Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
AI Memory Boom Sparks Global Chip Supply Crunch 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
 - EconoTimes)
Energy pack is red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI weaken further as tensions between Turkey and Russia failed to stir things in Middle East. Today's range $42.8-$41.8
- WTI is currently trading at $42.1/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.
Oil (Brent) -
- Brent is relatively worse performer today. Today's range - $45.6 -44.8
- Brent-WTI spread rose by $0.1/barrel to $2.9/barrel.
- Brent is trading at $45/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.
Natural Gas -
- Natural gas is down today, as late winter keep weighing on price. Today's range $2.26-2.2
- Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu.
- Natural Gas is currently trading at $2.21/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+1.40% |
|
Brent |
+1.26% |
|
Natural Gas |
+3.80% |
