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Wednesday , October 21 2020
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Fundamental

Norway Oil Production Leading Oil Market

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 …

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Gold Fundamental Analysis

Gold Market Analysis

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 …

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Silver Analysis

Silver Analysis

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 …

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Crude Oil Analysis Fundamental

Crude Oil

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 …

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Gold Forecasting (Fundamental Analysis)

Gold Forecasting (Fundamental Analysis)

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 …

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Natural Gas Analysis

natural gas

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 …

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