Silver bulls are picking up pace ahead of the next move up. XAG / USD has achieved a descending wedge breakout on the 1 hour chart. The 100 hourly SMA offers immediate resistance, with a bullish RSI. Silver (XAG / USD) is testing the resistance of the downward sloping 100 hourly moving average at $ […]
Tag: Raw Materials
WTI drops to 2-day lows near $ 39.40 ahead of EIA report
WTI prices fell below $ 40.00. The API reported an unexpected drop of 5.4 million on Wednesday. The weekly EIA report appears next on the economic agenda. Crude oil prices erase the recent advance to highs beyond the $ 41.00 per barrel mark and fall to 2-day lows in the region of $ 39.40 on […]
XAU / USD dips below $ 1,900 before US data.
XAU / USD is trading in a tight range below $ 1,900 on Thursday. Wall Street seeks to open the day in the red. The US Dollar Index rises to new weekly highs above 93.70. The pair XAU / USD It closed modestly higher above $ 1,900 on Wednesday but struggled to push higher on […]
Weakened WTI falls below $ 40 amid retracement in stocks
WTI falls more than 2% after rising for two days. Sharp decline in European markets and in Wall Street futures put downward pressure on oil. Ahead: US and EIA inventory data. Crude oil prices are falling significantly on Thursday after having risen sharply in the previous two days. WTI is trading just below $ 40, […]
Gold remains stable near the $ 1,900 level
A modest pickup in USD demand puts some pressure on gold prices. A new downward movement in stock markets helps limit deeper losses. He oro moves slightly lower during the European session on Thursday, staying within the range of the previous day near the $ 1,900 level. The precious metal came under further selling pressure […]
Gold Price Analysis: XAU / USD dips towards $ 1,900, gains more than $ 10
Gold has entered a consolidation phase after climbing above $ 1,910. Market sentiment turns sour with the latest headlines on the US stimulus talks. The US dollar index remains on track to close in negative territory. The troy ounce of the precious metal fell to its lowest level in nearly a week at $ 1,882 […]
WTI rises to new highs above $ 41.00 before API
WTI prices rise and return to the $ 41.00 level. The EIA forecasts a significant drop in global crude stocks in the fourth quarter of 2020. The API will release its weekly report on US crude oil supplies later. US Reference Barrel Prices for Light Sweet Crude they climbed to 3-day peaks above $ 41.00 […]
Oil: WTI falls back after IEA fragility outlook, remains in the $40 zone
Dollar and markets with lateral movements favor low volatility in oil. WTI loses steam and fails to assert itself over $ 40. He Oil price is falling less than 1% on Wednesday, after the International Energy Agency (EIA for its acronym in English) warned that the outlook in the market remains “fragile”, affected by the […]
