Posts Tagged ‘futures’
Gold and Oil News - April 23, 2013 21:20
Gold Settles Back, Re-Tests $1400
Since last week’s crash I’ve been saying that if the gold market was going to turn around it would be a tough slog higher; in a three steps forward two steps back pattern. This behavior has been in evidence since yesterday morning where Gold hit a high above $1435 and since then has been settling […]
Gold Continues to Rebound Above $1400
It was no surprise to me watching it last night, but Gold began moving higher with the re-opening of the markets and did not let up until the COMEX pre-market opened at 7:30 this morning, having added nearly $30 to the price and challenging the 200 day moving average. Gold promptly ran into some selling […]
Gold Bumps up to $1616 on Cyprus and Momentum
There is a triple top forming on the hourly gold chart right now, similar to the one that formed at $1587 last week. That one fell and so will this one. The market looks poised to take a shot at the $1620 mark tomorrow. A close above that would be a major bullish signal in […]
Oil Prices Rise After A Slowdown in Output Is Shown
The price of Crude Oil futures rose by a whopping 4.5% on Wednesday after the reported inventory data showed that output fell by 5.2 million barrels during the previous week. This ended a short two days of losses on oil prices. September Crude Oil futures ended the day at $82.89 at Nymex, whilst Brent Crude […]
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