The recent price increase has been exacerbated by a shortage of fuel to Northern Ireland.
Gasoline prices, reflecting recent price increases granted to Petrobras (PBR), rose 4.10% from January.
The weekly and monthly OBVs (not shown) are positive and have confirmed the recent price highs.
The market is seeing a bit of profit-taking pressure and is consolidating after recent price gains.
FORBES: Comex Gold Weaker On Consolidation From Recent Price Gains
Still, recent price action hints the crude oil market has put in a near-term bottom.
FORBES: Comex Gold Soars to New Record-High on Strong Safe-Haven Investment Demand
The market is seeing a corrective, profit-taking pullback from recent price gains, which is not surprising.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Lower On Profit-Taking Pressure From Recent Gains
Silver prices are likely to stay volatile as the market works through the recent price swings.
FORBES: METALS OUTLOOK: Gold Seen Steady To Higher Next Week After Recent Weakness
However, recent price action hints the crude oil market has put in a near-term bottom.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Solidly Higher Following Weak Euro Zone Economic Data
Though nobody expects another big decline this year, recent price rallies look unlikely to last.
The market saw some profit-taking pressure and did some consolidating on the chart after recent price gains.
FORBES: Comex Gold Ends Lower On Corrective Pullback, Consolidation
Recent price action is suggestive of a market low being in place for the U.S. dollar index.
The few survey participants who are bearish said are skeptical about the recent price strength in gold.
But a recent price run-up from DKK450 to DKK620 over the last year has mosty closed the gap.
The weekly OBV broke through resistance, line c, last July and has clearly confirmed the recent price highs.
Recent price action in the dollar index does hint that the index has put in a market low.
FORBES: Comex Gold Goes Parabolic, Hits New Record High of $1,782.50
The recent price pullback in gold is not unhealthy for a market that is in a longer-term bullish uptrend.
The force said recent price rises of copper and aluminium were thought to be behind the spate of incidents.
BBC: NEWS | UK | England | Southern Counties | Price rises 'behind metal thefts'
Based on the recent price, BCE stock has a projected dividend yield of 5.5% over the next 12 months.
At its recent price, SWZ trades at or near a 14.8% discount to the underlying value of its portfolio.
Recent price action has negated a six-week-old uptrend on the daily bar chart.
FORBES: Comex Gold Weaker on Technical Selling, Firmer U.S. Dollar
Recent price action in the dollar index suggests the index will trade choppy and trendless in the near term.
FORBES: Comex Gold Hits New Record High above $1,600.00; Silver Pushes Above $40.00
That suggests fund buying may be behind some of the recent price increases.
The market saw short covering and bargain hunting buying interest and is working to consolidate recent price action on the charts.
Recent price action is suggestive of a market low being in place.
However, the expectation of a minor improvement in the data was based upon the assumption that some recent price gains would be reversed.
FORBES: Euro GDP And U.S. Housing Hammer Stocks, Boost Bonds And Safe Plays
It goes on: not only do Obama states have more Housing Misery and a weaker recent price recovery: they also are much less affordable.
However, recent price action suggests the bulls are working on forging a near-term low, but they have more work to do to confirm such.
Janjigian notes that investment risks include rising raw material and transportation costs, but he also points out that recent price increases should keep earnings strong.
In contrast, the recent price increase is largely due to strong demand for oil because of a booming global economy, especially in America and China.
ECONOMIST: How should central banks respond to a rise in oil prices?
As we have reported previously on ManagingTheDragon.com (MTD), Andy believes that much of these recent price increases are food related and due primarily to weather conditions.
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