I'm inclined to think we could see copper prices rise after the stronger than expected PMI data releases out of China, over the weekend and tonight. Manufacturing PMI Caixin Manufacturing PMI

Copper for everyone

I think this week might finally be the turn to the upside for Nat Gas. Mostly due to colder weather: url

Nat Gas anyone?

Gold had a little rally today. It will be interesting to see if Sunday brings volume and follow-through. All of the recent rallies in gold have been accompanied by greater than average daily volume. I think we'll need a trigger and could get one ...

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

Is there support here!? NatGas in free fall: image

Nat Gas anyone?

I didn't expect this kind of a move today. This is the biggest one day drop in a few months. WTI just fell out of bed. image

WTI Crude Oil Trading

Yet, WTI prices has been steadily increasing throughout the year. Here's my best shot at a quick linear regression line of this year's prices. Rig count has steadily declined, while prices have steadily been climbing. ...

WTI Crude Oil Trading

Looking at the short vs long end of the curve, I wouldn't be very confident that we are out of the woods in terms of the curve inverting. image Agreed. Correction seems overdue.

Private Island Traders

Baker Hughes is a very underrated indicator as prices can lag the indicator by as much as two months. There still a ways to go. We should see the immediate impact of this weekly indicator gain more significance in early 2020 when the oil producers ...

WTI Crude Oil Trading

Great post!

WTI Crude Oil Trading

Tomorrow's EIA inventory data will be interesting. The risk looks tilted to the townside given the resistance at the ~$58.50 level. If we see inventories depleted we could get a break above that level. However, on an inventory build wqe should see ...

WTI Crude Oil Trading

Yessir! video

Turn inward for the Diamond mine

image

Picture Tennis (metals edition)

I agree that gold has some upside potential. I'm not sure there about the timing of it and whether or not we are retracing. After retesting some November lows, Gold is holding well above the $1450 handle. It should be a pretty low volume rest of the ...

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

It looks like it's at least retracing from that ~58.50 level. WTI has been tough lately but I'm thinking it's time to come back down prior to the OPEC meetings in early December. image

WTI Crude Oil Trading

It's only going to get worse throughout this US holiday week. Gold right now is still holding above that $1450 handle. image

Gold RIGHT NOW

Biggest red candle we've seen in Natural Gas in a long time: image

Nat Gas anyone?

If you don't look back further than September, Gold is looking ridiculously bearish. Be careful out there it's approaching some pretty strong support at the $1450 level. I'd hold off on shorting until a breach, if it ever happens. Still some strong ...

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

I'm staying out for now. This week we dropped over $3 from the open then gained over $3 from the lows. There's no telling where WTI is headed. image

WTI Crude Oil Trading

Anyone know why this gap up on Nat gas occured? image

Nat Gas anyone?