The long tail on this week’s candle reflects buying support for spot gold at $1200/ounce. Recovery above $1250 would suggest another rally to $1350. But the 63-day Twiggs Momentum peak below zero warns of a down-trend. 267 more words
SINGAPORE, Dec 4 (Reuters) – Brent crude climbed towards $113 a barrel on Wednesday, while the U.S. benchmark rose more than $1 to a five-week high after news of the scheduled start of a key pipeline helping to relieve a supply bottleneck at the country’s main oil storage hub. 453 more words
Brent crude fell for a second day, reducing its premium over West Texas Intermediate futures as the euro slid against the dollar.
The European benchmark pared its second monthly gain as the euro declined after climbing to a November high in intraday trading. 667 more words