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Oil, Crude, trading

The yellow metal suffered heavy losses during the previous trading session, after it succeeded in breaking the pivotal support level indicated during the previous analysis, 1810, indicating that trading below 1810 makes the bearish tendency impose its control again to target 1801 and losses may extend later towards 1792, to …

The single European currency found a strong resistance level around the first retest target to be achieved and mentioned during the previous analysis at 1.2175, to return again within a bearish path, targeting a re-test of the 1.2080 support level. Technically, and with a closer look at the chart, a …

Treasury yields in the United States significantly rose on Tuesday due to increased hopes for economic recovery and the easing of lockdown measures amid the rollout of Coronavirus vaccines. This is the first session for the week as Monday marked the federal holiday of Presidents Day in the United States. …

The President of the Federal Reserve Bank of San Francisco, Mary Daly, on Tuesday, played down the risks of a rise in inflation in the United States. Daly noted that there are concerns in the market of a surge in the inflation rate, but said that she does not this …

The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Tuesday and closed mostly lower. This comes amid huge increases in the U.S. Treasury yields and disruptions in the energy sector due to extreme weather conditions in the south that resulted from a strong winter …

Natural gas futures rose on Tuesday to mark their highest closing level in about four months, amid increased demand for energy and heat sources as a strong winter storm led to extreme cold weather in southern parts of the United States and some northern parts of Mexico. Natural gas futures …

Oil prices rose on Tuesday, amid increased demand for energy and hear sources as a strong winter storm hit parts of North America. In addition, weather conditions led to supply disruptions with the shutdown of some crude refineries in Texas. The global benchmark Brent crude futures for April delivery rose …

Gold prices declined on Tuesday, losing the key $1,800 support level, as the U.S. Treasury yields rose significantly leading to increased demand from investors. The yellow metal futures for April delivery dropped by $24.20, or 1.3%, to close at $1,799 per ounce. This is the lowest closing level for gold’s …

European stocks closed marginally lower on Tuesday, amid a mixed performance by market sectors. The STOXX Europe 600 index declined by less than a single point to close nearly unchanged. The German index DAX fell by 0.32%, while the French CAC40 rose marginally by 0.01%. Meanwhile, the UK’s FTSE100 finished …