CME Group’s flash data for crude oil futures markets noted traders trimmed their open interest positions for the second session in a row on Wednesday, this time by around 10.8K contracts. On the other hand, volume added around 188.5K contracts to its previous daily build. WTI: Gains remain capped by $85.00 WTI prices extended the weekly […]

Considering advanced prints from CME Group for gold futures markets, open interest extended its uptrend and went up by around 1.7K contracts on Wednesday. Volume, instead, resumed the decline and shrank by around 38.1K contracts following the previous daily build. Gold: Next on the downside appears $1800 Gold prices retreated for the third session in a […]

WTI Crude Oil trades lower near $80.30 lined up with the 23.6% Fibonacci retracement level, extending its losses on the third consecutive day during the Asian session on Wednesday. The black gold continues the bearish trend due to the risk-off mood and China’s deteriorating economic conditions. The 21-day Exponential Moving Average (EMA) at $80.04 appears to be the key […]

Gold price (XAU/USD) continues its bleak performance amid headwinds of a strong US Dollar and higher US Treasury bond yields. The precious metal remains under pressure as consumer and producer inflation grew modestly in July but failed to uplift chances of further policy tightening by the Federal Reserve (Fed). The 0.2% monthly increase in the […]

The morning does not start well for risky assets. The U.S. dollar and the Japanese yen definitely reign supreme in the market. Stocks and commodities, including oil, are being sold off. WTI crude is losing more than 1% today, which may be related to the problems of Chinese developers who are having trouble paying their obligations. […]

Silver kicks off the new week on a softer note and touches a fresh low since July 7 during the Asian session, though lacks follow-through selling. The white metal now seems to have entered a bearish consolidation phase and is seen oscillating in a narrow trading band just above mid–$22.00s. The technical setup, meanwhile, remains tilted […]