Browse posts tag by Energies

U.S. Indices Trade Modestly Lower

U.S. markets are hovering near their session lows half way through the lunch hour on Wall Street Friday, though losses are quite modest at this point. The S&P 500 is trading down by 0.23%, with the Dow 0.22% lower and the Nasdaq losing 0.22% as well. Ten of the eleven S&P sectors are trading in the red currently, with only the oil-sensitive energy sector trading higher.  The technology sector continues to flirt with unchanged levels, having

Comex Gold Price Analysis & News

December Comex gold futures retreated some ground just before the cash market opening. Gold could be affected by some negative pressure in case U.S. Treasury yields are further extending the rising path. In case the market manages to recover and closes higher today, then this will suggest in that gold traders are expecting the December Fed rate hike. The primary trend is on a decline according to the D1 swing chart. This trend will turn up

Crude Oil Prices Rise From Monday

Crude oil prices managed to slightly incline during yesterday’s session amid comments about an OPEC output cap seemed to overshadow the high inventory build up, according to the Department of Energy on Wednesday. Support is close to the 10-day moving average at 44.76. Resistance is at the late September highs at 47.77. Momentum has gained momentum as the MACD (moving average convergence divergence) index generated a buy signal. This takes place as the spread (the 12-day