GREAT PACIFIC TRADING LAS VEGAS -ECONOMIC CALENDAR & MARKET OUTLOOK- June 13th-14th, 2013 You can reach me at rroscelli@gptc.com for questions, comments, and information about opening an account with Great Pacific Trading Las Vegas. Follow me on Twitter @richardroscelli **The information and opinions contained herein comes from sources believed to be reliable, but are […]
The cable continues to retreat as expected. We still feel that 1.96 should prove to be strong near term support. We expect some kind of bounce once we reach the 1.96 handle. EUR/USD This pair has also been down trending and here to we expect support at 1.34 to hold in the near term. This […]
June gold futures last week hit a fresh six-week high of $698.00 an ounce. Prices have backed off a bit this week on some profit-taking pressure, but the bulls still have the solid near-term technical advantage. A six-month-old uptrend line is in place on the daily bar chart for June gold futures. The next upside […]
June live cattle futures on the Chicago Mercantile Exchange have seen prices back way off from the early-March contract high of $99.82. Prices late last week hit a fresh two-month low of 91.95 cents. A downtrend line has formed on the daily bar chart for June live cattle futures, drawn off the contract high scored […]
June gold futures on Wednesday morning popped to a fresh four-week high of $681.10, as bulls gained some fresh upside technical momentum. However, prices did quickly back off from the session high, and now $681.10 has become stiff overhead near-term technical resistance. A close near the session high on Wednesday would further encourage the bulls […]
The Grain complex has been on a very good run for many months now. However, with all the pressure we are seeing on foreign markets, Asia in particular, there is an ever increasing possibility of a slow down in the dramatic growth they have seen in recent years. If growth in Asia slows, then many […]
In the world of the Platinum Group Metals (PGMs), no other industrial application is as important as the catalytic converter. While platinum has been the dominant material used in these products since the 1970s, US car manufacturers started moving towards palladium in the latter parts of the last decade due to lower costs and better […]
