August 26, 2026 2:36 pm
Key Moments ING’s Ewa Manthey notes that amended Section 232 tariffs are designed to spur investment in U.S. smelting capacity but will not quickly close the domestic supply gap. U.S. primary aluminum production has fallen to just four operating smelters, increasing dependence on imports from suppliers such as Canada and Middle Eastern producers. ING expects […]
Read moreAugust 26, 2026 12:27 pm
Key Moments West Texas Intermediate (WTI) Crude trades near $79.50, extending a three-day decline and marking a roughly 9% drop from last week’s levels above $87.00. Reports of Iran-Oman efforts to temporarily reopen maritime traffic through the Strait of Hormuz and signs of US-Iran de-escalation are pressuring prices. US EIA data are expected to show […]
Read moreAugust 26, 2026 9:51 am
Key Moments Natural Gas is trading at $2.856 on the 5-hour chart, trapped between short-term support above $2.76 and 200-period moving average resistance at $2.870. Clear bullish and bearish trade levels are defined, with bull entries at $2.875 and bear entries starting at $2.860 and $2.840, all carrying medium conviction. Momentum indicators remain constructive, but […]
Read moreAugust 26, 2026 9:36 am
Key Moments Copper is trading near $6.73 on the 5-hour chart, with price pushing toward key resistance at $6.86. Momentum remains extremely stretched, with the Money Flow Index at 90.37 and price trading above its upper Bollinger Band at $6.7618. Major technical levels cluster around $6.64 and $6.44 on the downside, while a no-trade zone […]
Read moreAugust 26, 2026 7:58 am
Key Moments Brent crude has fallen -8.6% since Friday, erasing more than half of its prior +13% two-week rally. Deutsche Bank flags that Brent is on track for its largest weekly decline since June, alongside weakness in European natural gas. Lower energy prices are described as providing a supportive backdrop for global bond and equity […]
Read moreAugust 26, 2026 7:32 am
Key Moments XAU/USD trades modestly lower below $4,650 while remaining within the prior session’s trading band. Shifts toward a Federal Reserve policy hold and lower US bond yields support bullion despite a firmer US Dollar. Technical structure stays bullish above $4,500, with resistance seen near $4,700 and higher Fibonacci targets. Gold Steadies in Tight Range […]
Read moreAugust 26, 2026 7:05 am
Key Moments Silver (XAG/USD) trades near $69.40 in Asian hours, up almost 1%, supported by weaker oil prices. Reports of renewed Iran-Oman talks on a “temporary joint maritime corridor” through the Strait of Hormuz ease supply-disruption fears. Markets focus on the upcoming US July PCE inflation release and the Jackson Hole Symposium as key macro […]
Read moreAugust 26, 2026 6:17 am
Key Moments WTI trades around $80.10 per barrel in Asian hours on Wednesday, marking a third straight session of losses. Reports of Iran-Oman talks on a temporary joint maritime corridor in the Strait of Hormuz weigh on crude prices. Market sentiment softens after recent US measures against Iran fall short of secondary sanctions on its […]
Read moreAugust 25, 2026 2:07 pm
Key Moments Wheat futures across Chicago, Kansas City, and Minneapolis traded lower early Tuesday after a mostly weaker close on Monday. U.S. spring wheat harvest reached 62% completion by Sunday, running 10% ahead of the typical pace with a 21% weekly advance. Weekly wheat export inspections totaled 425,668 MT, down 17.24% from the prior week […]
Read moreAugust 25, 2026 11:29 am
Key Moments Citi raised 3-month and 12-month price targets for corn, soybeans, and wheat, citing rising agricultural risks linked to a strengthening Super El Niño. NOAA’s August 2026 update assigns a greater than 90% probability of a very strong El Niño event and a 69% chance it surpasses all events since 1950 during October-December. Citi […]
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