Search Results for: Crude oil prices
Technical Analysis: Commodities – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 XAU/USD trapped in a new trading range around 1225 – 1235 for now and made no attempt to break out from this level. Next break higher will target 1250 slowly and next lower ...
Wounded OPEC to feel more pain next year
December 10th, 2014
A price war has slashed the price of oil by more than 40% in six months and put U.S. gas on the path to $2 a gallon. And on Wednesday, OPEC cut its forecast for 2015 world demand growth by 6%. It blamed ...
Wednesday December 10: OSB Daily Technical Analysis – Commodities
December 10th, 2014
OSB Daily Technical Analysis for December 10, 2014 Gold rallied on the day breaking through the $1200 with ease making a test of resistance at the $1240 area. A close above this level and more importantly $1250 resistance extends ...
Technical Analysis: Commodities – Dec 10
December 10th, 2014
Technical Analysis for December 10, 2014 XAU/USD reaches the last target at 1225 and keeps grinding higher from the last sudden higher break. Next target for higher movement will be 1250 and a reversal under 1200 will enter sideways ...
Technical Analysis: Currency pairs – Dec 10
December 10th, 2014
Technical Analysis for December 10, 2014 EUR/USD erases the entire last bear move in the market and traded back to 1.24475 before retracing back to 1.239 level. A big correction like this will only disturb the market and currently ...
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
Tuesday December 9: OSB Daily Technical Analysis – Commodities
December 9th, 2014
OSB Daily Technical Analysis for December 9, 2014 Positive day for gold which managed to back above the 20 DMA and push over the $1200 hurdle. Despite upswing gold failed to remain above on the close suggesting that area ...
Technical Analysis: Commodities – Dec 09
December 9th, 2014
Technical Analysis for December 09, 2014 XAU/USD Reversed from the last lower breaks and traded at 1200 level. A reversal once more again will target 1185 short term and a higher movement to 1210 will target 1225 short term. ...
Asia stocks dip, somber data offsets strong U.S. job numbers
December 8th, 2014
Asian shares were mostly lower on Monday after sobering data highlighted the sluggishness of the region’s key economies and tempered the lift from much stronger-than-expected U.S. employment numbers. Spreadbetters expected a subdued start for European stocks, forecasting Britain’s FTSE .FTSE, Germany’s ...
Monday December 8: OSB Daily Technical Analysis – Commodities
December 8th, 2014
OSB Daily Technical Analysis for December 8, 2014 Gold sold off yet again on Friday breaking below the $1200 level and the 20 and 50 DMA’s. The area remains volatile with gold likely to trade in the general vicinity ...
