Recognizing patterns in gold's price movements
An analysis of gold price patterns shows how technical levels like moving averages and swing areas can help traders anticipate moves.
Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.
Oil prices climbed sharply after Libya's National Oil Corporation said it had halted output at oil fields due to protests and might declare force majeure on scheduled shipments.
Production stopped at three fields after members of the Petroleum Facilities Guard — the group that protects Libya's oil infrastructure — shut a valve on the main Hamada-Zawiya crude pipeline.
In the wake of that move, the US 10-year Treasury yield once again crossed the 5% mark.
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An analysis of gold price patterns shows how technical levels like moving averages and swing areas can help traders anticipate moves.
Crude oil futures test a key swing area, giving traders a level to define risk and short-term bias.
Bison Interests CEO Josh Young says oil inventories are depleting and warns of currency debasement, with WTI fair value near $105.
Brent crude jumped nearly 5% to about $105 per barrel on reports of renewed US strikes on Iran, reversing earlier declines.