Browsing Tag

Oil

Gold Price and Crude Oil Price Could Correct Lower

Gold price rallied recently above $1,325 and later faced sellers near $1,346. Crude oil price is placed in a bullish zone, but a break below the $56.75 support could trigger a downside correction. Important Takeaways for Gold and Oil Gold price tested the $1,345-1,346 resistance area and later [Read more...]

Gold Price and Crude Oil Price Facing Crucial Resistances

Gold price remained in a bearish zone and declined below the $1,310 support area. Crude oil price is following a bearish structure below the $53.20 and $53.60 levels. Important Takeaways for Gold and Oil Gold price started a major decline and traded below the $1,316 and $1,310 supports against [Read more...]

Gold Price and Crude Oil Price Could Accelerate Higher

Gold price declined recently and tested the $1,275 support area where buyers emerged. Crude oil price broke a key resistance near $53.50 and it may continue to move higher. Important Takeaways for Gold and Oil Gold price is gaining momentum and broke the $1,280 resistance against the US Dollar. [Read more...]

Gold and Crude Oil Price Primed For Gains

Gold price corrected lower recently and found support near the $1,286 level. Crude oil price is following a bullish path and it may continue to rise in the short term towards $55.00. Important Takeaways for Gold and Oil Gold price found support near the $1,286 level and recently recovered above [Read more...]

Falling oil prices: reasons for the collapse

In November, WTI and Brent crude oil is trading under constant selling pressure. Oil fall in price due to a number of factors, including a strong US dollar, volatility and weakness of the stock market, the escalating trade conflict between the US and China and the global supply growth. All [Read more...]

Oil price falls after US sanctions against Iran started

For the last month oil benchmark Brent and WTI have lost more than 15% in total. World oil prices fell on Monday, November 5th, after the White House imposed the sanctions on Iran’s fuel exports. Due to the London Stock Exchange ICE, the January Brent futures dropped by 0.26% to $72.64. [Read more...]

Gold and Crude Oil Buyers Face Uphill Task

Gold price is correcting higher, but it is facing a major resistance near $1,248. Crude oil price is under pressure, and on the upside, there are key resistances near $70.25 and $70.70. Important Takeaways for Gold and Oil Gold price declined this week and settled below the $1,250 support [Read more...]

Gold and Crude Oil Prices Remain At Risk of More Declines

Gold price corrected higher, but it failed to gain momentum above $1,255. Crude oil price started a new downside correction and it could decline towards the $71.00 support. Important Takeaways for Gold and Oil Gold price found support around the $1,245 level and recovered against the US Dollar. [Read more...]

Can Gold and Crude Oil Prices Gain Momentum?

Gold price is likely forming a base around $1,260 for an upward move. On the other hand, crude oil price is trading with positive signs, but it is approaching a major resistance near $66.80. Important Takeaways for Gold and Oil Gold price found support near $1,260 after a major decline against [Read more...]