Gold struggles to maintain modest intraday gains amid some buying interest around the US dollar. The pullback in US bond yields could help limit losses amid the prevailing cautious sentiment. The optimistic outlook for central banks should continue to limit any significant gains. The oro advanced during the early part of the trading action on […]
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XAU / USD extends recovery and rises to daily highs at $ 1,866
A combination of factors helps gold regain positive traction on Wednesday. Expectations of an early tightening of monetary policies by major central banks should limit gains. Inflation fears should act like a tailwind and attract new purchases on any pullback. The price of oro (XAU / USD) has achieved some positive traction on Wednesday and […]
WTI Looks Vulnerable Near $ 79 Level, Ignores Iran News and Demand Optimism
Vitol Senior Executive said on Wednesday that world oil demand has risen above 100 million barrels per day (bpd) despite a lack of approximately 2 million bpd of jet fuel demandas reported by Reuters, citing sources familiar with the matter. Earlier this week Russell Hardy, chief executive officer of the commodities trading group, said: “The […]
XAG / USD bulls retain control near multi-month high, above $ 25.00
Silver attracted purchases in the declines on Tuesday and recovered a significant part of the losses overnight. The setup remains tilted in favor of the uptrend and supports the prospects for additional earnings. Dropping below $ 25.00 could still be seen as a buying opportunity. La plata (XAG) It regained positive traction on Tuesday and […]
A relief from the oil price rebound could be on the horizon due to increased supply
The International energy Agency (IEA) has announced this Tuesday that it leaves unchanged its forecast for oil demand growth at 5.5 million barrels per day (bpd) for 2021 and 3.4 million bpd in 2022, Reuters reported. Featured statements “The US oil production will not return to pre-covid rates until late 2022“. “Current oil prices provide […]
WTI tests bullish commitment around $ 79.00, decline remains favored
WTI continues to decline as inflation weighs on appetite for riskier assets. WTI is affected by prospects for a release of the US SPR. US oil is still looking at the breakout of the symmetrical triangle on the daily chart. WTI (NYMEX futures) is hitting multi-day lows and flirting with the $ 79.00 level, as […]
XAG / USD expects a move above Fibonacci retracement around $ 25.00 for more rallies
Silver regained positive traction on Thursday and is flirting with multi-month peaks. The bias appears tilted in favor of bull traders and supports the prospects for further gains. Any corrective pullback now would be seen as a buying opportunity near the mid $ 24.50. Silver again approached the three-month-plus peaks set on Wednesday, with the […]
USD / CAD Sellers Hit 200 DMA, Push Below 1.2450 Again As Crude Oil Rises
USD / CAD has reversed sharply from previous highs at 200 DMA and is back below 1.2450. A surge in crude oil prices has weighed on the pair in recent trading. The USD / CAD it hit fresh four-week highs earlier in the session above 1.2480, but has since retreated below 1.2450 again amid current […]
XAG / USD bulls manage to break above $ 24.20-15 confluence level
Silver attracted some buying in the dips on Tuesday, although it remained below two-week highs. The bias favors the bulls and supports the outlook for a move towards the $ 24.80-85 zone. La plata (XAG) It reversed modest intraday losses and was last seen hovering near daily highs, just below $ 24.50, or two-week highs […]
XAG / USD bulls expect sustained move above 100-day SMA
Silver jumps to a two-week high on Monday, though it lacks continuation. The setup favors the bulls and supports the prospects for further gains. Dips below the $ 24.00 level could now be seen as an opportunity for the bulls. Silver has built on last week’s good rebound from lows of more than two weeks […]
