Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
USOIL chart - Trading View
West Texas Intermediate (WTI) crude is extending declines from multi-month highs at $69.97 after doji formation in the previous session.
WTI was trading 0.93% lower on the day at $68.61 at around 12:00 GMT, after closing 0.19% lower in the previous session.
OPEC+ expect oil stockpiles to fall further in the coming months, OPEC's Secretary-General Mohammad Barkindo said in a virtual appearance at the Nigeria International Petroleum Summit.
Barkindo’s upbeat comments failed to lend support to oil prices which were dragged down amid dollar gains.
WTI was rejected shy of $70 mark, remains pressured below $69, scope for further downside.
Weakening demand from Asia as Covid-19 resurgence in most of the South Asian countries depresses fuel demand in the continent dent prices.
Technical indicators are bullish. However, the pair finds major resistance at 200-month MA at 69.89.
Doji formation on the daily charts suggests indecision among bulls to take prices higher. Bears eyes immediate support at 200H MA at 67.95.
On the flipside, decisive break above 200-month MA required for upside continuation.
