at 1380.98, we’ll be … Continue reading →

Nigeria Attack Sent Brent Crude above US$50/bbl – oilngold.com Led by the energy sector, Wall Street moved higher with the S&P 500 index returning to the highest level in 7 months and up +0.49% at close. The DJIA index also … Continue reading →

Gold – a reasonable correction? – .goldmoney.com Gold weakened during May by about $100, from a high point of $1300 to a low of $1200. This, for technical analysts, is entirely within the normal correction zone of a third to … Continue reading →

Market Report: PMs consolidating further – .goldmoney.com Gold and silver drifted lower this week, dollar prices falling approximately 2.5% and 1.5% respectively. It is a continuation of the previous week’s trend, which saw larger falls. To date, from 1st January … Continue reading →

Higher-than-expected Decline in Crude Inventory Boost Oil Prices Further – oilngold.com Bigger-than-expected decline in US oil inventory lifted sentiment, sending energy prices and equities higher. The front-month WTI crude contract extended strength to a new 2016-high of 49.75 before ending … Continue reading →

Iron Ore Prices Slumped -6% on Supply Growth and Fed's Rate Hike – oilngold.com Commodities generally weakened, led by metals amidst rising US dollar and concerns over moderation of the global growth outlook as the Fed hikes interest rates in … Continue reading →

Equities Buoyed as Brent Approaches US$50/bbl – oilngold.com Wall Street firmed led by strong energy prices. Bigger than expected output disruption in Nigeria and positive views from Goldman Sachs have helped lift oil prices to 6-month highs. The front-month WTI … Continue reading →

Crude Oil Weekly Technical Outlook – oilngold.com Crude oil’s rally continued last week and outlook is unchanged. Current rise is expected to extend to 61.8% retracement of 62.58 to 26.05 at 48.63 next. Nonetheless, break of 43.03 support will indicate … Continue reading →

Market Report: Gold tests $1300 – .goldmoney.com On Monday, gold rallied to test the $1300 level, and silver $18.00. Given the sharpness of the move up in the last week of April, it was hardly surprising that some consolidation was … Continue reading →

Brent Crude Plunged -4% as OPEC Output Soared in April – oilngold.com Market sentiment improved modestly although trading volume in most of Europe was light due to holiday. Wall Street gained with DJIA and S&P 500 indices adding +0.66% and … Continue reading →

Dealing Desk: FOMC Boosts Precious Metal Prices – .goldmoney.com This week, clients have been net buying gold, silver, and palladium. Wednesday’s FOMC release seemed to spark more buying acitivity from our clients as they took advantage of the lower pricing … Continue reading →

Silver Weekly Technical Outlook – oilngold.com Silver’s strong rally continued last week and reached as high as 17.72. Current development affirms the case of medium term reversal. Outlook will stay bullish as long as 16.17 resistance turned support holds. Silver … Continue reading →

Natural Gas Weekly Technical Outlook – oilngold.com Natural gas’ sideway trading from 2.028 continued last week. Near term outlook stays bullish with 1.766 support intact. Above 2.028 will target 61.8% retracement of 2.495 to 1.611 at 2.157 next. Nonetheless, break … Continue reading →

Dealing Desk: Precious Metals not Surprised by FOMC Minutes – .goldmoney.com This week has been in favour of the sellers with clients net-selling their silver positions whilst gold positions have remained neutral. GoldMoney’s clients have continued to favour the Singapore … Continue reading →