OIL

Saudis’ oil supply cuts to boost prices risk revival of US shale industry – They will continue to cut production to increase demand.

Saudi Arabia’s dream of securing a US$100 billion ($136b) windfall from the IPO of Aramco may be clouding its judgment. The kingdom needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude. Using its clout to restrict global supplies and pump up the cost of its barrels makes the mega-offering look more appealing, but the move has also revived the kingdom’s biggest enemy in the form of US shale oil. Read More @ http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11983504&ref=rss

GOLD MINE

Gold price – GBP and USD rate per gram after a strong start 2018. Analysts and traders remain cautious on how long gold’s upward trend will hold – 

GOLD retains its title as one of the world’s most precious metals because it is a “crisis commodity”.

The metal, frequently used as a global physical currency, holds value in geopolitical and financial times of uncertainty. Here is the latest on the striking metal… Read More @ we are positive for Gold this year – 1480 thats our price. https://www.thesun.co.uk/money/5258533/gold-price-today-rate-gram-gbp-usd-january-26-2018/

OUR TECHNICAL CHARTS

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary

 

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