
Forecast of Crude Oil Prices – Crude Oil Markets Pull Back Again
We are currently below the 50-day exponential moving average (EMA) for both grades of crude oil that I track on Wednesday’s trading session.
Everything you need to know about gold news.
We are currently below the 50-day exponential moving average (EMA) for both grades of crude oil that I track on Wednesday’s trading session.
The silver market opened Wednesday’s trading session with a gap to the downside and is currently trading slightly over the $19 level.
Wednesday’s trading session on gold markets has been rather calm, as the market continues to oscillate around the $1680 level.
The natural gas markets originally attempted to rebound during Wednesday’s trading session, but the 200-day exponential moving average (EMA) proved too difficult to surpass.
Gold markets have retreated to begin Thursday’s trading session, but have attempted to recover by reversing some of the selling pressure.
The natural gas markets climbed somewhat during Thursday’s trading session, only to surrender those gains once more.
Thursday’s trading session saw a little decline in silver markets, but these declines have continued to attract buyers. In other words, the markets are once again contracting.
The crude oil market has fluctuated during Thursday’s trading session, but the overall sentiment remains negative.
Initially, the silver market attempted to advance, but encountered resistance at the key downtrend line.
As the U.S. dollar continues to function like a wrecking ball that destroys practically everything, gold markets have declined significantly during the week.