Crude oil and gold prices are likely to look beyond near-term volatility to focus on Friday’s US jobs report as the source for lasting directional guidance.
Crude oil prices break monthly uptrend, expose support near $42/barrel
Gold prices in corrective... (full story)
Phil Flynn - The PRICE Futures Group - Wed May 04, 9:00AM CDT
All of a sudden it looks like global growth is trailing off raising more concerns about oil demand. Yesterday weak data out of China and warnings for the International Monetary fund about Asian economic growth, hit oil and industrial metals. Weak U.S. factory orders also raised worries once again... (full story)