October 8, 2026 11:18 am
Key Moments Spot silver (XAG/USD) traded at $58.97 per troy ounce on Thursday, down 1.65% from $59.95 on Wednesday. Silver prices have declined 17.05% since the beginning of the year. The Gold/Silver ratio rose to 69.99 on Thursday from 68.57 on Wednesday. Silver Market Snapshot According to FXStreet data, silver prices (XAG/USD) moved lower on […]
Read moreOctober 8, 2026 10:44 am
Key Moments European diesel prices jumped after IEA members sped up previously announced oil stock releases, focusing on diesel amid tight supply and Iran-related disruptions. Crude shipments through the Strait of Hormuz dropped 27% from the prior wartime high following a surge in tanker attacks. The oil price trades above $102 as the United States […]
Read moreOctober 8, 2026 8:51 am
Key Moments WTI trades around the $89.30-$89.35 area during the Asian session, rising more than 1.0% on the day but still stuck in a recent range. Heightened Middle East tensions and weather risks in the Gulf Coast support prices, while easing supply concerns limit further upside. WTI remains capped below the 200-period EMA at $89.89 […]
Read moreOctober 8, 2026 8:34 am
Key Moments Gold (XAU/USD) traded near $4,125 in early European dealings on Thursday, up about 0.35% but off its intraday highs. September FOMC minutes and elevated US bond yields underpinned a bullish US Dollar, limiting gold’s recovery from a two-month low. Technical signals and fragile momentum suggest a bearish near-term bias for XAU/USD despite support […]
Read moreOctober 7, 2026 7:46 am
Key Moments Natural Gas is trading at $3.162, directly at the 61.8% Fibonacci retracement on the 5-hour chart, with all major moving averages and the SuperTrend aligned to the upside. The Money Flow Index at 95.2 and price pressing against the upper Bollinger Band highlight an overbought backdrop with elevated pullback risk. Key inflection levels […]
Read moreOctober 7, 2026 7:43 am
Key Moments Copper trades around $6.62 on the 5-hour chart, constrained by multiple resistance layers and an overhead Ichimoku cloud. A bear flag pattern is described as 80% complete, with $6.53 identified as pivotal support that has held three times. Suggested trading plans outline defined entries, stops, and targets for both bearish and bullish strategies, […]
Read moreOctober 7, 2026 7:37 am
Key Moments ICE Brent futures traded down toward $97/bbl during the previous session but still settled above $100/bbl amid persistent Persian Gulf supply risks. Improved crude flows from the Persian Gulf are being offset by continued attacks on ships, keeping geopolitical risk premia embedded in prices. Weakness has emerged in middle distillates at the front […]
Read moreOctober 7, 2026 7:13 am
Key Moments Silver price (XAG/USD) traded around $60.90 per troy ounce during Asian hours on Wednesday after opening with a bullish gap. Stronger crude oil prices, fueled by Middle East supply risks and inflation concerns, pressured the non-yielding metal. Expectations for further Federal Reserve rate hikes eased after soft US labor data, but US Treasury […]
Read moreOctober 7, 2026 6:04 am
Key Moments WTI crude extended its advance for a second day, trading around $89.50 per barrel during Asian hours on Wednesday. The EIA lifted its Brent price outlook, projecting an average of roughly $105 a barrel in the fourth quarter and about $98 a barrel for 2026. Upside in oil remains limited as Persian Gulf […]
Read moreOctober 6, 2026 9:40 am
Key Moments Natural Gas last traded at $3.084 on the 5-hour chart, sitting just below the $3.11 resistance while overbought conditions emerged. Price remained above the 200-period SMA at $2.899 and the Ichimoku cloud, but a Money Flow Index reading of 85.44 and contact with the upper Bollinger Band at $3.115 flagged stretched momentum. Trade […]
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