EVG 5.41% 3.5¢ evion group nl

Crude oil prices traded sharply lower again Monday and hit a...

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    Crude oil prices traded sharply lower again Monday and hit a fresh 10-month low of $82.52 a barrel, amid the world economic slowdown worries and risk aversion. Speculators are also being brutally wrung out of the crude oil market. Crude oil has seen serious near-term chart damage inflicted recently. Crude will still be a major "outside market" force for the precious metals, and especially silver.

    In other news, JP Morgan on Monday forecast spot gold prices reaching $2,500.00 an ounce by year-end.

    The London P.M. gold fixing was $1,693.00 versus the previous P.M. fixing of $1,658.75.

    Technically, December gold futures prices closed nearer the session high Monday. Prices produced a very rare "gap higher" trade on the daily chart Monday. Gold bulls have the strong overall near-term and longer-term technical advantage and gained more power Monday. Prices are in a six-month-old uptrend on the daily bar chart and in a 10-year-old uptrend on the monthly chart. Bulls' next near-term upside technical objective is to produce a close above solid technical resistance at $1,750.00. Bears' next near-term downside price objective is closing prices below solid technical support at $1,673.00, which is the bottom of Monday's upside price gap on the daily bar chart. First resistance is seen at $1,725.00 and then at $1,735.00. First support is seen at $1,710.00 and then at $1,700.00. Wyckoff's Market Rating: 10.0.

    Source - KITCO
 
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Last
3.5¢
Change
-0.002(5.41%)
Mkt cap ! $7.980M
Open High Low Value Volume
3.8¢ 3.9¢ 3.5¢ $35.37K 969.7K

Buyers (Bids)

No. Vol. Price($)
2 260020 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 56079 1
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
EVG (ASX) Chart
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