Copper price remains needs positive momentum, which forces it to delay the previously waited bullish attack, to keep providing sideways trading near $4.9000, note that the stability above $4.7500 support is important, to keep waiting for gathering extra positive momentum to pave the way for surpassing the barrier near $5.0600, then begin recording some gains by its rally towards $5.2000 and $5.3200.
While facing new negative pressures and reaching below the current support might force it to form correctional trading, to suffer intraday losses by reaching $4.6200 followed by the moving average 55 near $4.4000.
The expected trading range for today is between $4.7500 and $5.2000
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.99 per barrel, down from Thursday’s close at $61.16.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.82 after its previous daily close at $64.99.
West Texas Intermediate Oil price falls on Friday, early in the European session. WTI trades at $60.99 per barrel, down from Thursday’s close at $61.16.Brent Oil Exchange Rate is also shedding ground, trading at $64.
82 after its previous daily close at $64.99. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute and the Energy Information Agency impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
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WTI extends upside to near $62.00 as OPEC+ signals cautious production hikeWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase. Baca lebih lajut »
WTI declines to near $61.50 on EIA crude oil inventories surgeWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.70 during the Asian trading hours on Thursday. The WTI edges lower amid a larger-than-expected crude inventory build. Baca lebih lajut »
WTI Oil Price Advances in Early European TradingWest Texas Intermediate (WTI) oil prices and Brent crude oil prices rose on Thursday, with WTI trading at $62.24 per barrel and Brent at $66.13. The news also provides an overview of WTI oil, its characteristics, factors influencing its price including supply and demand, OPEC decisions, and inventory data. Baca lebih lajut »
WTI edges higher above $61.50 as US crude oil inventories riseWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.70 during the Asian trading hours on Thursday. The WTI gains traction amid a larger-than-expected crude inventory build. However, easing geopolitical tensions in the Middle East might cap its upside. Baca lebih lajut »
Energy Prices Could Finally Fall in 2026Market Analysis by covering: Brent Oil Futures, Crude Oil WTI Futures, Natural Gas Futures. Read ‘s Market Analysis on Investing.com Baca lebih lajut »
WTI Price Forecast: Struggles below $61.00, bearish bias remainsWest Texas Intermediate (WTI) US Crude Oil prices extend the previous day’s pullback from the vicinity of mid-$62.00s, or the weekly top, and remain depressed for the second straight day on Friday. Baca lebih lajut »
Gold experiences intense volatility in the Asian trading hours on Friday, driven by a bout of profit-taking and risk-off flows, following the latest parabolic rise to new record highs near $4,380.
Gold weighs dovish Fedspeak against profit-taking
Gold yo-yos within a $100 range, eyeing a ninth consecutive weekly advance. Gold looks to book a whopping 8% gain this week, mainly driven by massive supply for the US Dollar amid renewed US-China trade tensions and dovish reinforcement surrounding US Federal Reserve (Fed) interest rate cuts.
In a latest spat between the US and China, the latter accused the US of exaggerating its rare earth export controls to stir panic, rejecting calls to roll them back.
Meanwhile, S&P Global estimated that US President Donald Trump’s tariffs will cost global firms $1.2 trillion in 2025, with about two-thirds of the burden falling on consumers.
Additionally, the latest round of Fedspeak helped double down on bets for two Fed rate cuts this year and weighed on the US Treasury bond yields, as investors remain wary of the impact of the tariffs and the ongoing government shutdown on the US economy.
Fed Governor Christopher Waller said on Thursday that a 25 bps rate cut is justified at the upcoming meeting, based on current data.
Minneapolis Fed President Neel Kashkari warned late Thursday, there is “more risk of labor market negative surprise than an uptick in inflation,” implying that there is scope for more rate cuts.
However, the correction in Gold seems to be sponsored by fresh optimism on a potential Russia-Ukraine peace deal as Trump and Ukrainian President Volodymyr Zelenskyy in Washington on Friday.
A Kremlin aide said recently that a Trump–Putin call lasted almost 2.5 hours and that the “call was substantive and open.” Both leaders discussed possible Tomahawk missile deliveries.
Separately, Zelenskyy said that he is “counting on the momentum that helped end terror and war in the Middle East to also help end the war with Russia.”
Further, markets resorted to taking profits off the table heading into the weekend, with the end-of-the-week flows likely in play going forward. All in all, another volatile session remains on the cards.
Gold price technical analysis: Daily chart
The short-term technical outlook for Gold remains more or less the same, with the ‘hot run’ triggering timely bouts of profit-taking, justified by the 14-day Relative Strength Index (RSI) stretching within the extreme overbought zone, currently near 87.50.
