Gold Price (XAU/USD) remains on the back foot for the second consecutive day, extending the previous day’s pullback from the highest level in a month, as the US Dollar consolidates recent losses amid a sluggish start of the week. While tracing the main catalysts behind the US Dollar Index (DXY) rebound, after posting the biggest weekly […]

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around the $74.40 mark so far this Monday. Investors will keep an eye on unexpected disruptions in Libya and Nigeria and developments surrounding the continued OPEC production cuts. The correction in WTI on Monday seems to be profit-taking by oil traders after WTI recorded […]

Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the third session in a row on Friday, now by around 3.3K contracts. On the other hand, volume set aside four consecutive daily advances and went down by around 27.6K contracts. Natural Gas: Decent support is seen around $2.50 Friday’s […]

CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the fourth consecutive session on Friday, this time by around 8.1K contracts. Volume, instead, went down by around 335.6K contracts after three daily builds in a row. WTI meets resistance around the 200-day SMA Prices of WTI corrected markedly lower […]