Oil prices under pressure ahead of OPEC meeting
Oil prices continued to decline as the US market opened on Thursday as Brent crude oil continued its losses for a third consecutive day, under…
Commodities
Daily Oil, Gold, Silver Technical Analysis June 21, 2018
Gold checkpoint Gold touched down $1,260 – $1,265 support area with strong bearish momentum. There is nothing to reverse the bearish pressure yet. However, it…
WTI Crude Oil Price Analysis for June 21, 2018
WTI crude oil could be in for more declines as a complex head and shoulders pattern can be seen on its 4-hour time frame. Price…
Daily Oil, Gold, Silver Technical Analysis June 20, 2018
Gold targeting lower level Gold closed down in the previous day after the test of $1,280 result in rejection. Continuous lower close on the daily…
Gold is at its lowest level in 5 months as the US dollar rallied
Gold prices fell on European markets on Wednesday, extending its losses for a fourth straight day, to a five-month low as the dollar rallied against…
WTI Crude Oil Price Analysis for June 20, 2018
WTI crude oil appears to have completed its pullback after the drop, so the Fib extension tools are showing the next downside targets. Price found…
Oil prices resume losses due to prospects for increased production of OPEC and Russia
Oil prices tumbled on Tuesday to resume their losses, which were temporarily halted yesterday as recovery from low levels came amid strong prospects for OPEC…
Daily Oil, Gold, Silver Technical Analysis June 19, 2018
Gold bounced after the retest of $1,280 Gold resume the drop below $1,280 and progressing lower toward $1,260 – $1,265 support area. The bear is…