Commodities Look to Book Further Gains this Week
March 7, 2011 9:29 am by Russell GlaserRecord commodity prices have been a sharp reminder of how uprisings in the Middle East are playing out in the commodity markets. Currently crude oil, gold, and silver all stand at their 2011 highs.
Spot Crude Oil Rises to Key Technical Level
February 25, 2011 7:15 am by Russell GlaserThe rise in spot crude oil prices may have technical implications as this week’s high coincides with a key Fibonacci level.
Spot Crude Oil Leaps above the $100 Barrier
February 24, 2011 12:33 pm by Russell GlaserIn early European trading the price of spot crude oil eclipsed the psychological barrier amid global supply concerns and continued violence in Libya.
Spot Crude Oil Rises Following Retracement to Fibonacci Level
February 18, 2011 3:17 pm by Russell GlaserHealthy trends typically will have technical corrections and the recent price action for spot crude oil appears to be no different.
Traders Eye Fed Statement and Crude Oil Inventories
January 26, 2011 12:19 pm by Russell GlaserAs the US trading session nears, traders are anticipating the FOMC statement as well as US crude oil inventories. Prior to the releases both the euro and crude oil are trading higher on expectations for the Fed to follow through ...
Spot Crude Oil – Buying the Dip
January 24, 2011 8:08 pm by Russell GlaserA 4-day decline from spot crude oil’s 2.5 year high at $93 has set up an opportunity to go long on the commodity that is trending higher.
Spot Crude Oil Prices Recovers
January 21, 2011 3:28 pm by Russell GlaserSpot crude oil prices have come off of their lows from Thursday following strong economic data.
Crude Prices Breach $90
December 24, 2010 10:34 pm by Russell GlaserThe price of spot crude oil rose to a two year high on Thursday, moving above $91 a barrel following the release of better than expected economic data. The strong US economic reports hint at a US economy that appears ...
Crude Oil Prices Fail to Breach $90
December 21, 2010 6:17 pm by Russell GlaserTraders look to compound on yesterday’s gains as the spot crude oil approaches the $90 level. However, the rise in price may be capped by the psychological price level as low liquidity in the markets impact volatility and another round ...
Irish Downgrade Sends Euro Lower
December 9, 2010 4:08 pm by Russell GlaserA downgrade in the sovereign debt rating of Ireland by Moody’s had traders selling the euro this morning. The Bank of England also held interest rates steady and did not change the Asset Purchase Facility.