Risks are skewed more in favor of an extension to the latest steep corrective downside, with the immediate cushion seen at the rising channel resistance-turned-support at $4,243.
If that cap gives way, sellers could flex their muscle toward the actual channel support at $4,095.
The natural tendency of the rising channel formation is a break to the downside and hence, a daily candlestick close below the latter could confirm a bearish breakdown, initiating a fresh correction toward the $3,950-$3,900 demand area, where the 21-day Simple Moving Average (SMA) and the October 1 and 2 highs lie.
On the flip side, a retest of the lifetime highs at $4,379 will be inevitable if buyers fight back control. The $4,450 psychological level and the $4,500 round figure will be next on their radars.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold price (XAU/USD) extends its upside to around $4,365 during the early Asian session on Friday. The precious metal holds positive ground after reaching a record high of $4,380 in the previous session. A fear of a prolonged US government shutdown, growing bets of additional US interest rate cuts, and US-China trade tensions support the yellow metal. Traders will keep an eye on the Fedspeak later on Friday for fresh impetus.
There are also growing worries about the ongoing US government shutdown, which weighs on the US Dollar (USD) and underpins the USD-denominated commodity price. The federal shutdown has entered its third week after the Senate failed to advance legislation that would restore funding. US Treasury official said that a US government shutdown could cost the US economy up to $15 billion a week in lost output.
Rate cut bets by the US Federal Reserve (Fed) also fuel the momentum. Fed’s Powell said on Tuesday that a sharp slowdown in hiring poses a growing risk to the US economy, suggesting that the US central bank will likely cut its key interest rate twice more this year.
Additionally, Fed Governor Christopher Waller noted that he is on board with another interest rate reduction at the Fed’s policy meeting later this month, citing the mixed readings on the state of the job market. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal.
Brewing US-China trade tensions contribute to the yellow metal’s upside. US President Donald Trump said Washington was considering cutting some trade ties with China after both countries began imposing additional port fees on ships carrying cargo.
On the other hand, easing concerns over geopolitical risks could undermine the safe-haven assets like Gold. Trump said late Thursday that he and Russian President Vladimir Putin agreed to another summit to discuss ending the war in Ukraine, one day before Trump was due to speak with Ukrainian leader Volodymyr Zelenskiy, per Bloomberg.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
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As noted yesterday, the $2.96 low held potential for a bounce, but the correction demanded a deeper probe of the rising trend channel’s lower end. Today’s action strengthens that view, pressuring the 78.6% Fibonacci retracement at $2.95. The chart’s lower rising channel line projects around $2.91, aligning closely for a potential floor if selling persists.
Broader Pattern and Correction Depth
Since August’s $2.62 swing low, natural gas has formed a small rising channel within a larger falling channel from March’s $4.90 peak. This setup hints at an eventual bearish continuation of the dominant downtrend. Yet, the 18% drop from the recent $3.59 high—to today’s low—suggests support could emerge before a sustainable breakdown, given the correction’s depth and prior patterns.
Momentum Risks and Rebound Hurdles
Bearish momentum remains fierce, but faltering could occur if a breakdown hits without pause or consolidation. The reclaimed falling channel dominance implies any bounce would face resistance, starting at the 20-day average ($3.15 currently). The top falling channel line would cap the initial upside target, likely prompting a reversal lower before sustained gains.
Outlook and Key Levels
Sellers’ grip tightens post-failure, with $2.91-$2.95 as the make-or-break zone. A hold here might spark exhaustion; a break accelerates the fall. Watch the close for confirmation—$3.15 looms on any relief rally, but the bearish price action calls the shots until proven otherwise.
For a look at all of today’s economic events, check out our economic calendar.
Financial markets remain risk-averse amid the extended US government shutdown.
The US Senate is expected to vote again on Thursday on a funding bill.
XAU/USD maintains its positive momentum despite extreme overbought conditions.
Speculative interest keeps hoarding Gold, with the bright metal nearing the $4,300 mark on Thursday. The XAU/USD pair reached $4,291.89 in the American afternoon, maintaining the upward pressure and aiming to test the next psychological threshold. Spot Gold ran throughout the day, accelerating north amid the poor performance on Wall Street.
The broad US Dollar (USD) weakness adds to the bullish case of Gold, with the Greenback suffering from the continued United States (US) government shutdown. The lack of funding triggered a tug of war between Democrats and Republicans, who are still unable to agree on some form of funding.
Meanwhile, a federal judge has temporarily blocked the administration from firing workers during the shutdown. US President Donald Trump has threatened massive layoffs should the shutdown continue. The US Senate is expected to vote once again on Thursday to end the ongoing crisis.
