In the midst of Osama Bin Laden’s death, there were strong market reactions on Monday. It would seem that the 13% plunge of Silver on Monday trading to $42.20 an ounce earlier was the effect of the news. Sadly, this is only the partial trigger. Monday was the first full session after the increase in margin requirements. Initial margin requirements…
Tag: Commodity Prices
Technical Analysis of Crude Oil, Gold | Commodity Prices | CBOT, CME, NYBOT
Political & economic situations should see some light of stability in coming week. Apart from movements in global stock markets, futures market should see further price swings. More importantly, there will be important US economic data to be released this coming week: – Jobless Claims (Thurs)– GDP, Consumer Sentiment (Fri) CRUDE OIL Crude oil has breakout of $93 and since…
Gold / Light Crude Oil – Further strength amidst uncertainty in Egypt – Commodities
Unrest in North Africa (Libya) and the Middle East (Egypt) has sent uncertainties in investors prompting them to look once again in safe haven via commodities – Gold & Oil. Particularly for Gold, with the formation of bullish piercing reversal formation during early Feb 2011, the prices have reversed from the lows of US$1300 to now $1380+. It is poised…