Daily Oil, Gold, Silver Technical Analysis | August 05, 2021
Gold failed breakout above SMA 200 The bullish movement in gold prices broke above the daily SMA 200 yesterday. However, the price could not maintain…
Commodities
WTI Crude Oil Price Analysis for Aug. 5, 2021
WTI crude oil has formed lower highs and higher lows to consolidate inside a symmetrical triangle visible on its 4-hour chart. Price is approaching the…
Natural Gas (NATGAS/USD) Price Technical Analysis for Aug. 5, 2021
Natural gas continues to trend higher on its 4-hour chart, as price bounced off the ascending channel support and is climbing past the mid-channel area…
WTI Crude Oil Extends Monthly Declines to New 2-Week Lows as US Inventories Soar
The WTI Crude oil price on Wednesday extended this month’s declines to a new 2-week low of about $67.97 amid increasing US inventories. The light…
US Crude Plunges 3% Below $69 on Supply Build, Delta Variant Concerns
Crude oil futures added to their losses in the middle of the trading week after the US government reported a surprise increase in domestic stockpiles….
Daily Oil, Gold, Silver Technical Analysis | August 04, 2021
Gold continues sideway There is no breakout from the $1,800 and daily SMA 200 range yet. Gold prices continue trading sideways between the two levels…
WTI Crude Oil Price Analysis for Aug. 4, 2021
WTI crude oil is trending lower on its short-term charts, as traders expect a buildup in global supply from August to December. However, the longer-term…
Natural Gas (NATGAS/USD) Price Technical Analysis for Aug. 4, 2021
Natural gas is resuming its climb, as it bounced off the rising trend line on the 4-hour time frame and is testing the first upside…