WTI has been tough to call. I'm not a big technical guy, but prices tend to retrace 50% more times than not eventually. I'm flat WTI so take this with a grain of salt. I'm just pointing out that we've hit that 50% mark between the highs after the ...

WTI Crude Oil Trading

Well said. Nobody out there can time the market. As michaelpelly eluded to, there's a lot of instinct and intuition that goes into some decisions. But just too add to this convo, it's not about timing sentiment change. It's more about knowing that ...

Sweet, sweet Oil

I'd be surprised if it did happen, but I wouldn't say it can't. Highly unlikely. This is a very good point. Risk/Reward is very high closer around $2. Solid advice right there.

Nat Gas anyone?

A couple observations in Gold from today's close. Today's trading volume on the CME futures contract GC was the 2nd highest of the year. It was the most since Aug 7th, a day when US-China trade escalations were causing the markets to make big moves. ...

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

Since liquidity is light, this should be taken with a grain of salt. Crude (CL CME front-month) is holding above $57, and also about to break higher from where it opened a little over 30 mins ago. The bullishness in WTI seems like it could continue. ...

WTI Crude Oil Trading

Great thread Ef5. There is no solid case for a recession. But there's no solid case for continued growth either. The trend of the data is pointing to a slowdown. It's been a little overshadowed because of Germany and China's issues. The slowdowns ...

Macro Talk

image The actual came in at 54.7 which was considered an outlier in the range of estimates in surveys taken by Bloomber and Reuters. The surprise isn't that it had impact, but the fact that after the initial pretty big move, there's been ...

High Impact Events Trading... Gold & Copper

That sounds like as good a reason that's out there. Some pretty good insight if true. Thanks for the heads up LloydOz!

Gold RIGHT NOW

I'd keep an eye on the $57 handle (CME CL front month). If it breaks, and it would need to be a clear break, WTI could have some room to the downside. image This scenario played out yesterday. I probably waited too long (too conservative), but it ...

WTI Crude Oil Trading

I've been keeping a close eye on the breaks through the $1500 level. Check out my last post about this: url . You'll see that when gold prices (CME GC front month) breaks through either above or below the $1500 handle it doesn't stop. Earlier ...

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

Gold right now seems a bit over extended. It's rare for gold to move $30 in a day one way or the other. But to do it without any fundamental price drivers is strange. I don't think there's much room left to the downside. A long play with tight stops ...

Gold RIGHT NOW

Last month ISM Non-Manufacturing PMI had a larger than normal impact. In light of a relatively empty calendar, I figured I'd give a preview. I included charts from last month at release time. Check it out: ISM Non-Manufacturing PMI - November ...

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

ISM Non-Manufacturing PMI - November Preview ISM Non-Manufacturing PMI Recent Impact Last month, this caused a larger than usual impact when the actual missed forecasts (52.6 vs 55.1 forecast and 56.4 prior). Below shows how gold, eur/usd, and ...

High Impact Events Trading... Gold & Copper

The $57 handle didn't hold. It looks like it's the new resistance. Downside risk in WTI IMO. image

WTI Crude Oil Trading

WTI has been on a tear. Right now I'm eyeing the Crude CME front month to see if it can hold above the $57 handle. It's testing right now. image

WTI Crude Oil Trading

Same here! Hope it was a good one! It's never a bad idea to observe the markets when you aren't sure of things. I may keep an eye on NFP. If we get strong data, it would have to be followed up with stronger than ...

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

The only South African events that I would think might ever have impact are CPI data and Current Account, and they really only impact precious metals. I'm really interested in finding out about other events I might be missing. I know South Africa ...

Gold RIGHT NOW

Gold right now is holding above the $1500 handle. If it can stay above that level, we could see prices rise tonight. I'm long. Tight stops.

Gold RIGHT NOW

Crude CME front month is over the $55 handle. It looks like it's going to be the new support if it holds. WTI could have some short term upside potential here.

WTI Crude Oil Trading

Natural Gas just keeps on rallying. image

Nat Gas anyone?