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 Brent Crude Oil prices are trading around 64.56 following the two-sided summit between the leaders of the United States and China, which could prove pivotal in easing trade tensions between the two countries.
By Sagar Dua The XAU/USD pair is consolidating around the 4075.00 mark, awaiting new market drivers. Investors are focused on the upcoming U.S. Federal Reserve meeting scheduled for Wednesday, October 29.
By Sagar Dua The benchmark Brent Crude Oil prices are correcting within a local upward trend, holding slightly above the $64.00 mark.
By Sagar Dua The XAU/USD pair is trading above the 4140.00 support level after reaching an interim high of 4380.00. The correction is driven mainly by technical factors and was likely initiated by major market participants seeking to limit bullish momentum, while demand from medium- and long-term investors remains steady. Since the move occurred during the U.S. government shutdown, the lack of official data makes it impossible to identify the participants behind the action.
By Sagar Dua WTI crude oil prices are trading above the key level of $58.00 per barrel amid expectations of de-escalation in the U.S.–China trade conflict.
By Sagar Dua During the morning session, Brent Crude Oil prices are attempting to recover from the May 6 lows updated the previous day, trading below the 60.00 mark. However, there are still few drivers for a sustained upward move.
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 WTI Crude Oil prices are trading above the key $63.00 per barrel mark, reacting to the approval of a new European sanctions package targeting Russian energy exports.
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.
