The West Texas Intermediate (WTI) crude oil market experienced a significant upswing in recent days, registering an impressive 1.89% weekly gain. On the brink of closing at $76.80, the market rallied with prospects of a potential Chinese stimulus package aimed at bolstering their economy. However, the rise was tempered by.
Introduction Gold, one of the most sought-after precious metals, wrapped up the trading week with significant movements in the XAU/USD market. Traders and investors closely monitored the yellow metal’s performance as it approached the 100-day Simple Moving Average (SMA) of $1,962. Despite a minor 0.30% decline, gold recorded its third.
Introduction CME Group, a leading derivatives marketplace, released its flash data for the crude oil futures market, indicating a downward trend in open interest positions and trading volume. The data revealed that traders have reduced their open interest positions for the fourth consecutive session, resulting in a decline of approximately.
Introduction The oil market is witnessing an upswing in Western Texas Intermediate (WTI) crude oil prices this Friday, with trading hovering around the $76.20 mark. Investors and analysts are closely monitoring the situation, especially after the latest report from the Energy Information Administration (EIA). In the week ending July 14,.
Introduction The natural gas market experienced a significant surge in prices on Thursday, as it approached the crucial $2.80 region. Despite the daily gains, concerns arose amidst diminishing open interest, hinting at a possible correction in the near future. Traders are keeping a close eye on solid resistance levels, including.
In a notable development, the silver market witnessed a significant resurgence on Friday, as the white metal garnered fresh buying interest. This comes after a sharp retracement slide from the $25.25 area, which had been its highest level since May 11. Market participants are now closely monitoring silver’s intraday gains.
Introduction The price of gold has entered a period of consolidation following a recent pullback from a two-month high of $1,987.50. Investors are closely monitoring the developments in the US Dollar Index, which has shown remarkable resilience ahead of the Federal Reserve’s upcoming monetary policy decision, scheduled to be announced.
Introduction The price of Western Texas Intermediate (WTI), the benchmark for US crude oil, experienced a slight dip on Thursday, currently standing at approximately $75.40. This article delves into the factors influencing the downward movement and the significance of Sino-US relations in shaping the future trajectory of crude oil prices..
Gold, often considered a safe-haven asset, faced a significant setback in recent times as its prices dipped below the $1970 region. However, a glimmer of hope emerged on Wednesday as prices rebounded, hinting at a potential resurgence. In this article, we delve deeper into the factors influencing the market, including.
Introduction: In a notable development for the Crude Oil Futures Market, open interest has seen a decline for the second consecutive session, shedding approximately 59.3K contracts on Wednesday. The drop in open interest was followed by a decrease in trading volume, which went down by around 52.3K contracts after experiencing.
Introduction The silver market has experienced a surge in price as the Asian session kicks off, with silver reclaiming the $25.00 mark. This upward movement has been bolstered by a combination of factors, including weak economic data from the United States (US), subdued inflation reports in Canada, and a “dovish”.
Natural gas prices, represented by XNG/USD, have maintained a sideways movement around the $2.60-61 range during the early hours of Wednesday’s Asian session. This follows a remarkable recovery from the 100-day moving average (DMA) and raises questions about the bearish MACD signals observed. Additionally, the relative strength index (RSI) line.