Page 34 - Weekly Chart News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crude Oil Price Forecast: Rally Back on Track After Bear Trap Advertisement Crude Oil Outlook: Crude oil prices took a dive earlier this week, but price action suggests that the bearish impulse is in the rearview mirror. The OPEC+ announcement seems to have been digested by markets, which are refocusing on the reality of the supply-demand imbalance likely to persist. Bears Be Warned While US equity markets have been climbing their own wall of worry, so too have crude oil prices: the delta variant; the OPEC+ announcement to increase supply; and the surprise climb in US oil inventories. With r...

Gold Price Forecast: Still in 'the Technical Woods' - Levels for XAU/USD Advertisement Gold Price Outlook: Gold prices have staged a modest recovery over the past week, but remain deep in ‘the technical woods.’ With a cluster of Fibonacci levels above, it would appear that gold prices aren’t out of ‘the technical woods’ until 1835 is achieved. According to the IG Client Sentiment Index, gold prices have a bullish bias in the near-term. Questions Remain Gold prices have enjoyed a small but consistent rally at the start of July, consistent with recent seasonality trends that peg gold ...

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USD/CNH rates have experienced a more significant technical breakdown than their EUR/CNH counterpart.

Gold prices have held above multi-month bull flag resistance, increasing confidence that a march back to all-time highs has begun.