Market Analysis

The West Texas Intermediate crude oil market has been struggling at the same level for several days now, as we are sitting just below the 200-day EMA. This is definitely a particularly important technical indicator that a lot of people will follow, so it is not a big surprise that …

Natural gas prices rose higher but were unable to pierce through resistance levels. Demand increased in the latest week due to a spurt in power generation. The weather is expected to be warmer than normal over the next 2 weeks, which should further accelerate power generation. There is no tropical …

Gold futures declined sharply on Wednesday as risk perception continued to improve, with investors anticipating a rapid recovery from a coronavirus-driven economic downturn with investors easing civil unrest in the United States. The market is under pressure as strong global equity markets are forcing investors to rethink their long hedge …

Natural gas prices fell nearly 3% on Friday as inventions produced more than expected. Strong production has kept natural gas prices on their heels despite the continued decline in rig count. Weather is expected to remain warmer than normal in most parts of the United States. The prospect of more …

Oil was under pressure on Friday due to concerns about China’s economic growth. However, the pressure was low as oil was supported by the weekly Baker Hughes rig count report, which showed that the number of US drilling rigs had dropped from 21 to 318. In comparison, the U.S. There …

Natural gas prices fell on Thursday following a weekly inventory report released by the Department of Energy. The release showed that the stockpiles grew in line with expectations of 103 BCF. The weather is expected to be warmer than normal over the next 6-10 and 8-14 days, which will maintain …

US West Texas Intermediate crude oil futures ended higher on Monday, but trade was mostly mixed. Helping to lower prices was the news that Saudi Arabia would voluntarily deepen oil production cuts from June as low oil prices are causing huge pain in the state budget. However, concerns over weak …

West Texas Intermediate and international-benchmark Brent crude oil futures of the US are trading at the top of the last session after a potentially bearish technical reversal on Thursday. The chart pattern so far has not been followed by follow-through sales, but the pattern has not yet been ruled out. …

US West Texas Intermediate (WTI) crude oil futures traded flat in the mid-session after an earlier loss in prices. The market was under pressure from as traders reacted to rising tensions between the United States and China that could put additional pressure on an already strained global economy. At 15:21 …

American West Texas Intermediate and international-benchmark Brent crude oil futures are high on Wednesday, shortly before the opening of the regular season, but rising near the lower end of the range. Markets are reverberating after a two-day decline, with optimism picking up that a meeting between OPEC members and major …