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WTI Crude Oil Trading

Wow. I did not expect ISM Manufacturing to miss like it did. First time under 50.0 since 2016. Gold spiked on the news. This reading is in line with what we've been seeing from the regional fed manufacturing indexes for a few months now. Not a good ...

High Impact Events Trading... Gold & Copper

I gotcha. So there's two things. It's not tick volume. It's actual contracts traded on the Chicago Mercantile Exchange. On CFDs, we can't get volume because there isn't a centralized exchange. CFDs and futures (and spot) will move in tandem. If the ...

WTI Crude Oil Trading

This is volume on the CME crude front month (CL). Here's a good link to bookmark. Crude is in backwardation and it's all the way out to Sep 2020. url

WTI Crude Oil Trading

I'm thinking any long entries is just chasing a possibly over-extended rally. There might be some upside left but it's pretty late in the day at this point. Volume seemed to be really heavy today on the rally. That's a pretty good sign that there's ...

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

Right now, gold looks like a great long entry but since it's had such a big run already I don't feel comfortable about it. I'm thinking wait until SHFE opens up and see what Asia does. If they start buying up gold at the open, we could see another ...

Gold RIGHT NOW

Here's a look at CL today. Again, volume spikes have been while it's selling off. Until this changes, there's obvious selling pressure and these moves higher on light volume are nothing but retracements. Take a look at how volume played out today.

WTI Crude Oil Trading

Oil demand could take a hit (source):

Hurricane Watch

Just a reminder. The contest is open to new contestants until Friday's close.

Energy Competition Zone (Demo)

For the most part, even as crude prices went up it's been met with heavy selling pressure. I'm bearish as long as the spikes in volume show this downward pressure.

WTI Crude Oil Trading

Gold right now is dropping on very light volume. I'd probably stay clear of opening any new positions in the absence of any significant volume.

Gold RIGHT NOW

Gold correlation to the Japanese yen Swiss franc are related to the risk environment. The higher the price correlation, the more likely the markets are focused on risk. When markets are focused on risk during times of uncertainty, it usually means ...

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

Just a reminder that this week's US holiday changed the scheduling for all inventory data. Natural gas inventories remain at it's regularly scheduled day and time. API got pushed back by a day. AIE inventories are now scheduled for Thursday and 30 ...

High Impact Events Trading... Energy Edition

Heavy selling pressure since the SHFE open. Right now, gold is looking like a good short.

Gold RIGHT NOW

Welcome to the contest!

Metal Competition Zone (Demo)

I agree with detector here. Recent strength in crude is unlikely to continue. Since hitting those 2019 back in April, it's continued lower.

WTI Crude Oil Trading

I'm not sure what the impact would be. In theory, a catastrophic hurricane would increase uncertainty and create some economic instability which would lead to higher gold prices. But I'm not sure what's been priced in. On Friday, they were expecting ...

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

Thanks! I'll be trying to defend my title this week. Sign me up! Acct: 6211 Trade Explorer: url

Metal Competition Zone (Demo)