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Sentiment in the commodity market remains fragile amid rising geopolitical tensions as crude oil fell as the prospect of rising supply rattled sentiment, strategists at ANZ Bank apprise. Read: Nymex Light Crude Oil flirting with the April high at 35.18 – Commerzbank Key quotes “Yesterday it emerged that Russia was determined to ease back on output cutsMay 28, 2020
Gold bulls extend control in the European session. US-China woes over the Hong Kong issue fuels the upside. Technical set up has turned in favor of the bulls in the near-term. Gold prices (XAU/USD) snap three-day losing streak and rebound sharply on Thursday, mainly driven by the increased flight to safety buying, as the US-China tensions spikeMay 28, 2020
CME Group’s preliminary prints for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by almost 3K contracts. Volume, in the meantime, went up for the second straight day, now by nearly 7.8K contracts. Natural Gas Prices Forecast The MMBtu of Natural Gas seems toMay 20, 2020
In light of advanced data from CME Group, open interest in crude oil futures markets shrunk for the third time in a row on Monday, this time by around 23.8K contracts. On the other hand, volume reversed three straight drops and rose by around 242.6K contracts. WTI now looks to $40.00/bbl Prices of the barrelMay 19, 2020
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