link to Brent price

link to WTl price

link to Exchange Rates

link to GBP/USD

link to GBP/EUR


Brent Crude & West Texas Light Charts..
---------------------------------------------





BP. and RDSB Charts.
------------------------






Gold and Cable Charts.
--------------------------

Silver and Platinum Charts.
-------------------------------







GBP/USD
-----------



GBP/EUR
-----------

I hope MAM can sort something PDQ!

link to Brent price

link to WTl price

link to GBP/USD

link to GBP/EUR

A good day for the brave!

OIL spiking up again this afternoon after slowly losing the ground from yesterday's rise this morning
Brent futures

Bloomberg today - "A Trump presidency could send bullion to $1,395 an ounce, according to more than 20 analysts and traders surveyed by Bloomberg before the vote. Futures were up 2.2 percent to $1,303.51 on Wednesday. Gold is having one of its heaviest trading days ever as investors rushed to havens on concern Trump’s presidency will upend decades of U.S. economic and foreign policy. About 570,000 futures changed hands by 8:06 a.m. in New York, based on data using the most-active Comex contract."

Oil demand won't peak before 2040, despite Paris deal: IEA

Era of fossil fuels appears far from over: IEA chief
5 Hours Ago
IEA Executive Director Fatih Birol gives his views on what a Donald Trump presidency will mean for the oil and gas industry, as well as COP21.

video - Era of fossil fuels appears far from over: IEA chief

Oil down on firmer dollar, set for weekly gain on OPEC hopes

Iraq to Offer New Proposals to Implement OPEC Oil Output Cut - Nov. 20, 2016 5:45 p.m. ET

Proposals to be discussed at Vienna technical meeting Monday and Tuesday

LONDON—Iraq will offer three new proposals at a meeting in Vienna this coming week to discuss implementing an OPEC accord to cut output, Iraq’s Oil Minister Jabbar al-Luaibi said late Sunday, in the latest sign the country is inching closer to resolving its differences with the cartel.

The options will be consistent with OPEC policy and are designed to bolster the unity of the group, said Mr. Luaibi, who has until very recently been at loggerheads with the group over Iraq’s contribution to the reduction. He declined to give details over the proposals.

“Our alternatives are based on other variables and will make it easier for OPEC members to make a decision,” he told The Wall Street Journal.

“All of the options will be logical and in line with OPEC policy,” he added.

The Organization of the Petroleum Exporting Countries agreed in September to reduce output to help draw down a global supply glut that is weighing on oil prices, but left the details of the plan to be worked out later. The group is holding a so-called “technical meeting” at their Vienna headquarters Monday and Tuesday to discuss the mechanism for implementing the September agreement. The technical meeting will prepare for OPEC’s ministerial meeting Nov. 30 in Vienna.

Iraq has been ramping up its oil production for more than two years. Mr. Luaibi has said Iraq should be exempted from cutting production because it needs the revenues to prosecute a costly war against Islamic State. But Friday, Mr. Luaibi said he is optimistic that OPEC will reach an agreement at the Nov. 30 meeting. His comments were followed by similarly positive comments from Iran, which had also been reluctant to rein in its output.

Http://www.wsj.com/articles/iraq-to-offer-new-proposals-to-implement-opec-oil-output-cut-1479681923

Brent crude 5 days

Skinny, apart from the daily Gold chart in the header, all others are now missing, which I assume is due to the revised formatting by MAM?

Unfortunately yes Harry - I've just put the direct links to them in the header.

Gold currently in a down trend. IG hoping for a bounce to $1250 but aware that little support for gold between current price and $1100. That's from a trading perspective, but a few gold miners' sp's also closely correlated to the gold price, so not looking good for them either.

I've added a couple of longer term gold charts.

Cheers skinny. I am trying to exit a trade on OMI and gold price isn't doing me any favours at the moment!

OPEC to debate oil output cut next week but Iraq, Iran hesitate

Gold hit at about 1pm today, any news why out there?

Bullion Desk - "The gold price dropped below $1,200 per oz on Wednesday November 23 for the first time since February this year, buckling under continued pressure from a stronger dollar.

The spot gold price was recently quoted at $1,193.30/1,193.50 per oz, down $18.95 on Tuesday’s close. It had hit a session low of $1,189 per oz.

The dollar index has been holding comfortably above 100. It recently traded 0.79% higher at 101.69 after a run of largely upbeat US data today."

Generally speaking, strong dollar = weak Gold. They inversely correlate.