Archive for the ‘Commodity’ Category

Daily Technical Outlook – Commodity

Daily Technical Outlook - Commodity
Gold fell sharply for the second time and managed to touch the 50% Fibonacci retracement level and closed right near support level 1664.40. Analysis of gold today is expected to further bearish move, in the range 1643.45 - 1679.00. This negative sentiment came after two days and failed to penetrate the MA120 and MA24. Based on ...
Full story

Daily Fundamental Outlook – Commodity

Crude oil rose on Wednesday caused by U.S. crude oil inventories are smaller than analysts' estimates and the Fed had announced will consider the issue of a new type of bond repurchase. The U.S. Energy Information Administration said oil supplies rose only 800 thousand barrels, lower than analyst estimates that 1 million barrels. This causes the price of crude oil on NYMEX rose to 106.53. However, ...
Full story

Daily Outlook – Commodity

Gold sank to the level of $ 1,663 per ounce on Tuesday as fears of a worsening global economy. What is interesting is the closing of the gold in Tuesday trading session was the first under $ 1,700 since January 24. The strengthening dollar also weighed on prices of gold and crude oil. Greek issue re-emerged after reports of a company that helps negotiate a swap ...
Full story

Daily Outlook – Commodity

Gold fell again, continuing the sell-off that occurred in the previous session. Gold fell sharply last week up to 4.3% after Bernanke's statement in the presence of the legislature. Bernanke was reluctant to talk about details of the third phase of quantitative easing. In fact, this policy became a pillar supporting the bullish movement of gold in recent years. According to Charles Nedoss, senior market researcher ...
Full story

Daily Outlook – Gold and Oil

The fall of crude prices on Friday due to the objection to the news of Saudi Arabia attacked pipelines and rising U.S. dollar. Oil prices fell by more than 2% last week, cutting the profits of 6% in the last week. Previously, the issue concerns the disruption of oil supply dominate price movements in the market and give pressure on investors to buy oil contracts. But ...
Full story

Daily Outlook – Commodity

Gold rebounded on Thursday and managed to close at 1718.50 level. Gold need to go back to neutral like before the price fall on Wednesday to the half real body candle, although still strong pressure to switch safe-haven assets. The gold is expected to continue go back above the Tenkan Sen and MA24 which coincide at 1739.33 but 23% Fibo resistance at 1726.45 as the ...
Full story

Daily Outlook – Commodity

Gold experienced the first decline since the rally four days ago. Formation lower high and lower low appeared after a short day the previous day. Today, gold is expected to remain bullish support by safe haven appetite and in stochastic technical indicators. Bullish opportunity have to pass several resistances, which are the highest level at 1782.65 yesterday and the day before 1787.15. But the emergence ...
Full story

Daily Technical Outlook : Gold and Crude Oil

Gold had performed a short day candle pattern after 2 long white days as signs of weakening trend. Formation of higher high and higher low was only formed during the six trading days. Analysis of gold estimated the price today is still surrounding by bullish sentiment. Based on technical indicators, an indication of the trend is still mixed as RSI still indicate a bearish divergence ...
Full story

Daily Technical Outlook : Gold and Crude Oil

Gold continued to rally yesterday and formed Marubozo candle pattern. The price of gold closed at 1758.75, overshoots 1756.20 resistance up to the highest level at 1759.80. Analysis of gold for today is expected to remain bullish supported by the stochastic break the highest level on February 3, 2012 at 1763.15 to 1778.30 next resistance. A correction moves below 1756.20 into 1742.75 is possible. Alert ...
Full story

Daily Outlook for Gold and Crude Oil

Gold opened gap up on Monday at 1732.45 after declining to 1717.35 last Friday. The gold opened above the tenkan sen level today which is on Friday act as resistance. Analysis of gold today is expected to continue bullish, as the appearance of higher high higher low in the last 2 days. RSI indicator which goldencross EMA RSI also supports the bullish trend with support ...
Full story
Page 1 of 212