📢 *Gold and Oil - Overview from 18.11.2024* 📈🛢
🟡 **Gold**
Gold prices rose more than 1% on Monday after a sharp drop last week, against the backdrop of a halt in the appreciation of the US dollar. The decline in quotes was halted as it approached the previously described range: $2470-2530. However, it's too early to call the current situation a full-fledged reversal, and a retest of the local minimum remains possible.
⛽️ **Oil**
Meanwhile, oil quotes remain in the support zone. Here, as well as in the case with other instruments, it is important to note that this zone has not been breached against the backdrop of the overall strengthening of the US dollar. Thus, dollar sales could provoke a resumption of the rise in oil prices. 📈
Stay tuned for more updates! 🌟 #Gold #Oil #Finance
🟡 **Gold**
Gold prices rose more than 1% on Monday after a sharp drop last week, against the backdrop of a halt in the appreciation of the US dollar. The decline in quotes was halted as it approached the previously described range: $2470-2530. However, it's too early to call the current situation a full-fledged reversal, and a retest of the local minimum remains possible.
⛽️ **Oil**
Meanwhile, oil quotes remain in the support zone. Here, as well as in the case with other instruments, it is important to note that this zone has not been breached against the backdrop of the overall strengthening of the US dollar. Thus, dollar sales could provoke a resumption of the rise in oil prices. 📈
Stay tuned for more updates! 🌟 #Gold #Oil #Finance
📊 *Market Overview* 📉
🟡 *Gold* 🟡
On Monday, gold prices fell by more than 1% 😞. Sellers are active, possibly due to Scott Bessent being appointed as US Treasury Secretary. 🇺🇸🪙 Market is now awaiting signals from the Fed and upcoming economic data. Stay tuned for GDP and PCE index updates this week! 💰💼 Price decline is heading from the $2650-2710 range.
🛢️ *Oil* 🛢️
China has issued an additional oil import quota of at least 116,800 barrels per day 🇨🇳⛽. This increase could boost China's oil imports in the upcoming year. Prices are currently within the $67-72 range. Potential drop might occur from $72-73 levels. Support remains around $67. 📈🔍
Stay informed and trade wisely! 💡💸 #MarketUpdate #Gold #Oil
🟡 *Gold* 🟡
On Monday, gold prices fell by more than 1% 😞. Sellers are active, possibly due to Scott Bessent being appointed as US Treasury Secretary. 🇺🇸🪙 Market is now awaiting signals from the Fed and upcoming economic data. Stay tuned for GDP and PCE index updates this week! 💰💼 Price decline is heading from the $2650-2710 range.
🛢️ *Oil* 🛢️
China has issued an additional oil import quota of at least 116,800 barrels per day 🇨🇳⛽. This increase could boost China's oil imports in the upcoming year. Prices are currently within the $67-72 range. Potential drop might occur from $72-73 levels. Support remains around $67. 📈🔍
Stay informed and trade wisely! 💡💸 #MarketUpdate #Gold #Oil
🌟 **Gold and Oil - Overview as of 11/27/2024** 📈
✨ **Gold:**
Against the background of consolidation of the US dollar against other assets ahead of the publication of significant indicators of economic statistics, the decline in gold quotations also stalled. The market found a balance in the zone of $2630 mark. 📊 The release of data may lead to the resumption of price volatility growth. 📈
🛢️ **Oil:**
OPEC+ is discussing further postponement of the planned oil production increase that was supposed to start in January, two sources from the group said. 📢 Also, according to a Goldman Sachs note, the growing compliance with production cuts among OPEC+ member countries points to their joint efforts to stabilize prices. Nevertheless, technically, the price continues to test the support zone. ⛽
Stay tuned for more updates! 📰 #Gold #Oil #Finance #MarketUpdates 📈🛢️
✨ **Gold:**
Against the background of consolidation of the US dollar against other assets ahead of the publication of significant indicators of economic statistics, the decline in gold quotations also stalled. The market found a balance in the zone of $2630 mark. 📊 The release of data may lead to the resumption of price volatility growth. 📈
🛢️ **Oil:**
OPEC+ is discussing further postponement of the planned oil production increase that was supposed to start in January, two sources from the group said. 📢 Also, according to a Goldman Sachs note, the growing compliance with production cuts among OPEC+ member countries points to their joint efforts to stabilize prices. Nevertheless, technically, the price continues to test the support zone. ⛽
Stay tuned for more updates! 📰 #Gold #Oil #Finance #MarketUpdates 📈🛢️
📈 **Gold Overview as of 06.12.2024** 📉
Gold prices rose 0.3% to $2,638.66 per ounce, but will end the second straight week with a decline (-0.4%). Gold futures added 0.5% to $2,661.00. Support is expected at $2,550 and resistance at $2,700, with bearish sentiment due to profit taking after gains this year. The market awaits the US jobs report which could influence the Fed's rate cut trajectory. The strengthening dollar and the absence of geopolitical tensions reduce the attractiveness of gold. In this context, gold remains under pressure, although its long-term dynamics will depend on further economic signals.
