Commodity Trade Mantra

Posts Tagged ‘Downtrend’

Is Crude Oil Close To A Tradable Bottom?

By all accounts, the world is awash with oil. Despite the downward pressure on oil, the devil’s advocate wonders: could oil be setting up a tradable bottom? By tradable bottom I mean a level from which oil might bounce. For example, oil reversed from the low $40s earlier in 2015 and climbed to about $60 before resuming its downtrend.

Major Currencies and Gold - The Big Picture

Various developed nations have been able to leverage their currencies to economic or at least stock market gains, after all. What has gold done? Gold is trying to bottom here. Just as the 2011 ‘Knee Jerks’ hurt gold’s investment sponsorship greatly on a large scale, the small scale panics can be damaging on a short-term basis.

Gold: The Hidden Agenda Behind The Bear Raid

Expect some short-term profit taking in Gold on options expiration manipulation – Will be a tough-to-seize buying opportunity because it may appear like the bears are back in control of the market

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