- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 29-09-2021.
The
U.S. Energy Information Administration (EIA) reported on Wednesday that crude
inventories surged by 4.578 million barrels in the week ended September 24,
following a decrease of 3.481 million barrels in the previous week. Economists
had forecast a draw of 1.652 million barrels.
At the same time, gasoline stocks rose by 0.193 million barrels, while analysts had expected a gain of 1.400 million barrels. Distillate stocks increased 0.385 million barrels, while analysts had forecast a decline of 1.648 million barrels.
Meanwhile,
oil production in the U.S. climbed 500,000 barrels a day to 11.100 million
barrels a day.
U.S.
crude oil imports averaged 6.6 million barrels per day last week, up by 87,000
barrels per day from the previous week.
FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that gold (XAU/USD) is grinding lower and sees support at $1722 as the last defence for the $1692 August low.
“Gold is grinding lower and will shortly encounter the 78.6% retracement at $1722. The new low has not been confirmed by the daily RSI and we may see some near-term consolidation.”
“Below $1722 support is found at $1679.80/$1677.83 and is reinforced by the $1670 June 2020 low. Below $1670 would target the 2018-2021 uptrend at $1600.”
“We have extensive resistance from $1795 to $1834 (55, 200-day moving averages and highs since July) and we look for rallies to struggle on moves into this band. The 55-week ma also is found at $1822.”
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 77.92 | -1.52 |
| Silver | 22.432 | -0.78 |
| Gold | 1733.498 | -0.97 |
| Palladium | 1865.04 | -4.79 |
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
