Traders Blog - Analysis, Strategies, News and more: Tag - Commodity Market
OPEC Meeting, US inventories, and price prediction!
Economic data was disappointing, but Powell's speech increased the sentimentsOPEC meeting will start today, December first to set policy and the amount of output and supply. And then on the second day, they will make the final decision in consultatio...
Gold returned to the Bullish consideration!
Changing the sentiment from neutral to a slow uptrend is associated with doubtsGold price after a sharp increase in the first half of the month ($1,617 - 1,787) entered into a slow correction to touch $1,725 with a 3.4% loss. However, again and with...
As gas prices increase again, inflation can last longer
Germans have no hope of reducing inflation below ten percent in the short termUnlike the falling WTI price, natural gas prices still increasing and with the beginning of the cold season, it will be hard to expect a meaningful slowdown in the prices....
The first death in six-month! Oil sharp fall and return
The bears are trying to prove themselvesLast Friday WTI tested the price under $80 for the first time since September 28. The downtrend continued at the beginning of this week as well, to test the $75.20 on Monday. However, right after that bulls reg...
Gold eased slightly as the USD strengthened and risk-reducing
The FedWatch tool shows an 83% probability of a 50 bps rate hike in the December meetingTension in Poland cooled, as the country's prime minister said there was no evidence of a deliberate attack and therefore NATO's Article IV may not be activ...