GOLD: Pausing ahead of key resistance. Gold continues to pause ahead of key resistance in the $1633-40 region as the bullish momentum remains in place for the moment. Continue Reading…
Archive for July, 2012Gold Technical Research
Posted Jul 31 2012
Soybeans Market Analysis
Posted Jul 31 2012
Soybeans traded slightly higher overnight, and the November contract took out yesterday’s highs. November soybeans are trading 13 cents higher near 6:30 am CST. Continue Reading… Silver Market Analysis
Posted Jul 31 2012
September silver has started out with a fresh upside breakout on the charts, with the market reaching up to the highest level since July 5th. Continue Reading… Cocoa Market Analysis
Posted Jul 31 2012
The cocoa market has been unable to reach new highs this morning and may be waiting for Euro zone debt concerns to settle down in order to take out the early July highs. Continue Reading… Natural Gas Market Analysis
Posted Jul 31 2012
September natural gas prices broke out to their highest level since January 10th during the initial morning hours, but reversed into negative territory heading into the US opening. Continue Reading… Cotton Market Analysis
Posted Jul 31 2012
The cotton market may get a bit of support today after yesterday afternoon’s crop progress report showed a slight worsening in crop conditions, but the global surplus is still the dominant factor, and it will likely take a lot more to move the cotton market out of the current trading range. Continue Reading… Crude Oil Market Analysis
Posted Jul 31 2012
September crude oil prices drifted lower during the initial morning hours, falling short of yesterday’s low of $89.33. The market has been able to rebound from that level, helped by gains in global equity markets and modest weakness in the USD. Continue Reading… Bonds Market Analysis
Posted Jul 31 2012
Not surprisingly, the Bond market is showing some minor weakness to start today as flight to quality issues aren’t as dominating as they were at the start of the Tuesday US trade nor are they as significant as they were at times early last week. Continue Reading… Gold Market Analysis
Posted Jul 31 2012
The gold market appears to be catching some fresh buying interest off the nearing proximity of a US FOMC statement on Wednesday afternoon. Continue Reading… Wheat Market Analysis
Posted Jul 31 2012
September Chicago wheat traded mixed overnight but was 3 cents higher at 6:30 am CST. Kansas City and Minneapolis wheat followed the Chicago wheat market higher. Continue Reading… |