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Market Flash

Nickel price powers through 3-year resistance level

by ValueTheMarkets • April 19, 2018

The Nickel price has been on a stellar run since the beginning of 2016. Yesterday it made a strong breakout move which continued into today, hitting highs of 16687– levels not seen since 2014. Unsurprisingly, the metal’s price has taken a breather with the RSI indicating it is very overbought. It’s likely the price will consolidate…

Gold and oil on the cusp of breaking out

by ValueTheMarkets • April 18, 2018

The Gold price has hit its head on resistance numerous times this year – it appears increasingly keen to get moving! Over the past month, the precious metal has wound itself up like a coiled spring on the daily chart and is almost reaching a point of unravelling. The weekly chart shows key levels of…

Is the Connemara Mining share price set to bounce after resource estimate? (CON)

by ValueTheMarkets • April 18, 2018

Yesterday, Connemara Mining (LSE:CON), the gold and zinc exploration company, announced a maiden Inferred Resource Estimate at its Stonepark Zinc Project located in Ireland. After an initial modest gain of a few per cent, the share price closed down, and the price has slightly fallen again today to 3.42p as I write. The chart below…

Dow Jones looks bullish as it hurtles towards next resistance at 25,000

by ValueTheMarkets • April 17, 2018

Yesterday, the Dow Jones Industrial Average ($DIA) broke out of a triangular pattern it’s been residing in since hitting highs of 26,700 in late January. Today the index has picked up the pace with a 1% gain as I write, further adding to growing (but certainly very cautious) optimism. The next obstacle the Dow will face is it’s…

Anglo African reports progress on wells TLP-101 and TLP-202 (AAOG)

by ValueTheMarkets • April 17, 2018

Anglo African Oil and Gas (LSE:AAOG) has provided an update on the workovers of TLP-101 and TLP-102 this morning. Post workover, TLP-101 has produced between 80-90 barrels of oil over a 5-day test, an increase of 120%. The well has now been temporarily closed and the company is performing a pressure build up before getting the…

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