Crude making back all of last week's losses. Testing last week's highs.

WTI Crude Oil Trading

It looks like it's a little bit of a risk environment with the usd selling and crude heading higher. Still early in the US sessions though.

WTI Crude Oil Trading

Gold's been in rally mode since around August 9th. Longer term fundamentals still strongly support long gold. After a mostly sideways last week, the rally looks like it's continuing on some strong volume (CME CL). image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

CL futures has already made back Thursday and Friday's losses and looks like it's headed higher.

WTI Crude Oil Trading

Delta emerging in the US has hammered oil prices. India and UK got over Delta pretty quickly but so far it's still raging in the US. I still expect WTI to be trading well above the $55 handle for the rest of the year. OPEC is due to meet again ...

WTI Crude Oil Trading

All eyes are on Jackson Hole. Powell is set to speak at 10am ET next Friday. Fed pivot? Or has Delta pushed the pivot back to the September FOMC meeting? Big implications for gold prices.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Great news Aussie! Good to see you back!

"AUSSI" my thread and anything I want to put here

A clean break of $65 might be some pretty good asymmetric risk.

WTI Crude Oil Trading

We're coming back down for another likely test of the $65 handle.

WTI Crude Oil Trading

Sure enough. It bounced of that $65 level and has been rebounding since. That's some pivotal support. A clear break might bring some heavy selling pressure.

WTI Crude Oil Trading

NatGas futures (CME NG) nose diving after gapping up to open the week. image

Nat Gas anyone?

We've seen this before. That $65 handle is some strong support for crude futures:

WTI Crude Oil Trading

Thank you for the update Kerry-Anne. It sounds like there was a scary period there but the fact that he is stable now is excellent news. We are all hoping he gets out of the ICU soon and on to recovering. Hang in there Aussie!

"AUSSI" my thread and anything I want to put here

Given the price pressures, there's some downside risks on a higher than expected draw or if we see a build in the EIA inventory data. In a little over an hour, we should see some volatility in WTI prices: url

WTI Crude Oil Trading

Well wishes to Aussie. I hope everything turns out okay.

"AUSSI" my thread and anything I want to put here

Welp...

WTI Crude Oil Trading

I don't think they can go back to lockdowns again. People just won't do it. But I do agree activity will slow which would put pressure on oil prices. What I thought was a tight trading range is looking more like an upward trend. We already know what ...

WTI Crude Oil Trading

Coffee is finally coming back down to Earth. Still pretty high though.

Copper for everyone