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Commodity Markets Face Uncertainty Amid Central Bank Meetings and US Economic Indicators

Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]

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USOil Price Remain Poised for an Aggressive Decline

Market Analysis – December 29th USOil Price remain poised for an aggressive decline as bears maintain control. The price of oil is showing signs of continuing its aggressive decline, potentially breaking below the significant level of 71.00. The bears are staggering but still determined to break through this key level, indicating a higher likelihood of […]

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Oil Prices Drop Amid Rising US Inventories and Red Sea Tensions

In continuation of yesterday’s sharp decline, oil prices witnessed another dip today, responding to the latest data on US crude inventories and the prevailing uncertainty in the Red Sea region. As of the time of this report, USOil (WTI) has experienced a 2.03% plunge, settling at $72.26. The American Petroleum Institute (API) released figures indicating […]

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USOil (WTI) Sellers Gain Momentum as Buyers Lose Strength

Market Analysis – December 21st USOil (WTI) sellers gain momentum as buyers lose strength. The Oil price appears to be making a slight turn, with a decrease in liquidity. There also appears to be a diminishing bullish momentum that has been building up over the past few weeks. The breakdown in USOil suggests that sellers […]

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USOil (WTI) Bulls Strive for Reversal 

Market Analysis – December 15th USOil (WTI) bulls strive for a reversal as the oil market shows a bullish one. The oil market is wrapping up the week with a bullish tone as the bulls attempt to stage an uprising. However, they have been struggling to break through the significant level of 72.510. Despite the […]

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