Commodities News

Oil Remains Weak, But Buyers Moved In Yesterday

Oil Remains Weak, But Buyers Moved In Yesterday

The price of continues to sag, driven by a lack of demand coupled with supplies remaining at pre-COVID levels. The weakness in the commodity was further reinforced by yet another company in the sector, in this case Exxon Mobil (NYSE:) confirming it is to cut 1,900...

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Energy Report: Extending The Cuts

Energy Report: Extending The Cuts

bulls have been in a knife fight and getting cut as global Covid lockdowns expand. While demand destruction due to the lockdowns will be real, it is clear that they will not be as devastating as what we saw at the beginning of the Covid crisis. Still, hopes by OPEC...

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Corn And Ethanol Report: Hurricane And Tropical Storm Update

Corn And Ethanol Report: Hurricane And Tropical Storm Update

Corn And Ethanol Report: Hurricane And Tropical Storm Update RWP Capital International operates globally, providing trustworthy asset management and other financial products to both retail and institutional clients. Check out our products: - SIGNALS, for individuals...

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Oil Slide Continues, Gold Rallies

Oil Slide Continues, Gold Rallies

Oil’s woes continue Oil prices were crushed again overnight, as Covid-19-induced consumption uncertainty, and the risk of the US elections combined to send oil prices sharply lower again. fell 3.75% to USD37.55 a barrel, and fell 3.40% to USD36.10 a barrel. With a...

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Crude Oil Bears Make The Most Of Their Time To Shine

Crude Oil Bears Make The Most Of Their Time To Shine

After the market broke during the pandemic panic and prices fell into negative territory, a quick and sharp surge followed. WTI climbed to $43.84 a barrel in late-August. But the crisis was far from over and the Elliott Wave principle helped us correctly predict the...

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Oil Outlook Remains Neutral | Investing.com

Oil Outlook Remains Neutral | Investing.com

has now lost 50% of the gains from the April low to the August high. We could consolidate losses by ranging from 3500/3490 up to 3570/90 & first resistance at 3650/70. A break above 3700 targets a selling opportunity at 3760/80 with stops above 3800. First support...

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Gold Stocks’ Bullish Decline | Investing.com

Gold Stocks’ Bullish Decline | Investing.com

I previously wrote that practically nothing happened on the market, which is bearish since gold should be rallying or trading at higher levels, given the pre-election uncertainty. However, gold didn't wait for the elections to begin its decline. It plunged yesterday,...

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Corn And Ethanol: More COVID-19 And Hurricanes This Season

Corn And Ethanol: More COVID-19 And Hurricanes This Season

On the hurricane front, Zeta made landfall in Louisiana as a category 2 and is moving rapidly with dangerous Gusts and Winds spreading to Alabama, Georgia, and Virginia. Wind gust could be especially severe across the southern Appalachian Mountains. We will update the...

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