The Ideal Moment In Oil Markets
Oil prices are not only responding to our two year old thesis of decimated capex, OPEC restraint and falling surpluses, they are showing no signs of stopping their upwards climb. The increases in oil prices has forced many of the most doubting analysts to reassess their views of the oil market and begin to see things the way that we have for the past year. Read More @ https://oilprice.com/Energy/Energy-General/The-Ideal-Moment-In-Oil-Markets.html
WHAT IS THE OIL CHART SAYING?
Gold Attempts to Find Price Support
Gold has been attempting to form a baseline level of support over the last three trading days and finished fractionally higher in trading today. Gold Comex futures finished up approximately $2.50 today and closed at $1,291.90 (most active June contract). Gold closed dramatically lower this week after losing $28 in trading on Tuesday. Tuesday’s selloff was significant in that it broke below the psychological support level of $1,300, which is also where the 200-day moving average is fixed. Read More @ http://www.kitco.com/commentaries/2018-05-18/Gold-Attempts-to-Find-Price-Support.html
WHAT IS GOLD CHART SAYING?
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