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Commodities
WTI oil futures move higher in near term approaching 61.8% Fibonacci
WTI crude oil futures (October delivery) have been trading within a sharp ascending channel over the past two weeks in the 4-hour chart, creating a bullish correction after the rebound on the 2-month low of 64.40.
Currently, the oil is…
Gold retouches 1200 key level » upward correction in near term
Gold has found significant support on the 23.6% Fibonacci retracement level of the downleg from 1309 to 1160, around 1195, while it started an upward correction after the rebound on 19-month low of 1160.
The technical indicators in the…
Silver consolidates near 1-year lows & still bearish in long term
Silver turned increasingly bearish after it dropped below the 16.00 key-level, the bottom of its range-bound trading recorded between early February and mid-June, printing lower lows and lower highs until it reached one-year lows at 14.31…
Vaultoro » The First Exchange To Implement Bitcoin Lightning Payments
About a week ago, Vaultoro became the first bitcoin exchange in the world to have developed and released an implementation of the bitcoin lightning network as an instant deposit method.
Traders at Vaultoro can deposit Bitcoins instantly…
Crude oil futures retreat following the pullback on 3½-year high of 70.80
West Texas Intermediate (WTI) crude oil has advanced considerably and recorded a fresh three-and-a-half-year high of 70.80.
The oil price retreated after the bounce off the mentioned level and the short-term technical indicators are…
Gold hits near two-week low » looking bearish in the short-term
Gold plunged during today’s European session, following declines in the two previous days. The price reached a two-week low of 1330.70 after the pullback on the 1355 resistance level.
It is worth mentioning that the price has been trading…
Gold in neutral bias again after it recorded 11-month high of 1365.14
Gold reached an eleven-month high of 1365.14 during the previous week, while at the end of the weekly session it retreated.
The gold price has been trading within a trading range since January 25 with upper boundary the 1365 resistance…
Metal prices come under fire from Trump tariffs
After an impressive two-year rally, industrial metal prices have been having a stormier time in 2018, being first swept over by the market turbulence caused by the sell-off in global equities and bonds, then by the announcement by US…
WTI crude oil futures trade around 2-week high
WTI crude oil futures have reversed back up again after finding support at the 38.2% Fibonacci retracement level of 61.41 of the downleg from 66.60 to 58.15 and reached a two-week high of 62.82 today. Prices successfully broke above the…
How long will OPEC continue to forfeit market share to the US?
While OPEC and its allies have been restricting their output in order to rebalance the oil market, other major producers like the US have taken the opportunity to increase their own production. If this pattern continues, OPEC would likely…