🛢️ **Oil Overview as of 06.12.2024** 🛢️
Oil prices fell slightly, with Brent down 0.1% to $72.03 a barrel and WTI down 1 cent to $68.29. Brent is losing more than 1% for the week, while WTI maintains a 0.1% gain. OPEC+ postponed production increases until April and extended cuts until the end of 2026 due to weak demand, especially in China, and rising supply in other regions. Analysts forecast an oil surplus of more than 1 million bpd in 2025 despite Saudi Arabia's discipline. Demand may remain below expectations, even amid a weaker dollar and expectations of Fed rate cuts.
Stay informed! 📊 #Gold #Oil #MarketUpdates
Gold prices rose 0.3% to $2,638.66 per ounce, but will end the second straight week with a decline (-0.4%). Gold futures added 0.5% to $2,661.00. Support is expected at $2,550 and resistance at $2,700, with bearish sentiment due to profit taking after gains this year. The market awaits the US jobs report which could influence the Fed's rate cut trajectory. The strengthening dollar and the absence of geopolitical tensions reduce the attractiveness of gold. In this context, gold remains under pressure, although its long-term dynamics will depend on further economic signals.
🛢️ **Oil Overview as of 06.12.2024** 🛢️
Oil prices fell slightly, with Brent down 0.1% to $72.03 a barrel and WTI down 1 cent to $68.29. Brent is losing more than 1% for the week, while WTI maintains a 0.1% gain. OPEC+ postponed production increases until April and extended cuts until the end of 2026 due to weak demand, especially in China, and rising supply in other regions. Analysts forecast an oil surplus of more than 1 million bpd in 2025 despite Saudi Arabia's discipline. Demand may remain below expectations, even amid a weaker dollar and expectations of Fed rate cuts.
Stay informed! 📊 #Gold #Oil #MarketUpdates
📊 **Gold and Oil Overview as of 09.12.2024** 🛢️🪙
**Gold**
Gold prices rose by 0.5% to $2,644.91 per ounce, bouncing back after a 1% dip last week. 📈 Market is eagerly anticipating the US inflation data to gauge the Fed's next move. A 25 basis points rate cut is highly anticipated with an 83.4% estimate. 🤔 Meanwhile, China's return to purchasing after six months is strengthening the "bulls", yet a strong dollar and hawkish Fed decision could impact prices. 🐂 Geopolitical unrest, like events in Syria, is boosting interest in gold as a safe haven asset. 🌍
**Oil**
Oil prices are showing mixed movements: Brent dropped by 1 cent to $71.11 per barrel, while WTI increased by 1 cent to $67.21. ⛽ Pressure is attributed to China's weak demand, affecting Saudi Aramco prices to a low last seen in 2021. 🇨🇳 Simultaneously, geopolitical tensions are escalating with developments in Syria, sparking fears of instability in the Middle East. 🌍 OPEC+ has postponed production hikes until April 2025, extended cuts until the end of 2026, but an expected supply surplus is capping price hikes. 🛢️
Stay updated for more market insights! 💬 #Gold #Oil #MarketUpdates
**Gold**
Gold prices rose by 0.5% to $2,644.91 per ounce, bouncing back after a 1% dip last week. 📈 Market is eagerly anticipating the US inflation data to gauge the Fed's next move. A 25 basis points rate cut is highly anticipated with an 83.4% estimate. 🤔 Meanwhile, China's return to purchasing after six months is strengthening the "bulls", yet a strong dollar and hawkish Fed decision could impact prices. 🐂 Geopolitical unrest, like events in Syria, is boosting interest in gold as a safe haven asset. 🌍
**Oil**
Oil prices are showing mixed movements: Brent dropped by 1 cent to $71.11 per barrel, while WTI increased by 1 cent to $67.21. ⛽ Pressure is attributed to China's weak demand, affecting Saudi Aramco prices to a low last seen in 2021. 🇨🇳 Simultaneously, geopolitical tensions are escalating with developments in Syria, sparking fears of instability in the Middle East. 🌍 OPEC+ has postponed production hikes until April 2025, extended cuts until the end of 2026, but an expected supply surplus is capping price hikes. 🛢️
Stay updated for more market insights! 💬 #Gold #Oil #MarketUpdates
📈 **Market Update - Gold and Oil** 🛢️
🔶 **Gold** 🔶
Gold prices hit a two-week high, trading around $2,698 per ounce! 🌟 The surge is fueled by expectations of a Fed rate cut and heightened geopolitical tensions. Investor confidence remains strong with central banks continuing to purchase gold. This year, gold is on track for its best performance since 2010, up 31% year-to-date! 💰👀
