Category: General

Oil closes near 2012 low today

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.

Benchmark U.S. crude on Tuesday lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell by 40 cents to end at $108.41 per barrel in London. Both contracts hit a low for 2012 on Friday at $91.48 and $107.14, respectively.

Oil has declined almost every day this month as elections in Greece and France threatened existing plans to fix the Continue reading "Oil closes near 2012 low today" →

Stops That Make Sense

Posted on by The INO.com Team

By: Jonathan Williams

Stops are a very important component to trading. In my opinion, the most destructive mistake when trading is NOT placing a stop. In this article, we will review types of stops, placement techniques, and at the conclusion, you will understand how to implement stops no matter your trading style. Not only will we cover the basics, but we may be able to troubleshoot existing trader’s issues with stops. If you are being stopped out too frequently, you might want to keep reading.

Stop orders do not necessarily limit your loss to the stop price because stop orders, if the price is hit, become market orders and, depending on market conditions, the actual fill price can be different from the stop price. If a market reached its daily price fluctuation limit, a “limit move”, it may be possible to execute a stop loss order. Continue reading "Stops That Make Sense" →

Chart of the week - Wheat

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

In the past week of trading, I feel that the most impressive chart in the commodity markets was the July Wheat Futures.

The Wheat has been under pressure for more months than I can remember. The selling in the market has been justifiable from a supply perspective after global yields more than met expectations for global demand. An enormous crop was seen in parts of Europe, which has been the biggest weight on the overall prices. Continue reading "Chart of the week - Wheat" →

Stocks May Benefit From Early Bargain Hunting

Posted on by The INO.com Team

(RTTNews) - After falling sharply in recent weeks, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a moderately higher open for the markets, with the Dow futures up by 47 points.

The markets may benefit from bargain hunting following the recent pullback, which has dragged the major averages down to their worst levels in four months.

However, it is worth noting that stocks seemed poised for a rebound in a number of the past few sessions, but buying interest typically Continue reading "Stocks May Benefit From Early Bargain Hunting" →

Precious Metals Market Manipulation?

Posted on by The INO.com Team

By Doug Casey, Casey Research

For many years now, a meme has been floating around that the prices of gold and silver are being manipulated, which is to say suppressed, by various powers of darkness. This is not an unreasonable assertion. After all, the last thing the monetary powers-that-be want is to see is the price of gold skyrocketing. That would serve as an alarm bell, possibly panicking people all over the world, telling them to get out of the dollar. It's assumed, by those who believe in the theory, that the US Treasury is behind the suppression scheme, in complicity with a half-dozen or so large bullion banks that regularly trade in the metals. Continue reading "Precious Metals Market Manipulation?" →