Selling pressure prevailed across global commodity markets during the July 30 trading session. Precious metals were a notable exception, with gold and silver advancing as investors assessed the latest Federal Reserve decision, softer US inflation data and weaker-than-expected economic growth.
By Sagar Dua WTI Crude Oil prices are consolidating around 60.85 after a week of upward movement that helped the asset recover from the May 30 lows. The rebound was supported by OPEC+’s decision to increase output at a slower pace in November than previously expected.
By Sagar Dua WTI Crude Oil. During the morning session, WTI crude oil prices continue a cautious uptrend that began late last week after rebounding from the May 30 lows, attempting to hold above the $62.00 level. Market activity remains subdued due to the ongoing U.S. government shutdown, which has halted the release of official macroeconomic data.
By Sagar Dua Brent Crude Oil prices remain within a long-term downtrend, but this week opened with gains, reaching 65.62 (Murray level [2/8]) supported by the latest OPEC+ decisions.
By Sagar Dua WTI Crude Oil prices are correcting downward this week amid the resumption of exports from Iraqi Kurdistan and expectations of another production hike from OPEC+. At the moment, the asset is holding near 62.03. Over the weekend, disputes between Iraq’s central government and local authorities were resolved, allowing Kurdish oil to re-enter the market at volumes of 180,000–190,000 barrels per day. At the same time, OPEC and its allies may discuss an additional production increase of around 137,000–140,000 barrels during their Sunday meeting. This would add significant supply to the market, while demand for energy remains weak due to the global trade slowdown and reduced manufacturing activity.
By Sagar Dua Last week, Brent Crude Oil prices renewed two-month highs near 69.80, but today a correction has started under the pressure of several negative factors.
By Sagar Dua In September, WTI Crude Oil is trading above the key support level of 62.00, holding low volatility as investors weigh signals from U.S. and Chinese policymakers while awaiting fresh catalysts for movement.
By Sagar Dua Last week, the XAU/USD pair reached a yearly high of $3,650 per ounce, driven by reduced expectations of a 50-basis-point rate cut by the U.S. Federal Reserve.
By Sagar Dua WTI crude oil prices are holding above the key 63.00 level, consolidating amid a mix of geopolitical and fundamental drivers.
By Sagar Dua Gold prices (XAU/USD) are edging lower in early trading, once again testing the 3630.00 level to the downside. Demand for the safe-haven asset is supported by growing expectations that the U.S. Federal Reserve will cut interest rates at its September 17 meeting.
By Sagar Dua Brent crude oil prices are consolidating in a downward trend just below the $67.00 mark, weighed down by macroeconomic data.
Commodities analysis looks at what drives the prices of raw materials like oil, gold, or wheat. Fundamentals mean supply and demand, production levels, weather, and geopolitics. Technicals come from the charts — trends, support and resistance zones, trading volume, and repeating patterns. By combining both, traders can gauge risk, spot opportunities, and decide when it makes sense to buy or sell.
