Natural gas prices are encountering persistent pressure, remaining at approximately $2.67, even after displaying slight intraday gains during the early hours of trading in Asia on Friday. This continued defensive trend follows a failed attempt to rally from a horizontal support zone that has been in place for the past
The price of silver (XAG/USD) is currently licking its wounds as it hovers around the $22.60 mark in the Asian market. After experiencing a decline over the past two days, the silver market finds itself in a state of consolidation, with traders seeking clear directions amidst a backdrop of upbeat
The price of gold experienced a significant decline, falling below the $1,900 threshold and hitting a 3.5-month low in the previous day’s trading session. This drop was primarily fueled by robust US economic data, which heightened expectations that the Federal Reserve would announce additional interest rate hikes in the near
WTI crude oil continues its upward trend for the third consecutive day, approaching the $70.00 mark amidst a combination of factors influencing the market sentiment. The black gold maintains a steady pace, supported by a range of mixed catalysts, while investors remain cautious ahead of crucial US inflation data and
The global oil market has been closely monitoring the price movements of Brent crude oil in recent months. After experiencing a swift rebound from its low of $70 in March, Brent crude oil has encountered challenges in maintaining its upward momentum. Despite multiple attempts to break through the 50-day moving
Natural Gas Price Consolidates Weekly Losses In Thursday’s mid-Asian session, the price of natural gas (XNG/USD) continued to consolidate its weekly losses, hovering around $2.66. This comes after experiencing significant declines over the past two consecutive days. The market is closely monitoring the price movements and exploring the factors that
WTI Crude Oil Buyers Maintain Control for Second Day WTI crude oil buyers have continued to dominate the market, holding the reins for the second consecutive day. Despite reaching the weekly low, the energy benchmark remains resilient, displaying a 0.33% intraday increase to $69.45 by early Thursday. This article explores
Silver, often referred to as the “bright metal,” faced another setback as its price dropped to $22.70 against the US Dollar (XAG/USD). This decline comes as silver struggled to overcome the 50-day Simple Moving Average (SMA) resistance level, further highlighting the prevailing challenges for the precious metal. At the core
Gold Price Extends Losses, Tests Key Support at $1,900 Amidst Selling Pressure The gold market witnessed a fresh wave of selling as the XAU/USD struggled to sustain its earlier intraday uptick to the $1,912-$1,913 range. This downward momentum marked the fourth successive day of declines, pushing gold prices into negative
The WTI market witnessed a significant drop in prices on Tuesday, driven by a combination of unchanged open interest and a notable surge in trading volume. This article delves into the factors behind this sharp decline and explores the potential for further drops in the commodity in the near future.
Natural gas prices experienced a modest retreat on Tuesday, signaling a temporary pause in the strong recovery that has been underway since mid-June. This downtick coincided with a significant drop in open interest, creating a potential pathway for further gains in the very near future. However, the market now faces
Silver experienced an intraday uptick to the $22.95 area on Wednesday, enticing several sellers to enter the market. As the European session approaches, the white metal is currently trading with a mild negative bias around the $22.80-$22.75 region. Despite a minor decline of less than 0.20% for the day, silver