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Gold and crude oil prices have been maintaining a near-term upside technical bias. But, both are showing increasing signs of fading momentum. What are key levels to watch ahead?
Crude oil continues trading within a Falling Wedge chart pattern. Meanwhile, gold might be readying to reverse lower. What are the key levels to watch in the sessions ahead?
Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.
The WTI bear trend continues despite OPEC+ output cuts and positive re-opening news out of China. Can Biden’s target price for SPR refills act as an artificial price floor?
Crude oil prices were crushed on Friday as the futures market entered contango. Wall Street risk aversion may set a sour tone for Asia-Pacific markets to start the week.