EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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since 2003 we are in a commodity supercycle and right now we are in the pause for the next phase of the this cycle.
oil and gold have moved in tandem with positive correlation so mind the importance of this long term line that is gonna be broken down a bit in the medium term.
my target of 827 dollars is accurate but we are gonna observe still a rout in commodities by year end with a possibly to see the GC goingto 1178 dollars an ounce on sian risk aversion.
as for oil mind that this year is gonna see the price of crude ending at less than 20 dollars a barrel.
Can you please explain the implications of the Gold/Oil ratio? I saw you tweeted about it, and my book of yours is buried somewhere - time to write a new one!
I see some possible serious moves with it - double-top in the 30's? Or it crashes straight through to all-time highs... If resistance holds, does CAD make a comeback? With this environment, and probably few if any rate hikes, I don't see gold going much lower. Perhaps the biggest surprise of 2016 is that oil rebounds (sharply)??
Thanks,
Rob (one of the original forum contributors :))
GC at target 826dollar an ounce for 2016 with full corrleation in term of price of currency
euro drag down also on commod rout and ecb continuation of asset purchase
oil searching for the support to reach for first semester 67 and then year end 17 dollar
euro for making the 1.1789 before entering the last leg of draw down to first .98 then .92 on fin ext.
Oil Trading
Recently oil trading has become a popular financial investment, allowing retail traders to benefit from the fast paced movements of the commodity or hedge against currency depreciation. In the past oil trading was only available to large institutions, central banks, hedge funds and high net worth individuals. Thanks to the development of the Internet, more and more small investors are now taking advantage of the daily fluctuations, and the opportunities to benefit from this commodity.
There are many types of oil markers and Capital One Forex offers the possibility to trade the type known as Texas Light Sweet Crude Oil (or WTI - West Texas Intermediate). WTI plays an important role when dealing with risk management within the energy sector, as it has the most trading liquidity, volume and transparency. The price of WTI is often referenced in news reports in oil prices, alongside the price of Brent crude which originates from the North Sea. Trading oil, which includes WTI as well as other types, offers traders a dynamic method of trading commodities online. Oil trading prices are streamed live, giving each trader instant exposure and access to the enticing and lucrative world of commodity trading.
Build a diverse, multi-product portfolio in one account – add oil trading to foreign exchange or other commodities for an ideal investment mix
Certain currencies, commodities and indices may have a correlation to oil, which can also provide traders with useful insight helping with their trades
Oil prices are volatile, changing on a daily basis which supplies traders with the chance to take advantage of significant price changes
I am a bit late to enter in to your discussion regarding Gold,oil and indices in my opinion there are a lot of new trending articles and oil and gold are one of them.Out of them in my opinion and by doing the amount of research i can say that the value of oil is going to skyrocket in 2016 and these will create a boom in market.
http://www.profitconfidential.com/tag/opec-oil-prices/
Recently oil trading has become a popular financial investment, allowing retail traders to benefit from the fast paced movements of the commodity or hedge against currency depreciation. In the past oil trading was only available to large institutions, central banks, hedge funds and high net worth individuals. Thanks to the development of the Internet, more and more small investors are now taking advantage of the daily fluctuations, and the opportunities to benefit from this commodity.
There are many types of oil markers and Capital One Forex offers the possibility to trade the type known as Texas Light Sweet Crude Oil (or WTI - West Texas Intermediate). WTI plays an important role when dealing with risk management within the energy sector, as it has the most trading liquidity, volume and transparency. The price of WTI is often referenced in news reports in oil prices, alongside the price of Brent crude which originates from the North Sea. Trading oil, which includes WTI as well as other types, offers traders a dynamic method of trading commodities online. Oil trading prices are streamed live, giving each trader instant exposure and access to the enticing and lucrative world of commodity trading.
Advantages of Trading Oil:
Build a diverse, multi-product portfolio in one account – add oil trading to foreign exchange or other commodities for an ideal investment mix
Certain currencies, commodities and indices may have a correlation to oil, which can also provide traders with useful insight helping with their trades
Oil prices are volatile, changing on a daily basis which supplies traders with the chance to take advantage of significant price changes
thanx in advance :)