🛢️ **Oil** 🛢️
Oil prices have seen a moderate increase with expectations of demand growth in China 🇨🇳 following monetary policy easing in 2025. Brent is currently trading at $72.29 a barrel, while WTI stands at $68.68. In November, China's oil imports rose by 14% year-on-year, the first increase in seven months. However, the surge in US oil and fuel inventories is capping the potential for further price gains. ⛽📈
Stay tuned for more market updates! 📊📢 #Gold #Oil #MarketUpdate
🔶 **Gold** 🔶
Gold prices hit a two-week high, trading around $2,698 per ounce! 🌟 The surge is fueled by expectations of a Fed rate cut and heightened geopolitical tensions. Investor confidence remains strong with central banks continuing to purchase gold. This year, gold is on track for its best performance since 2010, up 31% year-to-date! 💰👀
🛢️ **Oil** 🛢️
Oil prices have seen a moderate increase with expectations of demand growth in China 🇨🇳 following monetary policy easing in 2025. Brent is currently trading at $72.29 a barrel, while WTI stands at $68.68. In November, China's oil imports rose by 14% year-on-year, the first increase in seven months. However, the surge in US oil and fuel inventories is capping the potential for further price gains. ⛽📈
Stay tuned for more market updates! 📊📢 #Gold #Oil #MarketUpdate
🛢 Oil – Market Overview as of 03.01.2025
📈 Oil prices remained virtually unchanged on Friday, although in the previous session, they reached their highest level in the last two months. The price increase is driven by hopes that governments worldwide may intensify economic support, which would help stimulate growth and, consequently, boost fuel demand.⛽️
✍️ Technically, the price growth resumed after prolonged trading above the support zone that we have repeatedly mentioned.
⚠️ At the same time, industrial activity in Asia, Europe, and the U.S. ended 2024 on a weak note. Expectations for the upcoming year have also soured due to growing trade risks associated with the return of Donald Trump to the U.S. presidency.
#OIL #Economy
📈 Oil prices remained virtually unchanged on Friday, although in the previous session, they reached their highest level in the last two months. The price increase is driven by hopes that governments worldwide may intensify economic support, which would help stimulate growth and, consequently, boost fuel demand.⛽️
✍️ Technically, the price growth resumed after prolonged trading above the support zone that we have repeatedly mentioned.
⚠️ At the same time, industrial activity in Asia, Europe, and the U.S. ended 2024 on a weak note. Expectations for the upcoming year have also soured due to growing trade risks associated with the return of Donald Trump to the U.S. presidency.
#OIL #Economy
🛢️ *Oil - Overview as of 09.01.2025* 🌍
Oil prices continue to fall for the second consecutive day amid a significant increase in fuel inventories in the US, the world's largest oil consumer. ⬇️ In the near term, the focus will be on demand trends in China 🇨🇳, as well as on the energy and trade policies of the new US administration. 📊
Meanwhile, analysts at JPMorgan forecast a 1.4 million bpd increase in global oil demand in January compared to last year, to 101.4 million barrels. 📈 The main drivers of growth will be increased consumption of fuel for heating and increased travel in China before the holidays. 🎊
#Oil #Energy #Economy #China 🛢️📈🇨🇳🌍
Oil prices continue to fall for the second consecutive day amid a significant increase in fuel inventories in the US, the world's largest oil consumer. ⬇️ In the near term, the focus will be on demand trends in China 🇨🇳, as well as on the energy and trade policies of the new US administration. 📊
Meanwhile, analysts at JPMorgan forecast a 1.4 million bpd increase in global oil demand in January compared to last year, to 101.4 million barrels. 📈 The main drivers of growth will be increased consumption of fuel for heating and increased travel in China before the holidays. 🎊
#Oil #Energy #Economy #China 🛢️📈🇨🇳🌍
Oil - Overview as of 05.02.2025
📉 Oil Prices Drop Amid Trump's Statements on Iran 🇺🇸⛽
Oil prices started the trading day falling 📉 despite the latest statements by US President Donald Trump. On Tuesday, he reiterated his intention to return to a strategy of "maximum pressure" on Iran 🇮🇷 in an effort to reduce Iran's oil exports 🚢💨.
