Originally published by Cuffelinks Gold is the preeminent monetary metal, and throughout history to this day, it has projected the most enduring images of wealth. Consider how often gold bars are used...
Twice a year, U.S. refineries switch production from summer gasoline blends to winter blends, and vice versa. (California is an exception with more than two different grades). The switch to winter ...
Several governments have recently announced long-range electric vehicle (EV) mandates intended to increase the use of electric powered vehicles and decrease the use of internal combustion engines in ...
Originally published by AxiTrader COFFEE continues to build momentum and is approaching a significant resistance level at $143.60. Should it overcome that obstacle, a test of $150 seems likely. ...
Originally published by Cuffelinks By now, we’re all well versed on the subject of Amazon (NASDAQ:AMZN) disrupting retail, Aldi disrupting supermarkets and fintechs disrupting banking ...
China is the second largest oil consumer in the world. However, unlike the world’s largest oil consumer, the United States, China produces very little of its own oil. This makes China a ...
Originally published by AxiTrader WTI broke above the falling trendline resistance from the March high, but reversed gains today. Nevertheless, the short-term technical outlook remains positive as ...
Originally published by AxiTrader Gold reached a high of around $1,271 an ounce in US dollar terms last night. That's the highest level since mid-June as the US dollar selling continued. What's ...
My WAG: IF price can rally and hold above 55.00, we could see a retest of 65.00 in short order...a pop and hold above 50.00 is, however, the first order of the day -- see the Monthly chart below of ...
On Monday July 24, the members of OPEC's technical committee met in St. Petersburg, Russia, to assess continued compliance with the OPEC and non-OPEC partnership deal. This meeting was particularly ...
Originally published by AxiTrader COPPER cleared the major resistance level at $2.82 and extended gains to over $2.85. The short-term outlook is positive, and the daily close above the aforementioned ...
On the early morning of July 18, the Financial Times reported that an oil market consultant told clients that Saudi Arabia would likely cut its exports by 1 million barrels per day in the near future....
When OPEC’s technical committee meets in St. Petersburg at the end of July to evaluate compliance with the production cut deal, the big question will be what to do about Libya and Nigeria. These...
Inventories collapse giving a tailwind to crude oil whilst a weaker dollar lifts gold. OIL Both Brent and WTI spot staged an impressive two dollar rally in the New York session as the American ...
The summer season has begun. As usual, business slows as employees take vacations and the summer heat in the northern hemisphere stalls productivity. In the energy trading world, the U.S. has just ...
Originally published by AxiTrader COPPER ran into solid resistance at $2.71, but has been able to gather some decent momentum in the past two trading weeks. A clear break above $2.71 would pave the ...
Originally published by AxiTrader Recently I wrote a piece on the outlook for oil titled "WTI Crude Oil has to hold $42 or all heck could break loose". My aim was to highlight that this $42 dollar ...
