8:50 AM · 3 August 2020

OIL down for the 3rd day

OIL.WTI is moving down for the third consecutive day. The decline has not been steep so far but it could eventually end a period of price consolidation. Oil has been unable to benefit from the risk-on/weak dollar environment amid concerns that resurgent pandemic could dent demand recovery. August brings some relaxation in the OPEC+ deal and technically this could boost output by 2mbd (more than 2% of the global total). In case the correction takes place, traders should pay attention to $34.60 level as a possible support.

7 January 2026, 6:55 PM

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7 January 2026, 6:30 PM

US grains surge on commodity fund buying 📈 Wheat up 1.5%

7 January 2026, 6:05 PM

Oil dips below $60 amid EIA report🚨Is a sell-off coming?

7 January 2026, 4:01 PM

Gold loses 1% 📉

Commodities
Technical analysis

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