
Crude Oil Price Prediction – Crude Oil Markets to Continue Slightly Declining
Monday’s trading session saw a little decline in crude oil prices, as the commodity continued to appear relatively weak.
Everything you need to know about gold news.
Monday’s trading session saw a little decline in crude oil prices, as the commodity continued to appear relatively weak.
The silver market has exhibited a great deal of volatility over the past few days, initially falling on Monday before being repurchased.
Monday’s trading day began with a decline in natural gas prices, but the markets soon showed signs of life again. By doing so, the market appears to be attempting to achieve the above-mentioned key moving averages.
It appears that the trend line is attempting to reestablish its significance, as gold markets have retreated somewhat during Monday’s trading session to begin off the week.
We continue to observe a great deal of erratic behavior on the natural gas markets throughout Thursday’s trading day.
Crude oil prices have suffered again on Thursday, as concerns regarding demand continue to cause severe challenges for this sector.
The silver market has declined during Thursday’s trading session to test the 200-day exponential moving average. In this manner, the market appears to be questioning the trend.
Natural gas prices decreased toward $5.75. At $1785, gold tested resistance. After the release of the EIA data, WTI oil prices continue to fall. The price of natural gas fell toward the bottom of the current trading range. Gold is attempting to surpass the resistance level at $1785 as Treasury yields retreat.
The gold price has fallen to approximately $1,763.00 as the risk-on profile has diminished. Geopolitical tensions between North Korea and the United States have increased the appeal of safe havens. Fed Daly’s hawkish remarks have bolstered US Treasury yields.
During Tuesday’s trading session, gold markets originally rose but have since retraced their gains as it appears we have finally encountered strong resistance.