by Willard Kachere | Dec 15, 2020 | News & Analysis
Key points Prospects of U.S. Stimulus keeps buyers optimisticRisk appetite ticked up on vaccine newsBuyers struggle at the $1850.00 handle The prospect of an imminent U.S. stimulus package is holding up prices of commodities including precious metals. Extra liquidity...
by Willard Kachere | Dec 14, 2020 | News & Analysis
Key Points Prices reach $47 despite EIA dataCovid-19 vaccine rises optimism in the marketOPEC comfortable with the current price trajectory U.S. EIA data indicated massive build up in crude oil stocks for the week running up until the 4th of December. Previously on...
by Willard Kachere | Dec 11, 2020 | News & Analysis
Key Points EIA data indicates a drawdown in stocksOpen interest on the declineTechnical levels The U.S. EIA data indicated that domestic supplies of natural gas declined by 91 billion cubic feet for the week ending December 4. The data deviated from markets...
by Willard Kachere | Dec 10, 2020 | News & Analysis
Key Points Safe haven statusMixed economic dataU.S. Dollar recovery stalls commodities’ bullish runPrices are range bound The demand for Silver has largely been attributed to its industrial uses, but as of late its demand as a safe haven asset has contributed to it...
by Willard Kachere | Dec 9, 2020 | News & Analysis
Key Points Price consolidationOpen Interest on the downside Crude oil has been trading in a tight consolidation region between $44.35 and $46.75 since mid-November. In the past few days a much narrower range of $45.20 and $46.00 has managed to contain prices as...
by Willard Kachere | Dec 8, 2020 | News & Analysis
Key Points ATH in the overbought regionPrice above the $1850 resistance handleRSI pointing upwards Gold Daily Chart Source; QEFxMoney Gold bulls may finally be reclaiming their position in the driving seat after price displayed an impressive bullish recovery after...
Recent Comments