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.

Daily Summary: Precious metals are bleeding, and the US government is shut down again!🔒
⚠️Gold pares losses
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 🚨