commodities

After last week’s failure to break higher in Brent and WTI, which showed a clear bearish signal on the weekly chart, both crudes declined sharply at the beginning of this week. Brent declined all the way to $50 while WTI Crude managed to…
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Once again Crude Oil Prices showed further signs of weakness, despite all of the measures that have been taken by the Oil producers, whether OPEC or Non-OPEC members. Every day we are receiving new statements by many of the producers…
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Metals lost some ground at the end of last week as the US Jobs Report came in much better than expected, sending the US Dollar higher across the board and posting the biggest one-day gain since the beginning of the year. Gold lost nearly…
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The US Dollar tumbled to the lowest level since May 2016, completing five months of consecutive declines, something we haven't seen since 2011. Despite this move and the notable decline in USD Index, Metals volatility was muted. Gold…
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Metals have been rising for the past three weeks, including this week, and reached the highest level in six weeks. There were many factors that led to such rally. However, what is important is that Gold and Silver proved that they are…
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Crude Oil managed to recover from June’s lows all the way to today’s high, supported by some OPEC and Non-OPEC members remarks, in addition to some inventories data. Despite all the talk about the production cut deal, there is something…
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A week ago, both metals were sinking, Gold almost tested $1200, while Silver crashed to $14 before recovering quickly above $15 the next day. Today, Gold is trading around $1240, while Silver is stabilizing well above $16 so far, which…
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For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude…
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Precious metals are on course to post its second weekly decline in a row, including Gold and Silver as global bond yields keep on rising. One of the main reasons for the recent rise in bond yields are central bankers remarks over the past…
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In the past two weeks, tensions were rising significantly between Qatar and some Arab countries, mostly GCC countries. The Arab countries including Saudi Arabia, UAE, Bahrain, and Egypt issued an ultimatum to Qatar, giving 10 days to react…
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