US Crude Suffers Fifth Straight Weekly Loss As Demand Weighs on Industry
Crude oil futures tanked for the fifth consecutive week as a steep drop in global demand and a supply glut continued to weigh on the…
Commodities
Daily Oil, Gold, Silver Technical Analysis March 27, 2020
Gold restart the bullish trend The bearish correction in gold prices immediately reversed yesterday after the test on $1,585 support level. We have a major…
WTI Crude Oil Price Analysis for March 27, 2020
WTI crude oil could be in for another leg lower as price broke below the symmetrical triangle support on its 1-hour chart. Price might be…
Natural Gas (NATGAS/USD) Price Technical Analysis for March 27, 2020
Natural gas could be close to forming an inverted head and shoulders pattern on its 1-hour chart as it bounces off the near-term area of…
WTI Crude Oil Could Hit Sub-$20 Levels Soon On Country Lockdowns
The price of WTI Crude oil could hit sub-$20.00 levels soon amid the impact of the coronavirus pandemic and country lockdowns. The price of light…
Gold Finds Resistance Around $1,640 Despite Poor Jobless Claims
The gold price on Thursday failed to add to the current weekly gains after finding strong resistance around the $1,640 level. Gold has since pulled…
Palladium Hits the Pause Button After 23% Rebound
Palladium futures are taking a breather on Thursday after their remarkable 23% rebound in the middle of the trading week. The industrial metal had plummeted…
Daily Oil, Gold, Silver Technical Analysis March 26, 2020
Gold holding out above $1,600 Gold prices secured a close above $1,600 and open the path toward $1,680 – $1,700. Yesterday, the price corrected lower…