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Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls: Outlook: The dollar has climbed to 16 months high as investors built bets on a Federal Reserve in...
USDCAD turned down in five waves from 1.3262 which means that pair is in new intraday bearish trend which is likely going to see lower prices after A-B-C bounce to 1.3200 resistance from where market ...
Based on last week’s price action, the direction of the January WTI crude oil futures contract will be determined by trader reaction to the major Fibonacci level at $54.79. Basically, look for a bulli...
Crude oil prices rose 0.97 per cent to Rs 4,149 per barrel in futures market Monday as speculators created fresh bets, taking positive cues from the Asian markets. At the Multi Commodity Exchange (MCX ...
The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells refl...