Looks like there's some support at that Feb 14th close. However, I tend to agree with you. I wouldn't put too much stock in that support holding. image

Nat Gas anyone?

South Korea wasn't a big surprise but Italy and Iran were two countries I wouldn't have expected it to spread to. I don't think we are out of the woods yet. There could be more room to the downside for WTI.

WTI Crude Oil Trading

With the news over the weekend about the coronavirus spreading copper is in trouble again.

Copper for everyone

Check out Gold vs yen. The divergence continues as the yen tanks and gold heads higher. image

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

Thanks Harry. Good to see you here. Hope all is well and that you have been long gold!

Gold RIGHT NOW

Interesting stuff yg10 and great correlation indicator on those charts!

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

Hubei was put on lock down yesterday. I'm not sure any amount of stimulus can help against the spread of the virus. China accounts for about half the global demand for copper and the longer this virus lingers the bigger the drop in copper demand ...

Copper for everyone

Blizzards sweeping through the Midwest have also helped NatGas off of recent lows. Coldest air of the season is moving into the Midwest and the Northeast Blizzard conditions in Midwest, winter weather alerts from Oklahoma to Maine ahead of Arctic ...

Nat Gas anyone?

WTI has been tough to put a finger on. It seems like the coronavirus is in full control. If that's the case, we are definitely not out of the woods. image (source)

WTI Crude Oil Trading

Gold and the yen are unusually going their separate ways. The extent of the recent divergence isn't common between the two. My best guess at this point is the recent weak GDP reading out of Japan is putting pressure on the yen. Gold is the one in ...

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

Gold right now is holding above the $1600 handle, looking at the CME GC contract. As expected, when it crossed that $1600 level it rallied nicely. Let's see if this new support holds. image

Gold RIGHT NOW

That's a big miss in the German economic sentiment. The weekend before last there was talk at a conference in Singapore that coronavirus fears were sweeping across Europe. It didn't take long for that to show up in the data.

Private Island Traders

Natural gas is finally showing some signs of life. A gap up at the open today. image

Nat Gas anyone?

Wage inflation data has had higher impact from all the major economies, since 2017 or perhaps even earlier. I agree 100% tush1822.

High Impact Events Trading... Gold & Copper

With recent developments in what's going on in China and around the globe with the coronavirus, OPEC has revised down it's 2020 global demand forecasts. Although, by the time they did Crude oil prices had already priced it in. There's still ...

High Impact Events Trading... Energy Edition

Hi Rudrax. Which event? We have CPI and Retail Sales coming up in the next couple of days but I'd probably stay away from CPI. Ever since the Fed transitioned to rate neutral, inflation (among other data) has had lesser impact. Retail Sales, because ...

High Impact Events Trading... Gold & Copper

US Employment Data - January Preview Non-Farm Employment Change Unemployment Rate Average Hourly Earnings m/m Forecasts NFP Most forecasts are falling within a range of about 142K to 190K. A very important consideration is the most recent forecasts, ...

High Impact Events Trading... Gold & Copper

Hi Rudrax. I hadn't seen this until now. I take it you were talking about ISM Non-Manufacturing PMI. I usually don't preview that data because it really doesn't impact it enough on a consistent basis. It is important, just not in terms of a very ...

High Impact Events Trading... Gold & Copper

At the open this week, it was reported China crude oil demand has fallen 20% due to the coronavirus. That's substantial global demand. OPEC+ is scrambling and may even move the March meeting forward into this month, sometime soon. Rumors are that ...

High Impact Events Trading... Energy Edition

Thanks Coondawg71! I'll check it out.

High Impact Events Trading... Energy Edition