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Crude oil price (WTI), as expected, increased yesterday by 1.39% for WTI and 2.06% for Brent spot price. Yesterday’s price increase breaks the decline crude oil price has experienced last week as WTI fell by 3.8% and Brent spot price decreased by 1.6%.

For natural gas spot price, the Henry Hub price continues its decline, after falling last week by nearly 5%; yesterday its price fell by a moderate 0.45%. This decrease in price happens despite the cold weather and increase in consumption (as reported in the recent EIA report on natural gas consumption and storage).

Continue reading here the daily recap on crude oil, natural gas and gold prices

Forex Trades 01/11 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.9675
[b]Stop[/b]: 0.9645
[b]Resistances[/b]: 0.987 - 0.9775 - 0.9725
[b]Supports[/b]: 0.96 - 0.963 - 0.966

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/audusd"]AUD/USD - Australian dollar / US Dollar[/url][/b]
[b]Entry[/b]: 0.984
[b]Stop[/b]: 0.988
[b]Resistances[/b]: 0.992 - 0.988 - 0.985
[b]Supports[/b]: 0.971 - 0.975 - 0.982

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...

EURUSD Forecast
The EURUSD was corrected higher yesterday after failed to make a clear break below 1.2884, topped at 1.2963, hit 1.2988 and traded around 1.2940 at the time I wrote this comment in a volatile Asian session. The bias is neutral in nearest term and like I said, any upside correction after strong bearish momentum last week is normal but we are still in major bearish outlook and I still prefer a bearish scenario at this phase. Price is now consolidating, struggling around the neckline of the H&S pattern and I have to wait a little bit longer before my bearish scenario confirmed by a clear break below the neckline and consistent move below 1.2900 key support area, still targeting 1.2700 – 1.2600 this week. Immediate resistance ...

Welcome to the FXReturn.com London Forex Market Call for January 11th.,2011. GBP/USD: Closes near the highs of the session and above the 30 day average creating bullish overtones. A piercing of 1.5663 will spark a rally into the December pivot high at 1.5909. Near term support resides at 1.5432. A breach of 1.5432 will encourage selling down to 1.5344, then the September 7th. low at 1.5295. The Timing Oscillator has turned up from oversold conditions and momentum is rising indicating a rally is on the horizon | GOLD: Closes near the highs of the session, but in a tight range of an inside trading session as the market encounters resistance at $1374.3. Consecutive closes below the 50 day average will keep the bearish posture of the market in ...