The price of Chicago WTI crude oil futures is up 1.53% at $113.47 per barrel on mid-Wednesday trades. Crude oil prices gained for a fourth consecutive days on Wednesday with tight supply worries offsetting concerns about a weaker global economy. With countries accounting for 20% of global oil producing...
The price of Chicago WTI crude oil futures is down 6.84% at $102.03 at mid-Wednesday trades. Prices of oil tumbled on Wednesday as U.S. president, Joe Biden plans to cut fuel costs for drivers over concerns of a potential economic recession after the Fed recently hike its rate by...
The price of COMEX gold futures is up a mere 0.01% at $1840.8 per troy ounce on mid-Monday trades. Gold price is trading flatly around the $1840-level after witnessing a fall in the previous week. The recovery in risk sentiment bodes ill for the safe-havenasset. The upside in gold...
The price of Chicago WTI crude oil futures is down 0.11% at $118.80 per barrel on mid-Wednesday trades. Oil prices declined on Wednesday as the market balance fears of tight supply with concerns over fuel demand and global economic growth, ahead of an expected big hike in interest rates...
The price of COMEX gold futures is down 1.39% at $1,849.5 per troy ounce on mid-Monday trades. Gold started the week on a bearish note, correcting sharply from its past five-week peak of $1,879. The inverse correlation between the yellow metal and the US treasury yields is back in...
The price of Chicago copper futures is down 1.46% at $4.3895 per pound on early-Thursday trades. Copper price surged last week after China launched a $120 billion credit line for mega infrastructure and Green Energy projects to stimulate the economy. Commodities, including copper, are at hovering at an all-time...
COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading above all SMAs: MA (20), MA (50), and MA (100). RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness. The immediate support...
The price of Chicago Copper futures is up 3.74% at $4.4910 per pound on mid -Thursday trades. The lifting of COVID-19 restrictions in top metals consumer, China buoyed hopes of demand recovery, although a strong US dollar limited the upside. The resumption of work and production in Shanghai is...
The price of Chicago WTI crude oil futures is up 1.51% at $116.40 per barrel on mid-Wednesday trades. Oil prices rally on Wednesday as the European Union leaders agreed to a partial and phased ban of Russian oil and as China ended its COVOD-19 lockdown in Shanghai. The EU...
COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading below its previous upward channel. It is trading below MA (20) and MA (50) but above MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate...
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