The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end...
Potential Bullish Breakout for Crude
TitlePotential Bullish Breakout for CrudeTypeBullish BreakoutPreference:Price is rising towards the pivot point of 85.00 which is a potential breakout level and could climb higher from here; we could...
Copper Hits 2yr Highs on USD & China News
Copper Breaks OutCopper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped...
Gold Pushing HigherGold prices are pushing firmly higher into the end of the week with gold futures now once again testing the bull channel highs and 2364.93 resistance. The driver behind the move is...
Gold Forecast: Potential Price Drop Ahead
The price of Bitcoin broke the local downtrend. Currently, it keeps moving within the range. The price of this asset might potentially rebound from the broken downtrend and rise to the level of 69000....
Daily Market Outlook, May 9, 2024
Daily Market Outlook, May 9, 2024Munnelly’s Macro Minute…“Bank of Japan Hawkish Rhetoric Does Little To Support JPY, Bank Of England On Deck Next”The Asia-Pacific equity markets are showing mixed...
Crude Rallies on Surprise EIA Drawdown
Crude Stores FallOil prices are turning higher into the back end of the week with crude future bouncing off support at 77.64. The catalyst behind the bounce was yesterday’s EIA inventories release...
Crude Pushes Lower Ahead of EIA Data
Middle East UncertaintyOil prices are continuing to trade lower through the middle of the week, despite ongoing uncertainty over Israeli military operations in Rafah. Reports that ceasefire talks have...
Cookie Policy: The Tickmill website uses cookies. By continuing browsing the page you automatically agree to our use of cookies. For more information on our cookie usage, on how to change cookies and their settings see our Cookies Policy.