WTI all of the sudden heading lower. No news? image

WTI Crude Oil Trading

I like this trade. We should start seeing USD/CAD appreciate starting with the Canadian Federal Elections and through the BOC meeting.

Trade All: Currencies+Indices+Metals

Pretty big gap lower in Natty Gas at the weekly open.

Nat Gas anyone?

I'm thinking that could have been the reason behind today's gains in oil.

High Impact Events Trading... Energy Edition

It's an interesting divergence. Sweden is an EU member while Norway isn't. Swedish Krone would likely continue to appreciate on positive Brexit outcomes, while the Norwegian Krone is moving lower on all the uncertainty related to not only Brexit but ...

Trade All: Currencies+Indices+Metals

Agreed! It's a very tough market right now with price pressures coming from different angles. Flat is probably the best position for now.

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

Here's a look at what happened to crude prices after the EIA report. The data showed a build in cruide oil inventories, draws in distillates and gasoline. image The whipsaw that ensued after the mixed data was not a surprise. The rally afterward ...

High Impact Events Trading... Energy Edition

EIA data preview posted! EIA Weekly Petroleum Data - Oct 17th Preview

WTI Crude Oil Trading

EIA Weekly Petroleum Data - Oct 17th Preview Crude Oil Inventories Distillate Inventories Gasoline Inventories Notes Due to the US holiday on Monday, this week's EIA inventory data was moved to Thursday at 11pm. API data showed a huge crude ...

High Impact Events Trading... Energy Edition

It's tough to argue that standpoint. There's a lot of optimism around Brexit and US-China trade relations. Gold seems to have some pretty strong downward price pressures.

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

If WTI can break and hold above the $53 level, it could be a good long entry. There's some ground to make up after late US session losses. If it tests and fails again, it's a pretty bearish sign. image

WTI Crude Oil Trading

Gold is trading at session lows right now. I'm waiting until the SHFE opens in 45 minutes to make any judgements about trends.

Gold RIGHT NOW

I don't think the move lower in WTI was really reflective of the massive inventory build shown by the API weekly report. Maybe traders are focusing on other price drivers, but it seems like there could be room to the downside in the shorter term.

WTI Crude Oil Trading

With headlines about Brexit, China-US trade, Turkey, etc, gold has been pretty volatile. This morning gold and the Japanese yen correlation broke down and has diverged. In a risk environment we usually see a higher correlation. I think this ...

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

Gold is slowly moving higher right now. A little while after hitting those session lows shown above, I went long and closed both positions with small profits. Flat gold now. WHEW.

Gold RIGHT NOW

Once we get into late October and November, which is the end of the Atlantic hurricane season, any storms would likely form in the Gulf of Mexico. As your picture shows the water is warm and ripe for a storm to develop.

Hurricane Watch

Did not see the moon walking bear.

Turn inward for the Diamond mine

I agree it's heading lower. I just entered into a short position on fresh session lows.

WTI Crude Oil Trading

If WTI breaks above the $53.60-$53.65 level I'm going long. UPDATE: I'll probably wait until the SHFE open to make any moves.

WTI Crude Oil Trading

Gold is hitting fresh session lows right now:

Gold RIGHT NOW