by Chaim Siegel of Elazar Associates LLC Gold prices have been down for nearly two straight weeks. Any lower and you break an uptrend, which is worrisome. There are three factors bothering gold which ...
Originally published by AxiTrader Traders have lost faith in OPEC's ability to rebalance the oil market over the past month after the cartel failed to announce deeper cuts at its recent meeting and as...
For the second time in less than a week, the price of oil has dropped several percentage points over the course of several hours. On June 14, WTI dropped almost 4% to below $45 a barrel and on June ...
Originally published by AxiTrader COCOA - The downtrend remains clearly intact. Cocoa broke back below $2000 support, which confirms the high at $2073 and paves the way for another move towards $1751....
The energy market, more than other commodity markets, is often impacted by geopolitical events. But not every geopolitical event that affects an energy producing country impacts energy markets. When ...
Originally published by AxiTrader COCOA failed at the trendline resistance from the January high and is approaching support at $2000. A break below $1937 support would confirm the high at $2080 and ...
During the past seven days, energy investors were left confused by two major geopolitical decisions – one in the United States and one in the Middle East. The first was President Trump’s ...
Originally published by AxiTrader COCOA - Despite the strong bounce off $1750 support, Cocoa is struggling to gain momentum. Resistance at the falling trendline from the March high has proven to be ...
As June arrives, here is a look at where oil prices stand going into the summer of 2017. The May 25, 2017 OPEC and joint non-OPEC meeting ended exactly as forecast. Producing countries agreed to ...
The price of gold rallied higher in the global market after the US dollar index slipped lower in the global market. The bullish rally in the gold market started after the US dollar index slipped from ...
Originally published by AxiTrader COCOA - While the overall downtrend remains intact, there has been a notable rally in Cocoa today. The commodity is now approaching a key resistance level at $2087, ...
by Pinchas Cohen Yesterday, the Russian energy minister put forward the possibility of including an additional extension of three months on top of the already extended oil production freeze deal's ...
The energy field has been stabilized to a great extent after OPEC put a cap on the oil production in the global economy. Prior to implementation of the oil cap, the price of oil was falling hard in ...
Originally published by AxiTrader OPEC meets in Vienna tonight in what is widely anticipated to be a rubber stamp on the already telegraphed decision for an extension of the current production cuts ...
In anticipation of Thursday’s semiannual OPEC meeting, the following provides a breakdown (by country) of some of the key issues for both OPEC and participating non-OPEC players. The key issues ...
Originally published by AxiTrader COCOA - The rejection ahead of $2100 resistance confirmed that the downtrend remains clearly intact. Immediate support is seen at $1970. A break below would then ...
There has been an ongoing crisis in the energy field from the very beginning of the year 2016 due to excess supply of oil in the global market. The price of crude kept falling like a heavy stone in ...
