Anybody concerned with the low volume during this recent rally? image

WTI Crude Oil Trading

Oil (CL) and Copper (HG) are trading in very high correlation this week. It's a good sign that the market is more focused on demand factors. image What happened to the supply glut? I can't get bullish on WTI until the crude futures contract breaks ...

WTI Crude Oil Trading

Gold right now (CME futures) is barely holding on to that $1700 support level. If it breaks we'll likely see some momentum below that level. Fundamentals don't support lower gold prices but market seems to have shifted to more of a risk-on ...

Gold RIGHT NOW

Also keep in mind Monday is another holiday in the US and UK. Commodity market liquidity is going to be dry.

Gold RIGHT NOW

Precious metals, copper, and just about every commodity is selling off right now. I have no idea what sparked this sell off. image

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

Gold right now is falling off a cliff. Anybody see what triggered it? image

Gold RIGHT NOW

Crude futures are right there at today's session highs. It's too late in the date to expect much, but it's looking strong. image

WTI Crude Oil Trading

US stocks are showing signs of a late day rally. If so, I'd expect the risk-on trading environment to push WTI back above earlier session highs. Heavy volume came in around 30 mins ago on CME CL. Seeing some upside price pressures at the moment. ...

WTI Crude Oil Trading

It could've been that gasoline and distillate inventories both rose. The disappointment in gasoline demand likely triggered the move lower but when sentiment prevailed, oil prices started appreciating. The report in general was definitely supportive ...

WTI Crude Oil Trading

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WTI Crude Oil Trading

Not sure if it's been mentioned yet, but how about the June contract expiring today? Only a week ago there was still talk about negative oil prices around expiration. (source) image

WTI Crude Oil Trading

It's a little late in the day for a rally, but Gold right now looks like it's headed towards retesting earlier session highs. image

Gold RIGHT NOW

Whoa! Thanks for the excerpt. So we're talking 52M barrels. This deserves more coverage.

WTI Crude Oil Trading

Copper, like energy and equities, is in rally mode. image

Copper for everyone

Good call. I remember it being around 50M barrels and we haven't heard anything else on it.

WTI Crude Oil Trading

Big time. I'm wondering if it's a pull back or a correction. As long as the futures contract stays above $30 it's probably safe to assume a pull back. image

WTI Crude Oil Trading

This weekend's biggest risk to gold has to do with US-China relations. We could get some COVID news. This risk probably has to do with a resurgence in cases after opening back up. But weekend data is normally lower than during the week. I'm doubtful ...

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

Gold right now is in rally mode after this morning's retail sales figures: image

Gold RIGHT NOW

The gold/silver ratio has been high for a very long time. I'm not sure if this is the turn but it's still interesting. Today, silver was obviously out-gaining gold again. image

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

It sure looks like WTI is trying to break out from here. The volume levels are a little low so I wouldn't have a ton of confidence. Some critical levels being broken in the futures market. Be careful because there's still a lot of talk about these ...

WTI Crude Oil Trading