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Home / Tag Archives: #commodities (page 3)

Tag Archives: #commodities

U.S. Oil Producers Find a Surprise New Market: China a large oil importer, is buying nearly 100,000 barrels of oil a day from the U.S., By Brian Spegele

BEIJING—It was a gusher few expected. What began as a trickle of U.S. crude being sold to China is turning into a flood, the result of a surprise American glut that has made the country’s oil cheaper than Mideast rivals just two years after Congress lifted a 40-year export ban. China, …

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FxWirePro: Silver unexpectedly spikes down in early hours of Asia, bias remains neutral

  XAG/USD is currently trading around $15.89 marks. It made intraday high at $16.15 and low at $14.27 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.22 mark. A daily close above $16.02 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68/$17.72/$17.98/$18.24 marks respectively. On the other side, …

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FxWirePro: xag/usd fails to fall below $16.00, short term trend reversal likely

  XAG/USD is currently trading around $16.13 marks. It made intraday high at $16.20 and low at $16.02 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark. A daily close above $16.05 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68/$17.72/$17.98/$18.24 marks respectively. On the other side, …

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FxWirePro: bullish DMA crossover intensifies WTI Crude bull swings but restrained at stiff resistance, major trend seems fragile as bears break below triangle base

  Interim bearish swings in consolidation phase are coupled with both leading and lagging oscillators. Amid the mild downswings for the day, bulls are on the verge of hitting 4-weeks highs. Bulls manage to break-out major resistances at 45.33 levels, consequently, expect more rallies on bullish DMA crossover, both leading …

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Americas roundup: Dollar rebounds on higher U.S. yields, upbeat factory data, Gold hits 7-week low, Oil rises more than 2 pct as U.S. Crude output slows, friday’s U.S. jobs report in focus-july 4th, 2017

Market Roundup • US Markit Mfg PMI Final Jul 52.0, 52.1 previous. • US Construction Spending MM May 0.0% vs 0.3% forecast, -0.7% previous. • US ISM Manufacturing PMI Jun 57.8 vs 55.2 forecast, 54.9 previous. • US ISM Manufacturing Employment Index Jun 57.2 vs 53.3 forecast, 53.5 previous. • …

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