Oil Rises Amid Improved Sentiment; Copper TCs Plunge to Decade Lows
Overcapacity and continued expansion in the smelting industry in China have led to a steep fall in treatment charges. Meanwhile, exchange inventories for copper continued to rise, putting additional pressure on the red metal Metals – Chinese Copper Smelter Charges Plunge Copper treatment charges in China fell to the lowest in over a decade as…
Gold: Price Exhaustion Indicates a Steep Slide Remains in the Offing
Since I wrote my last analysis, bulls tried hard to strengthen their position after last Friday’s bumpy move by the gold futures, hitting a high at $2053, continued to remain in a tight range on the first trading session of this week, and finally ended the Tuesday with the formation of an ‘Exhaustive Candle’ in…
Gold: Can Prices Sustain at Current Levels After Recent Rally?
On analysis of the moves by the during the last three weeks, I find that the bulls look not confident enough to hold the heights tested last Friday. Undoubtedly, the gold futures found strong buying support during the second week of February after hitting a low at $1987, as the bulls continued to hold command…
Gold Makes History With Highest Weekly Closing Price
Precious metals may finally be nearing the rally that and bulls have been waiting for. Today, we simply focus on Gold from a “weekly” price perspective. And let’s just say that the recent price action has been bullish. Gold Weekly Chart Last week, Gold closed at its “highest weekly closing prices in history.” Can bulls provide some…
3 Things That Could Drive Gold to New Record Highs
ca.investing.com/analysis/3-things-that-could-drive-gold-to-new-record-highs-200592938 3 Things That Could Drive Gold to New Record Highs By Kathy Lien | Mar 06, 2024 00:21 Here’s your daily 60 seconds trading tip Here are 3 things that could drive Gold Futures to new record highs in 2024 Source:
Nickel Ripe for a Quick Short, Iron Ore Price Plunge Far From Over
Nickel quotes rebounded after a prolonged decline in 2023, but the downtrend is set to continue. This comes after the Australian mining industry closed down more mines. Meanwhile, Iron ore fell to yearly lows. In this article, we will delve deep into why this price decline is likely to continue. In 2024, invest like the…
The Technical Analysis Trader’s Playbook
In case you missed it, something big happened in the banking world last week. Silicon Valley Bank (SIVB), a favorite bank of tech startups, went bust after a massive run on deposits and a failed attempt to raise capital. This was the worst bank failure since the 2008 crisis. You may be wondering what this…
Become rich in just one click!
In case you missed it, something big happened in the banking world last week. Silicon Valley Bank (SIVB), a favorite bank of tech startups, went bust after a massive run on deposits and a failed attempt to raise capital. This was the worst bank failure since the 2008 crisis. You may be wondering what this…
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