Thursday , February 27 2020
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Bulls Take Charge As Bitcoin Crashes Below $9,000

Bitcoin bulls took charge in today’s trading, as the world’s largest cryptocurrency crashed from $9,250 at 13:00 GMT to a low of $8,708 at 18:00. Prices are down nearly 6% in the last 24 hours and analysts have indicated that the most likely short-term path is down. At current prices, Bitcoin is trading at its lowest prices since the end of January. The cryptocurrency rose from $7,200...

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US Crude Pares Gains As Smaller-Than-Expected Supply Unable to Lift Oil

Crude oil futures are paring their gains midweek, despite markets cheering on the US government reporting a smaller-than-expected increase in domestic inventories. Investors have been concerned that the economic fallout from the coronavirus will impact demand levels, sending crude prices below $50. April crude oil futures tumbled $0.46, or 0.92%, to $49.44 per barrel at 16:47 GMT on Wednesday on the New York Mercantile Exchange....

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Bitcoin Slumps to $9,100 and Drags Cryptocurrency Market with It

Bitcoin has continued a two-day slump in prices, falling 4.25% down to $9,214.70, although it fell as low as $9,120 earlier in the evening. Its continued decline has dragged the rest of the cryptomarket with it, with all top 100 coins, excluding coins tethered to dollar value, making a loss over the past 24 hours. Ripple’s price has fallen by more than 10% while Bitcoin SV, whose price fell by 15%, has been overtaken by Litecoin in market capitalization. Ripple prices may have had a bad...

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Soybeans Jump on Lower Stockpiles, Higher Exports

Soybean futures are trading higher on Tuesday, despite fears that the coronavirus will dampen Chinese imports. Although prices are still close to their lowest levels in three weeks, soybeans are edging up based on reduced stockpiles and a rebound in exports. The biggest question mark in the short-term is how the agricultural commodity market reacts to the outbreak that is impacting 25 countries. May soybean futures rose...

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Video: Weekly Commodity Forecast – Gold & Crude Oil for February 24–28, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold and crude oil for the week of February 24–28, 2020. He starts the video by discussing the recent surge of gold and also mentioning that hedge funds and money managers increased their net long positions last week. Phil then shows charts of the commodities and speculates whether it is a good idea to remain bullish...

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Gold Eyes $1,700 As Coronavirus Triggers Safe-Haven Demand

Gold futures are surging to open the trading week as the yellow metal eyes $1,700. Investors are seeking shelter from the beating that global financial markets are taking due to renewed fears over the coronavirus. With the virus outbreak extending beyond the borders of China to 25 countries, traders are worried that the global economic recovery will take a hit for the rest of 2020. Could gold top $2,000 this...

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Bitcoin Still Trying to Take and Hold $10,000

Bitcoin once again fell back from $10,000 resistance over the weekend, and its slip has caused the rest of the cryptocurrency market to lose ground against the dollar. The world’s largest cryptocurrency is trading at around $9,700, having peaked at $9,950. All other major cryptocurrencies have seen similar losses, with Ethereum the best of the bunch. Bitcoin has been attempting to take and hold the $10,000...

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Video: Gold Price at 7 year High! About to Soar More?

In the present video, David Jones from Capital.com discusses gold in the second half of February 2020. He talks about the recent surge of prices, explains reasons for it, and also points out that gold and the US dollar were trading in lockstep lately despite usually moving inversely to each other. David then points out important price levels, shows charts of bullion, discusses various possible stop-loss levels...

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Video: Natural Gas Price Rebounds but has the Trend Changed?

In the present video, David Jones from Capital.com talks about natural gas in the second half of February 2020. Prices were collapsing lately, making most traders extremely bearish on the commodity. The video tries to answer the question: whether it is reasonable to be a contrarian trader in the bearish market? If you found this video useful and want to see more videos like this one or if you want...

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Commodities Technical Analysis, February 24th — February 28th

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 February 23rd, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 47.95 49.55 51.41 53.01 54.87 56.47 58.33 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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