StockWeb

Blogging about stocks and ETFs. World stock markets and emerging markets insight.

Subscribe to this blog

Commodity analysis: Crude Oil and Gold

Tags: US markets, USO, GLD, OIL
15 Sep 6:06pm
Read original blog entry
Stock markets are broadly under sell off today after Lehman Bros bankruptcy. Let's leave aside equities and focus what's going on with commodities.

Adam Hewisons produces another two interesting videos with technical analysis for two major commodities. If you like Adam's analysis you can sign up for new articles. Anytime new analysis is published you will receive alert via email. Register for all the latest Trader's Blog postings. Click Here

Crude oil continues its downtrend and hits seven month low at $94. In two months the commodity has lost already 34%. Hurricane Ike didn't cause big damages on oil infrastructure. The price has been sent lower also due to financial turmoils. You can see Adam's analysis for crude oil.




Contrary financial turmoils have helped gold to gain in last days. As concerns over financial system spread over the gold is usually seen as a hedging tool. Find out what is the outlook for gold price.




Related tickers: (OIL), (GLD), (USO)

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment