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Natural Gas Rallies 14% on Smaller-Than-Expected Supply Build, Cold Weather

Natural gas futures are soaring on Thursday after the US government reported a smaller-than-expected supply build. With North America and Europe bracing for cold temperatures over the next few weeks, natural gas prices are poised to have a big November. Could natural gas test $4 by year’s end? November natural gas futures climbed $0.419, or 13.99%, to $3.415 per million British thermal units (btu) at 15:55 GMT on Thursday on the New York Mercantile Exchange. Natural gas prices had been...

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Crude Oil Crashes 5% on Bigger-Than-Expected Supply Build, COVID-19 Second Wave

Crude oil futures crashed more than 5% in the middle of the trading week, extending the sector’s bearish trend in October. Oil prices plummeted on rising coronavirus cases in major economies that would impact crude demand. The US government also reported the first supply build in three weeks, which was larger than what the market had forecast. Overall, these are troubling signals for the industry as it braces...

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Video: Silver Price Analysis for November 2020 – Silver to Rise After Election?

In the present video, David Jones from Capital.com provides his forecast for silver in November 2020. He starts the video by discussing the surge of prices to the 7-year high in August, the subsequent pullback, the reasons behind the moves, and factors that will be affecting the metal in the near future. Next, David shows important price levels. He then turns to charts, showing the price moves...

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Video: Gold in Middle of Week October 26-30, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold in the middle of the week of October 26–30, 2020. He talks about the recent performance of the metal and discusses various possible outcomes of the US presidential election and how prices can react to them. If you found this video useful and want to see more videos like this one or if you want to see...

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Soybeans Dip After Hitting Four-Year High, Crop Faces Selling Pressure

Soybean futures are retreating slightly from their best levels in more than four years as the crop faces selling pressure. The agricultural commodity has been posting a tremendous rally, attempting to test $11 a bushel. While foreign demand is trending upward, US and Brazilian output continue to remain bullish, which could limit prices for the remainder of 2020 or heading into 2021. January soybean futures slipped $0.015,...

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Gold Struggles for Direction as US Dollar Firms, Coronavirus Cases Surge

Gold futures are struggling for direction to start the trading week. A strengthening US dollar, a resurgence in coronavirus cases, and doubts over another round of fiscal stimulus are weighing on the yellow metal on Monday, leaving gold prices seesawing around the $1,900 mark. Is time running out for gold to retest $2,000 before the year’s end? November gold futures rose $2.20, or 0.25%, to $1,904.50 per...

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Video: How Will Election Result Impact Gold, Oil, Stock Market, Forex?

In the present video, David Jones from Capital.com provides his take on the possible impact of the US presidential election on gold, oil, stock, and Forex markets. He discusses various possible outcomes of the election: a landslide victory of the Democratic candidate Joe Biden, a less convincing victory, and surprise reelection of the incumbent President Donald Trump. David then turns to charts...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum, Copper for October 26-30, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and copper for the week of October 26–30, 2020. He talks about fundamental factors driving the metals, shows charts of the commodities, and provides trade ideas. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic,...

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Commodities Technical Analysis, October 26th — October 30th

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of October 25th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Short Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 36.61 38.09 38.92 40.40 41.23 42.71 43.54 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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Commodities Week in Review: October 19 to October 23

Commodities Week in Review: October 19 to October 23  Agriculture  The leading agricultural commodity assets – corn, wheat, and soybean – enjoyed another strong week as fundamentals and a weaker US dollar contributed to their weekly gains. The latest forecasts suggest that food inflation will continue to creep higher, possibly with supply unable to keep up with the demand, especially now that millions of people have returned...

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