Wednesday , October 16 2019
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Video: Crude Oil as of October 15, 2019

In the present video, Phil Carr from The Gold and Silver Club talks about crude oil as of October 15, 2019. He starts the video by discussing the recent performance of the commodity, explaining the reasons behind the rebound of prices. Phil then talks about factors that will be influencing crude this week. In particular, he reminds to watch for US inventories data and to pay attention not just...

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Video: Gold as of October 15, 2019

In the present video, Phil Carr from The Gold and Silver Club talks about gold as of October 15, 2019. He starts the video by explaining what factors were affecting the commodity lately and also mentioning that hedge funds and money managers increased their net long positions last week. Then Phil explains what events will likely impact the metal in October. He also notes that gold tends to be range-bound...

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Soybeans Retreat From 16-Month Highs on China, Capped by Weather

Soybean futures are retreating from their best levels in 16 months, driven by fears of uncertainty over future Chinese imports. But prices were capped by a winter weather storm potentially targeting the Midwest and affecting crops. Despite the immense volatility in the soybean market, prices are still up in 2019. November soybean futures tumbled $0.05, or 0.53%, to $9.355 per bushel at 12:52 GMT on Tuesday...

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Gold Edges Higher on US-China Trade Hiccups

Gold futures are edging higher to kick off the trading week, following new reports that the first phase of the US-China trade deal has already hit a snag. Beijing wants to further discuss the arrangement, while Washington is warning of future tariff hikes. The initial optimism on Friday has already diminished, affecting global financial markets. December gold futures rose $8.50, or 0.57%, to $1,497.20 per ounce at 12:43 GMT...

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Commodities Technical Analysis, October 14th — October 18th

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of October 13th, 2019: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 48.90 50.14 52.41 53.65 55.92 57.16 59.43 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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Wheat Rises on China Buying US Agriculture, Global Output Slump

Wheat futures are rising to finish the trading week, driven by new data that found China purchased huge volumes of US agriculture, including wheat, soybeans, and pork. Other global industry factors are contributing to wheat’s performance in recent trading sessions, mainly from a supply-side perspective. December wheat futures rose $0.0225, or 0.46%, to $4.9525 per bushel at 12:41 GMT on Friday on the Chicago Board...

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Video: Crude Oil as of October 9, 2019

In the present video, Phil Carr from The Gold and Silver Club talks about crude oil as of October 9, 2019. He briefly discusses the performance of the commodity lately and then speculates how it will behave this week, predicting range-bound trading but also saying that the risk-reward is skewed to the upside. Phil also mentions factors that will be influencing oil this week. If you found this video useful and want...

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Natural Gas Dips on Jump in US Inventories, Supply Forecasts

Natural gas futures are trading lower on Thursday after the US government reported an increase in domestic inventories that were in line with market projections. The energy commodity is also slumping on concerns of a potential global supply glut as experts are forecasting greater output in the next several years. November natural gas futures tumbled $0.01, or 0.45%, to $2.225 per British thermal units (btu) at 16:21...

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Video: Gold as of October 8, 2019

In the present video, Phil Carr from The Gold and Silver Club discusses gold as of October 8, 2019. He talks about the previous performance of the metal and speculates what levels prices may hit this week. Phil also explains what events should be affecting the commodity over the week. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video...

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Bitcoin Posts 5% Daily Gains, Breaks the $8,500 Barrier

Bitcoin prices rose nearly $500 in less than two hours, equating to 5% gains on the day. Most major coins followed suit, although smaller alt coins retraced some of the gains they have made in recent days. The gains mean that BTC prices are now above the $8,500 mark, seen by many analysts as moderate resistance, but it remains to be seen if the cryptocurrency can hold its nerve above this mark. Many investors had feared the worst last week, with analysts pointing to a $7,200 support level,...

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