Gold News

WTI Fails to Recover Above 200DMA; Copper & Gold Affected by Strong Buck

WTI had a modest recovery on Tuesday, but was unable to remain above its 200-day moving average (DMA) of $95. Geopolitical tensions between the United States and China were in the spotlight during Nancy Pelosi’s visit to Taiwan. Copper and gold prices were negatively impacted by the resultant strength of the U.S. dollar, which was compounded by an increase in yields.

Gold News

Oil Price Forecast: Oil to Fall Below $100 Amid Recession Concerns

Recent coronavirus developments acted as an additional negative factor for oil prices. The decline in the oil markets persists. Traders are concerned that a looming recession may depress oil demand. Tomorrow’s EIA report will reveal whether domestic oil output in the United States continues to rise.

Gold News

WTI Price Analysis: Continues to rebound from $103.70 support convergence

WTI recovers from its largest daily loss in a week near key support. Bearish MACD signs, a declining RSI, and the inability to breach the 21-day EMA all favor selling. The convergence of the two-month-old support line and the 100-day exponential moving average inhibits additional declines.

Gold Stocks

Which Oil Stocks Should You Watch?

In 2022, many industries struggled, and the oil business was no exception. Traders are interested to learn which oil stocks to monitor at the moment. Learn about the most popular oil stocks on this page.