Traders Blog - Analysis, Strategies, News and more: Tag - Commodity Market
Gold breached all support lines, time to buy?
A stronger dollar makes XAUUSD less attractive!While gold is caught in the trap of sellers, it is weaker against the US dollar. Spot gold lost 1.6% to $1,735 per ounce against the US dollar to test its lowest price since mid-December.While the focus...
City and China, Oil killers!
Oil is recovering after the worse day in three months!Oil prices on Wednesday could recover a bit after yesterday's free fall. Earlier today, WTI could recover some of its loss. However, concerns about demand destruction remain in the background. On...
Stocks and Yields increasing, and Gold is falling
The fate of the yellow metal after the Russian sanctionsGlobal stock markets are increasing on Tuesday, supported mostly by Chinese news. Reports show that China easing its covid-19 restrictions, while data show the price pressure decreasing and the...
Russia's advance on war takes the Energy market hot!
Oil paused the bears; Gas lost almost 10%While Oil prices, after a free fall to $102 in the past day, could recover and trade stable at around $140, Natural Gas lost 9.6% today to print one of its most significant single-day falls in years. As w...
Crypto-winter has a long way to go!
When can the Bulls return to the charts?The cryptocurrency market in the past weeks confirmed its correlation with overall market sentiment. And that was the reason that many crypto investors ad market participants were waiting for the FED meeting. T...