WTI crude futures soared more than 6% in a volatile session on Friday, after jumping 25% in the previous session as major oil producers began to reduce production to offset a drop in demand hit by the coronavirus crisis.
OIL.WTI is testing major resistance level at $23.63 per barrel which is additionally strengthen by 200 MA (orange line) and downward trend line. If buyers manage to break above it, an upward impulse towards $29.61 per barrel could be launched. On the other hand, once sellers regain control, the support at $17.34 per barrel may be at risk. Source: xStation5
Daily summary: A historic day for precious metals; SILVER loses 30%; USD gains 💡
Has the precious metals bubble burst❓ SILVER dips over 33% in a single day 🚨
Three Markets to Watch Next Week (30.01.2026)
⏬Silver below $100, Gold breaches $5000