Two things to consider for oil prices in the near term. Will US-Iran tensions escalate. The second, and probably more importantly, what's going to happen with the 50M barrels of crude oil that Saudi Arabia is sending to the US? Last I've read is ...

WTI Crude Oil Trading

Gold right now just spiked. No news out there on the trigger. A lot of volume came in at that time too. image

Gold RIGHT NOW

I'm extremely bullish on gold. The fear that came into the markets after the 2008 crisis resulted in a prolonged rally in gold, and I think that same type of risk-averse behavior is here. Fear has and will continue to drive higher allocations into ...

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

Looking back at API inventory data's impact, it's been a precursor to a muted impact for EIA inventories only when the data has showed lower than expected inventory builds or even a draw. More recently though, the impact for both has resumed. Not ...

WTI Crude Oil Trading

The trader walk of shame.. Making the right call but not doing anything about it. I hope some traders in this thread caught that move! image

WTI Crude Oil Trading

Looking good.

Nat Gas anyone?

While oil plunged into negative territory today, natural gas was rallying under the radar. image

Nat Gas anyone?

Lots of traders that didn't understand how futures delivery/expiration works got caught holding contracts today. What did the Saudis and Russia think would happen when they launched a price war when the global economy stopped. They grossly ...

WTI Crude Oil Trading

All good over here. How are you holding up? I wish it were fake. But it's real and hurting lots of people. I'm not sure about where gold is going in the near term but I am extremely bullish over the long term. All indications are that we will see a ...

Gold RIGHT NOW

Gold right now is opening up about where it closed last Friday. Weekend news was relatively calm. image

Gold RIGHT NOW

I'd look at crude to have some upside momentum if it can break $21. It's opening strong in Asia so far. Day is still very early though. image

WTI Crude Oil Trading

Wow. It's tough to believe that it'll break that $20 handle. But it's looking like the more likely case. image

WTI Crude Oil Trading

That makes more sense. Here's the pic. I'm not sure if I'm seeing it clearly but it could be there. image

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

I'm no technical trader but I'm not seeing it (CME GC): image

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

Crude oil coming down and testing the $20 handle is insane. I'm not sure the market is believing that the OPEC deal is a 20M barrels/day cut. image I'm still at a point where I'm thinking how much lower could it go and why would it go up from here. ...

WTI Crude Oil Trading

Banks and retail traders trade/invest in gold, so current prices always reflect all available information as well as future expectations. But I'm not sure I fully understood your question.

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

Gold right now is continuing to tread higher. $1800 looks like the next stop. As I've stressed previously, we are likely to see a prolonged rally in gold due to this crisis. It happened after 2008 and it's looking like it's happening again. ...

Gold RIGHT NOW

This is an overlay of Crude Oil (green/red) prices with Copper (pink) prices. The correlation suggests that while oversupply is an issue for both commodities, the underlying driver is likely falling demand. Perhaps the reason copper prices have ...

WTI Crude Oil Trading

WTI prices are dropping which is confirming the belief that 10m bbl/day cut was already priced in. Market wanted more than that. When the dust settles it's hard to think that this deal won't provide some kind of support to oil prices.

WTI Crude Oil Trading

Gold was one of the only assets holding on after the open. It's coming down slightly now. Equity futures are tanking, oil is surprisingly dropping after the OPEC deal, and bond yields are dropping too which is a indication of flight to quality. US ...

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