WTI prices are moving within the usual range around $ 40.00. The next major resistance emerges around $ 41.50, monthly highs. Below is the API’s weekly crude oil supply report. WTI barrel prices they extend the consolidation mood for yet another session on Tuesday, always around the key $ 40.00 level. WTI attentive to the […]
Tag: Raw Materials
XAU / USD Struggles for Direction, Stuck in Near $ 1,900 Range
Gold now appears to have formed a symmetrical triangle on short-term charts. Neutral technical indicators warrant caution before placing directional bets. Gold extended its consolidation sideways movements during the early North American session and remained confined in the tight trading range, around $ 1,900. Looking at the technical landscape, the XAU / USD has been […]
WTI climbs back above $ 41 level before API data
WTI is looking to retest the monthly highs of $ 41.47. The USD weakens as risk appetite sentiment improves ahead of the US fiscal stimulus deadline. The OPEC + meeting offered no signs of further production cuts. The WTI (NYMEX futures) is moving higher during the European session on Tuesday, as the bulls struggle to […]
XAU / USD remains within the familiar range near the $ 1,900 level
Gold remains trapped within a tight range around the $ 1,900 level. The three-week uptrend line limits the immediate decline. The 200-period SMA and monthly resistance line will test the bulls. Gold prices remain trapped within a tight range around the $ 1,900 level at the start of the European session on Tuesday. In doing […]
XAU / USD remains capped below the $ 1,900 area
The recovery for gold remains limited below the $ 1,900 area. XAU / USD has been fueled by USD weakness with a rebound in risk appetite.Gold futures have opened the week on a positive note, helped by a slightly lower US dollar amid a more optimistic market environment. The yellow metal has bounced to a […]
Gold pulls back from multi-day highs, still well offered above $ 1,900
Gold regained positive traction on Monday amid a strong sell around the USD. Risk appetite, rising US bond yields kept any strong positive momentum limited. Gold spiked to multi-day highs, around the $ 1918 region during the early days of the American session, although it quickly lost around $ 10 thereafter. The precious metal managed […]
WTI retreats from monthly highs near $ 41.50 before OPEC + meeting
WTI returns an initial move at $ 41.45, still near monthly highs. US oil is virtually unchanged on the day amid below-expectations China’s GDP and bullish equity markets. OPEC + will discuss the weakening outlook for oil demand. He WTI (NYMEX futures) back from monthly highs near $ 41.47 and remains virtually unchanged on the […]
Gold rises to daily highs near $ 1,911-12 region; the climb seems limited
A softer tone around the USD helps gold regain positive traction on Monday. Risk appetite sentiment and a rally in US bond yields could limit strong gains. The bulls could expect a sustained move above a two-month downtrend line. The gold has moved higher at the start of the European session on Monday, rising near […]
WTI Crude Oil Drops From Session Highs Toward $ 40.00 Following Baker Hughes Data
WTI futures are down from session highs near $ 41 after the Baker Hughes report was released. US oil rights increase for the fifth week in a row. Crude prices are stable around $ 40. WTI prices They are falling from session highs at $ 40.90 after Baker Hughes reported the fifth consecutive rise in […]
XAU / USD without direction around $ 1,900 / oz
Gold alternates profit and loss around the $ 1,900 area. The 100-day SMA near $ 1,870 maintains the monthly decline so far. Inconclusive price action in the dollar weighs on the yellow metal. Gold prices They are trading without clear direction at the end of the week, although they do manage well to stay above […]
