The EIA’s newly released Short Term Energy Outlook is making headlines this week. The agency is forecasting higher U.S. oil production growth in 2018 and 2019.
WTI oil futures maintain a neutral bias on the 4-hour chart after a strong rally that took place between the July 24 low of 45.38 to the August 1 high of 50.40
James Harte| Commodities-Fundamental|31/07/2017,16:39:34
Copper prices exploded to their highest level in over two years this week thanks to US Dollar weakness and a China-related story which has been fuelling commodity markets.
Nour Eldeen Al-Hammoury| Commodities-Fundamental|19/07/2017,14:33:52
A week ago, both metals were sinking, Gold almost tested $1200, while Silver crashed to $14 before recovering quickly above $15 the next day.
WTI oil futures have broken the downtrend they started building on July 4, as they recently could not post a lower low below 43.66
James Harte| Commodities-Opinion|07/07/2017,10:42:27
The red metal drifted lower this week linked mainly to a recovery in the US Dollar, which made a small recovery after suffering weeks of declines, though also due to supply environment issues.
Nour Eldeen Al-Hammoury| Commodities-Fundamental|07/07/2017,09:45:09
Precious metals are on course to post its second weekly decline in a row, including Gold and Silver as global bond yields keep on rising.
James Harte| Commodities-Fundamental|30/06/2017,11:48:39
The red metal printed its second consecutive positive week benefiting from a weaker US Dollar.
By Tradingserve.com| Commodities-Technical|29/06/2017,10:42:04
As the Stock Markets have been showing continued weakness through the week, we take a look at how three Commodities have been performing!
By XM.COM| Commodities-Fundamental|21/06/2017,18:39:18
Crude oil prices fell by 2% on Tuesday as investors continued to fret about the lingering oversupply, which is showing no sign of easing despite 6 months of output restrictions by major producers.
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