Introduction The crude oil futures market faced a significant shift on Thursday as both open interest and volume experienced a noticeable decline. Open interest, which represents the number of outstanding contracts, resumed its downtrend, decreasing by approximately 11.6 thousand contracts. Volume, closely correlated with market liquidity, followed suit and shrank

Introduction The natural gas market experienced a significant decline for the third consecutive session on Thursday, as prices faced initial contention around the $2.60 mark per MMBtu. Despite a small increase in open interest, diminishing volume indicates a consolidation phase in the commodity’s pricing. In this article, we will explore

WTI crude oil is experiencing a mild gain, hovering around $72.00 per barrel in early Thursday trading in Europe. Despite struggling to refresh a two-week high, the black gold continues to trade within a rising trend channel that has been in place for the past week. Investors and traders are

Open Interest Reverses Downtrend, Surges by Approximately 4.3K Contracts The crude oil futures market witnessed a noteworthy turnaround on Wednesday as open interest, a key indicator of market sentiment and participant involvement, reversed its multi-session downtrend. With an impressive surge of around 4.3K contracts, market participants displayed renewed interest and

Introduction Natural gas prices witnessed a modest decline on Wednesday, reflecting a noteworthy shift in market dynamics. This decline occurred alongside an increase in open interest and trading volume, suggesting a potential continuation of the corrective decline in the near term. Since March, the natural gas market has been experiencing

Silver prices have experienced a notable surge in recent days, as the white metal continues to attract buying interest for the fifth successive day. Throughout the early part of the European session, silver remained resilient, holding onto modest intraday gains. Currently trading around the $23.20-$23.25 region, silver has gained nearly

Introduction Gold price (XAU/USD) encountered significant selling pressure during the European session, as it struggled to maintain its position above the crucial resistance level of $1,920.00. The precious metal’s performance has been hindered by the hawkish stance of Federal Reserve (Fed) policymakers, as revealed in the recently released minutes of

Introduction The XAG/USD (silver) price experienced a fade in upside momentum near the weekly high around $23.00 during the early Asian session on Wednesday. This follows a four-day uptrend, prompting silver bulls to take a breather within a two-month-old falling wedge bullish chart formation. This article delves into the details

Introduction The Natural Gas (XNG/USD) price continues to exhibit strength, maintaining a firm position around $2.75 during early Wednesday trading. This marks an extension of the previous day’s upward momentum, even in the face of a sluggish Asian session. The price action is currently grappling with a critical juncture, with

Introduction Crude Oil price has encountered a significant hurdle in recent trading sessions as a convergence of key technical indicators limits its immediate upside potential. The convergence of a five-week-old descending resistance line and the 50-day moving average (DMA) at around $71.30 has become a critical zone to watch. This

The price of WTI crude oil has taken a hit as it reverses the gains from the previous day, trading near $71.00 and down 0.50% intraday. The black gold is facing downward pressure due to the release of downbeat China data and challenges to market sentiment in a sluggish Asian

Introduction The gold market has recently encountered a noteworthy obstacle as the price of the precious metal reaches a crucial resistance level of $1,930. This resistance is determined by a confluence of technical factors, including Fibonacci retracement levels and the previous high on a four-hour timeframe. Such indications prompt traders