Crude Oil price is now hovering at its 4 years low. Crude oil price has now fallen to $65 per barrel and market analysts are expecting the price to fall much more. Some market analysts are predicting another possible 25% fall in the crude oil price. OPEC may be trying to cause pain for the… Continue reading How Low Can Crude Oil Price Fall? Is This The Start Of Another Credit Crisis?
Category: Commodities
Gold Traders: There Is Nothing To Support Gold
Gold traders are waiting for the gold price to burst out of the triangle pattern. Gold is too oversold and it needs to rebound before it can again start its journey south. One indicator gold watchers like Bankoff are eyeing is a triangle pattern that has formed for gold on a weekly chart (shown), and… Continue reading Gold Traders: There Is Nothing To Support Gold