Market Analysis

US West Texas Intermediate and international benchmark Brent crude oil futures ended sharply last week with a rally driven by concerns over supply disruptions. The catalyst that raised prices was a strike in Norway and production involving Hurricane Delta was discontinued. However, this week does not rely on similar factors …

Natural gas prices rose slightly on Thursday. This was followed by the Energy Information Administration’s Natural Gas Inventory Report. The weather is expected to be milder and warmer than normal for the next 2 weeks, which should reduce heating demand. The storm delta continues to churn in the Gulf of …

We all know that the second quarter was disastrous for the US economy. And now, it is official. Last week, the Bureau of Economic Analysis published the third real GDP estimate in Q2. According to the report, real GDP is an annualized rate of 31.4 percent (slightly better than the …

US West Texas Intermediate and international-benchmark Brent crude oil futures fell sharply with last week’s selloff after US President Donald Trump tested positive for COVID-19. Other catalysts behind the weakness were a stimulus package, a sluggish US labor market and lack of progress on rising global oil production. All these …

The silver market touched almost 70000 during the trading session on Tuesday. The 70000 levels have offered a significant amount of resistance in the past, so it makes sense that we could pull back even further. However, a ton of added market support is down as well. Support starts at …

Brent crude oil futures, an international benchmark at the West Texas Intermediate in the US, fell sharply last week, as weaker ones finally threw the towel amid market demand fluctuations for the past four weeks. Two stories dominated the price action – an unexpected Saudi price cut and an increase …

Gold futures were at a high last week after recovering from initial conflicts. Gold strengthened on Monday as the dollar strengthened, although economic uncertainties limited losses for the precious metal as investors awaited developments at central banks. After a sharp decline at the start of the session on Tuesday, gold …

Natural gas prices are steadily rising 4.1% after climbing a strong 16.7% on Monday. Most of the US weather is expected to remain warm for the next two weeks as demand for natural gas increases. There is a disturbance in the Atlantic Ocean that has a 30% chance of forming …

Natural gas prices closed higher on Tuesday but were initially lower, and unable to remove short-term resistance. According to the National Marine Atmospheric Administration, the weather is expected to be warmer than normal in the next 8-14 days. There is no tropical cyclone activity in the Atlantic or Gulf of …

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 …