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WTI oil eases as refineries processed less crude
Following the publication of the weekly EIA oil inventories report, WTI crude prices initially fell. The headline drawdown of 5.73 million barrels in US crude stockpiles for the week ending October 13...
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Commodities Technical Analysis, October 16th — October 20th
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of October 15th, 2017: Crude Oil Indicators Moving...
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NACCO Industries – Hamilton Beach = 40% upside
NACCO Industries (NC) with a stock price of $73 and market cap of $454 million (as of mid-September) recently announced a plan to spin-off its housewares-related business to NACCO shareholders...
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Bitcoin Almost Back to $6,000 After Monstrous Dip, Bitcoin Gold Support, and...
Bitcoin has had a vibrant week, which began with a vicious but prompt plunge to the $5,101 weekly low. This was soon followed by a rebound that pushed the price up to the new $6,180 all-time high....
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November: Trend following tendencies
November is one of the best performing months for the major stock indexes and also the beginning of a strong multi-month stretch across all of the stock indexes. It is the month many technicians who...
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New $6,316.85 Bitcoin All-Time High, Bitcoin Cash and Bitcoin Gold
Bitcoin has seen 3 new all-time highs in October alone, with the first being on October 13 at $5,842, the second on October 21 at $6,180, while the third and latest all-time high was achieved...
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CFTC orders Morgan Stanley and Co. Incorporated to pay $350,000 penalty
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Morgan Stanley and Co. Incorporated (Morgan Stanley), a registered Futures...
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Commodities Technical Analysis, November 6th — November 10th
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of November 5th, 2017: Crude Oil Indicators Moving...
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End of the cattle rally
Live cattle prices have risen more than 14% since the September low, and more than 40% since their October 2016 low. This rally has been sufficient to generate a bit of speculative euphoria....
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Increased Bitcoin Volatility, Volume Keeping up Despite Intermittent Selling
Bitcoin price fluctuations have reasonably abated since yesterday, but the prevailing trend does appear to be leaning toward a moderately bearish sentiment. Hourly trading volume has continued to be...
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US tax uncertainty hammers dollar
Republican House and Senate tax plans differ The US dollar depreciated against majors in a week that had few economic indicators for investors to digest and left the market speculating about the...
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Bitcoin Back Above $7,000, Bitcoin Cash, and Alan Greenspan
Bitcoin has enjoyed a rather expedient recovery after its latest drop-off to the $5,555.55 weekly low, in what amounted to a drawn-out 29.57% pullback, which ended up lasting almost 4 days. The...
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Market events to watch for the week of Nov. 20
Market events to watch this week Monday, November 209:00 am EUR ECB President Draghi Speaks 7:30 pm AUD Monetary Policy Meeting MinutesTuesday, November 214:05 am AUD RBA Gov Lowe Speaks 6:00 pm USD...
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Symmetrical Triangle on Daily Chart of Gold
A symmetrical triangle pattern has formed on a daily chart of gold. The pattern appears as prices move largely sideways with ever decreasing volatility and chart starts to exhibit higher lows and...
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STOXX is expanding its footprint in the Asia-Pacific region
DB1’s €200m or 13.2m shares buy-back program announced on 26-Apr will be implemented starting on 27-Nov, and ends on 30-Jun-2018. CME removed a notice posted on its website that said that the Bitcoin...
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Commodities Technical Analysis, November 27th — December 1st
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of November 26th, 2017: Crude Oil Indicators Moving...
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S&P 500 market wrap
The first hour’s signs of inertia in the S&P 500 around the 2600.50 open could have restrained any trending attempt Friday. Or, the influence could have doomed a trending attempt to failure....
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Riding the Eurodollar Rate Curve
There are 40 quarterly contracts available for trading three-month Eurodollar interest rates futures. Currently, you can trade front month September 2017 Eurodollars out quarterly to the September...
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Commodities Technical Analysis, December 4th — December 8th
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of December 3rd, 2017: Crude Oil Indicators Moving...
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BTC USD trades in a bullish impulse
BTC USD is trading in a bullish impulse of a higher degree, labeled as black wave V. We see four of five bullish waves completed from November 11, which indicates that a top can be near. The current...
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