It's Good Friday and most markets are closed, which are the markets that brokers who offer CFDs use as underlying for pricing. CME is closed for the entire day only three days per year which are Xmas, New Years, and Good Friday. Here's some more ...

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

Very possible but in light of news coming out about these cuts it's going to be tough to call WTI accurately. I'm starting to think a 10M/day cut has already been priced in and only anything bigger or extended will really support oil prices. Demand ...

WTI Crude Oil Trading

It's TradeStation. Spreads haven't been great anywhere especially in gold, but I'd much rather have wider spreads in a centralized market. CFDs are great because they allow traders to trade things we may not otherwise be able to trade. But at the ...

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

The fact that the Suadis have called for G20 nations to join in on the oil production cuts make it extremely more believable that an underlying agenda behind all of this is directed at US shale. Who knows? I just wouldn't count that out.

WTI Crude Oil Trading

At this point I'm afraid the answer is yes. There's been nothing other than the call for an OPEC/OPEC+ meeting and the Russian budget announcement where it's basic its annual budget on $20 oil. Nothing from anybody other than Trump about a ...

WTI Crude Oil Trading

I agree with this assessment. Actually this was my original thought when the price war was launched. Although it's turning out to be a longer term view on the energy markets, the theory is still in play.

Nat Gas anyone?

I'd be very surprised if it hit $14. That would mean we've reached a point where sellers are paying buyers to take the oil. As we've seen, crazier things have happened though.

WTI Crude Oil Trading

That's a pretty spot on example of why WTI is such a dangerous trade right now. If OPEC and Russia agree on something, say over a weekend close, good luck to anybody who was short.

WTI Crude Oil Trading

Now that winter is pretty much behind us in the USA, fundamentals are shifting. The low price of crude is likely to keep Natural Gas prices low. Even after oil prices start going back up, it's going to take a longer time for the supply gut to ...

Nat Gas anyone?

I'm not sure which way it could go really. WTI prices are being supressed on all fronts now with the glut and lower demand. While all the fundamentals point to zero chance that it will move higher, the bigger question is how much lower could it ...

WTI Crude Oil Trading

Gold is tough to read right now. The $1600 level is nothing like the $1500 level in terms of price resistance and support. Back when it was testing $1500 a cross in either direction would trigger some momentum buying/selling. At $1600 we've broken ...

Gold RIGHT NOW

Silver has stayed in a very tight range for the past couple of weeks with one minor fall at the beginning of this week. From where I'm standing it looks like a very good longer term entry. image

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

With South Africa on lockdown, Palladium is rallying big. Platinum too, but not to the same extent. Here's Palladium (CME contract): image

Palladium trading

Gold right now is looking like it wants to rally. image

Gold RIGHT NOW

Touché!

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

Pretty crazy that silver is at 11-year lows. I have a tough time not seeing this as an excellent buying opportunity.

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

It's very clear that the administration along with the Fed are implementing measures and policy to directly support the stock market and as many economists would have predicted, these measures are only stoking more market uncertainty and thus, ...

WTI Crude Oil Trading

With the lower oil prices and winter ending, there's not as much fundamental support as I previously thought. The way Natural gas prices could appreciate is if supply takes a hit as these lower oil prices put some NatGas companies out of business. ...

Nat Gas anyone?

I can't justify any reason why copper shouldn't test 2016 levels closer to $2. As the China economy slows down so will demand for copper. Industrial metals haven't been hurt as much as I thought they would. Not yet at least. As this current economic ...

Copper for everyone

Gold right now is testing to 2020 support levels as downward price pressures continue to prevent the eventual appreciation. image The lower gold goes the better the longer term buying opportunity. I explained with better details here: url

Gold RIGHT NOW