In morning trading in Asia, Brent crude was trading at $75.80 per barrel 🛢️, and West Texas Intermediate (WTI) was at $72.40 per barrel. Nevertheless, earlier the price found support in the $70-71 zone described in the last publication.
Taking into account the downtrend 📊, there is a high probability of retesting the local minimum. 📉🔍
#Oil #Brent #WTI #CrudeOil #Iran #USA #Markets #Trading
📉 Oil Prices Drop Amid Trump's Statements on Iran 🇺🇸⛽
Oil prices started the trading day falling 📉 despite the latest statements by US President Donald Trump. On Tuesday, he reiterated his intention to return to a strategy of "maximum pressure" on Iran 🇮🇷 in an effort to reduce Iran's oil exports 🚢💨.
In morning trading in Asia, Brent crude was trading at $75.80 per barrel 🛢️, and West Texas Intermediate (WTI) was at $72.40 per barrel. Nevertheless, earlier the price found support in the $70-71 zone described in the last publication.
Taking into account the downtrend 📊, there is a high probability of retesting the local minimum. 📉🔍
#Oil #Brent #WTI #CrudeOil #Iran #USA #Markets #Trading
Oil - Overview as of 11.02.2025
📈 Oil prices posted gains despite concerns over the new tariffs. Earlier, the market was under pressure due to fears of a 🌍 trade war, but investors have begun to adapt to the new conditions, expecting similar trends to continue in the future.
🛢️ Additional factors influencing the price growth were the U.S. sanctions against the 🇷🇺 Russian oil sector and new restrictions on 🇮🇷 Iran.
📊 Technically, the growth of quotations originates from the local support zone, located between $70 and $71, which we wrote about earlier. However, it is too early to talk about breaking the 📉 downward trend.
#Oil #Markets #Trading #Commodities
📈 Oil prices posted gains despite concerns over the new tariffs. Earlier, the market was under pressure due to fears of a 🌍 trade war, but investors have begun to adapt to the new conditions, expecting similar trends to continue in the future.
🛢️ Additional factors influencing the price growth were the U.S. sanctions against the 🇷🇺 Russian oil sector and new restrictions on 🇮🇷 Iran.
📊 Technically, the growth of quotations originates from the local support zone, located between $70 and $71, which we wrote about earlier. However, it is too early to talk about breaking the 📉 downward trend.
#Oil #Markets #Trading #Commodities
Oil - Overview as of 26.02.2025
📉 Oil Market Update 🛢️
🛒 Buyers' activity, which appeared at $70, did not have a significant impact on the market. After the formation of a corrective movement, quotations continued to decline. 📉
🔻 Oil prices fell to the minimum of the current year amid concerns about demand, caused by the possible introduction of new U.S. tariffs on Canada and Mexico. 🇺🇸🇨🇦🇲🇽
📉 Now, potential support for the market may arise in the previously described zone below the $68 price level.
📊 The release of data on U.S. crude oil inventories, scheduled for Wednesday, may additionally affect the volatility of quotations during the day. ⛽📉
Stay tuned for more updates! 📢 #Oil #MarketUpdate #Trading
📉 Oil Market Update 🛢️
🛒 Buyers' activity, which appeared at $70, did not have a significant impact on the market. After the formation of a corrective movement, quotations continued to decline. 📉
🔻 Oil prices fell to the minimum of the current year amid concerns about demand, caused by the possible introduction of new U.S. tariffs on Canada and Mexico. 🇺🇸🇨🇦🇲🇽
📉 Now, potential support for the market may arise in the previously described zone below the $68 price level.
📊 The release of data on U.S. crude oil inventories, scheduled for Wednesday, may additionally affect the volatility of quotations during the day. ⛽📉
Stay tuned for more updates! 📢 #Oil #MarketUpdate #Trading
🛢 Oil prices climbed over 1% on Tuesday, reaching their highest levels since the start of the month, driven by instability in the Middle East and China's plans for additional economic stimulus.📈⚠️
#OIL
#OIL
🛢 OPEC has lowered its forecast for global oil demand growth in 2025, citing weaker-than-expected data from the first quarter and new trade tariffs imposed by the U.S.🇺🇸
📊 In its latest monthly report, the Organization of the Petroleum Exporting Countries projected that global oil demand will increase by 1.30 million barrels per day (bpd) next year—150,000 bpd less than its previous estimate⚠️
#OIL #Economy #Markets
📊 In its latest monthly report, the Organization of the Petroleum Exporting Countries projected that global oil demand will increase by 1.30 million barrels per day (bpd) next year—150,000 bpd less than its previous estimate⚠️
#OIL #Economy #Markets