Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
How AI prompting turned writerly description into an everyday skill 
Today’s space race could turn fatal if we don’t agree on new rules 
How Donald Trump has changed the way diplomacy is done 
 - EconoTimes)
Energy pack is mixed today. Weekly performance at a glance in chart & table.
Oil (WTI):
- WTI is the best performer today, after price jumped back sharply on Friday. Today's range $41.6-42.7
- WTI reached all of our anticipated target area. Reversal from here is possible.
- WTI is currently trading at $42.6/barrel. Immediate support lies at $42-40 area and resistance at $47-49 area.
Oil (Brent):
- Brent is trading in a small range today. Today's range - $48.3-49.5.
- Brent-WTI spread dropped to $6.6/barrel, further contraction likely.
- Brent is trading at $49.2/barrel. Immediate support lies at $45 area and resistance at $53 region.
Natural Gas:
- Natural gas is the worst performer today and on its way to support area of $2.7, since once again bulls failed at $2.95 resistance area last week. Today's range $2.81-2.72.
- Bears are likely to test $2.7 area. Price might reach as low as $2.35 if it clears $2.7 mark, since bulls failed $2.95 area.
- Natural Gas is currently trading at $2.73/mmbtu. Immediate support lies at $2.7, $2.55, $2.45 area & resistance at $2.95, $3.04, $3.32.
WTI
+1.04%
Brent
+0.88%
Natural Gas
-2.78%
