Technical Analysis, February 6th — February 10th, 2012
The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of February 4th, 2012.
Weekly Outlook for 6-10 February
Following the low intensity week for major commodities as gold and silver prices didn't do much during the first week of February, the upcoming week is filled with many news items and decisions to be made that could affect the direction of forex
Good US Employment Data Boosts Oil, Weakens Gold
Crude oil rallied today together with other commodities, while gold declined as traders preferred riskier assets. The major news topic today was US employment that was much better than analysts predicted.
Natural Gas Storage Declined by 132 Bcf Last Week
Natural gas prices changed direction during last week and sharply rallied from their tumble of past weeks; some of this rally might be explained by the announcement to cut natural gas production in the U.S. In the meantime, the extraction of nat
Gold and Silver Continued to Trade Up –Recap February 2
Gold and silver prices continued their rally as they have finished yesterday’s trading rising. Crude oil (WTI) continued its downward trend while Brent oil rose; the gap between the two has risen to its highest level since November 9th 2011.
Crude Oil Fundamental Analysis February 3, 2012, Forecast
Crude Oil is currently trading at 96.49 down 1.21 and falling.The Black Gold fell on Greek mixed messages adding to default fears.
Jean Claude Juncker stated talks with private creditors on the Greek debt restructuring plan have proven
Oil Stockpiles Sharply Rose by 8.4 M Bbl – February 1
According to this week's Energy Information Administration petroleum report crude oil stockpiles sharply rose during last week by 8.4 million barrels; oil prices slightly slipped.
U.S. PMI Manufacturing Index Increased to 54.1%
Today the U.S. Manufacturing ISM report came out; according to it the U.S. Manufacturing PMI growth rate augmented again to 54.1% during January.
Commodity Prices — February 1st 2012
Commodity prices for February 1st 2012.
Commodity Prices — January 31st 2012
Commodity prices for January 31st 2012.
How might the closure of the Strait of Hormuz affect markets
As you will no doubt be aware, the Strait of Hormuz nestled in the Persian Gulf between UAE and Iran is a vital stretch of sea when it comes to oil supply. The strait itself may be only 34 miles wide in places but around 20% of the world’s oil su
Crude Oil Fundamental Analysis Jan. 31, 2012, Forecast
Crude Oil is currently trading 99.20 down .36 mid afternoon. The fall came on top of a 14-cent decline Friday, when weaker-than-expected U.S. economic growth for the fourth quarter raised doubts about the demand outlook and pressured Nymex crude


