Crude oil prices rose on Thursday after President Trump announced a major trade agreement with the UK. It sparked a reduction in tariff tensions. The Brent crude oil surged to $61.40, while WTI rose to $58.00, primarily due to trade talk optimism. Despite the brief recovery, oil prices stay under pressure, licking wounds of steep Read More…
Gold fell over 1% on Wednesday after reports of a likely meeting between China and the US on Saturday. The talks have raised hopes that the two countries will finally reach an agreement to end the trade war. Meanwhile, market participants are preparing for the outcome of the FOMC policy meeting. Gold (Source: Bloomberg) Gold Read More…
Equities ended lower on Monday, after Trump announced another tariff on films produced outside the US. The drop paused the recent rally on hopes of easing global trade tensions. However, upbeat US business activity data put a floor on further declines. Trump surprised investors when he announced a 100% tariff on movies produced outside the Read More…
Price Snapshot (as of May 6, 2025): Technical Analysis Trend Moving Averages RSI Momentum Key Price Levels Type Level Notes Support $3,110 50-day MA & breakout pivot Support $3,000 Psychological round level Resistance None Blue sky breakout Extension $3,500–3,650 Measured move from breakout flag Why Is Gold So Strong? Drivers Behind Gold’s Outperformance Bear Case? Read More…
Currency futures strengthened against the dollar on Friday but closed well below their daily highs. The move continued at the start of a new week as market participants geared up for the FOMC policy meeting. Last week, the dollar rallied as trade tensions between the US and its partners eased. Trump took big steps to Read More…
Overview: Weekly Chart Technicals: Structure Breakdown RSI Analysis Daily Chart Technicals: Downtrend Intact RSI Key Levels: Type Level Note Resistance $65.00–66.00 Breakdown retest zone (failed) Resistance $70.00 200-day MA + descending trendline Support $55.16 Horizontal support, 2024 low Support $51.46 Measured move + next pivot (S1) Probability Outlook Scenario Probability Trigger Break below $55 → Read More…
