Wealth Creation Through Natural Resources
Daily Commodity Chart Wrap 2/26/2015: Brent Crude Oil (Daily) Brent crude remains in an uptrend above $60. Copper (Daily) Very impressive move in copper today as it surged above the falling 50-day simple moving average. Previous … Continued
We have highlighted many head & shoulders bottom patterns during the past few months as oil and precious metals stocks have bottomed and begun to turn higher. I want to go into a bit more detail explaining the H&S bottom … Continued
Shares of Newfield Exploration (NFX) soared yesterday following its Q4 2014 earnings report and conference call in which the company outlined a vastly reduced capital budget. NFX management decided to use the spike in share price to raise roughly $700 … Continued
Daily Commodity Chart Wrap 2/25/2015: Copper (Daily) Copper is testing an important confluence level ($2.67-$2.68). The next couple of sessions will be crucial in determining whether the February rally is simply a dead-cat bounce or something more substantial. … Continued
As WTI crude oil tests an important area of support/resistance near $49 there are some signs that crude prices could ultimately fall below $40 if certain supply conditions remain present. The global crude oil supply/demand balance is very delicate to … Continued
Rob Hanna over at quantifiable edges has an excellent post up this morning which highlights what has historically happened when there are large intraday rallies such as the one we saw on Friday which are followed by tight consolidations like we … Continued
This is the first Daily Commodity Chart Wrap at Energy and Gold.com. Each day we will select a few of the most important commodities charts to post along with some light commentary. West Texas Intermediate Crude Oil (Daily) WTI fell … Continued
The yield on the 10-year US Treasury note has surged 50 basis points in the past few weeks and in turn gold has fallen nearly $100/oz. The negative correlation between yields and gold has been strong for the last 6 years … Continued
What began as a garden variety pullback after a white hot ~25% rally in the first 3 weeks of the year has turned into a full blown double-digit correction with a retest of crucial support/resistance currently underway: The ~$20 … Continued
Some market commentators like to post bold headlines that make outrageous claims such as “Stock Set to Double in 3 Months” etc. While I do expect the junior resource sector to trade at multiples of current levels over the coming … Continued