XAU/USD short-term technical outlook
The XAU/USD pair is up for the fifth consecutive day, and maintains the strong upward momentum in the daily chart, despite extreme overbought conditions. The Momentum indicator aims firmly higher at around 113, while the Relative Strength Index (RSI) offers the same behaviour, standing at 86. At the same time, the pair is far above all bullish moving averages, with the closest being the 20 Simple Moving Average (SMA) at around $3,923.
The 4-hour chart for the XAU/USD pair shows that the Momentum indicator heads north almost vertically, reflecting substantial buying interest. The indicator, however, is yet to reach its October monthly high, which means there’s plenty of room to go. At the same time, the RSI indicator consolidates at around 79, overbought but no signs of giving up just yet. Finally, a firmly bullish 20 SMA accelerates above also bullish 100 and 200 SMAs, while below the current level, also reflecting buyers’ strength.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.30 per barrel, down from Wednesday’s close at $58.33. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.18 after its previous daily close at $62.23.
WTI Oil FAQs
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.
Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.
The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.
OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
Gold price (XAU/USD) extends its rally to near $4,240 during the European trading session on Thursday. The precious metal continues to move higher amid firm Federal Reserve (Fed) dovish bets and ongoing trade tensions between the United States (US) and China.
Traders are increasingly confident that the Fed will loosen monetary conditions further amid growing concerns over US labor market conditions.
According to the CME FedWatch tool, traders see a 94.6% that the Fed will reduce interest rates by 50 basis points (bps) to 3.50%-3.75% in the remaining year.
Meanwhile, Federal Open Market Committee (FOMC) members, including Chair Jerome Powell, have also warned on downside labor market risks. On Tuesday, Fed’s Powell stated that “downside risks to the US job market have risen”, which justified the rate cut decision in September.
Theoretically, lower interest rates by the Fed bode well for non-yielding assets, such as Gold.
On the global front, escalating US-China trade frictions are also supporting the Gold price’s rally. Lately, US President Donald Trump announced additional 100% tariffs on China over Beijing’s export controls on rare earths and magnets.
The scenario of geopolitical tensions improves the appeal of safe-haven assets, such as Gold.
Gold technical analysis
Gold price posts a fresh all-time high near $4,246 on Thursday. The overall trend of the Gold price remains bullish as the 20-day Exponential Moving Average (EMA) slopes higher around $3,950.15. The upward-sloping trendline from the August 22 low around $3,321.50 will act as key support for the Gold price.
The 14-day Relative Strength Index (RSI) stays above 60.00 for a long period, suggesting a strong bullish momentum.
On the upside, the Gold price could extend its upside towards $4,300. Looking down, the psychological level of $4,000 would act as key support.
Gold daily chart
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Silver (XAG/USD) rally was capped a few cents below the $55.00 level on Wednesday, pulling lower on profit-taking. However, downside attempts remain limited amid cautious markets, which is keeping the precious metal supported above the $52.50 area, not far from four-week highs.
The fundamental context remains supportive for precious metals, as escalating trade tensions between the US and China continue to fuel safe-haven demand. Beyond that, the market is practically fully pricing a rate cut by the Fed in late October, which is adding bearish pressure on the US Dollar.
Technical analysis: Consolidating gains within a broader bullish trend
Silver is in a period of consoñlidatiion after the last bullish run to the $55.00 area. The 4-hour RSI is showing some bearish divergence, but the pair appears unlikely to undergo a significant correction unless the fundamental background undergoes a substantial change.
To the downside, support levels at 52.43 (Intraday low) and at the bottom of the ascending channel, now around Wednesday’s low in the $51.25 area, are likely to hold bears. Below here, negative pressure would increase, aiming for the October 14 low, at $50.30.
Upside attempts are likely to meet resistance at the channel top, in the area of $54,00 and Wednesday’s high, at $54.85. Further up, the 161.8% Fibonacci extension of the October 9-14 rally, at $56.65 emerges as a plausible target.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
WTI declines to near $61.50 on EIA crude oil inventories surgeWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.70 during the Asian trading hours on Thursday. The WTI edges lower amid a larger-than-expected crude inventory build.
WTI Oil Price Advances in Early European TradingWest Texas Intermediate (WTI) oil prices and Brent crude oil prices rose on Thursday, with WTI trading at $62.24 per barrel and Brent at $66.13. The news also provides an overview of WTI oil, its characteristics, factors influencing its price including supply and demand, OPEC decisions, and inventory data.
WTI edges higher above $61.50 as US crude oil inventories riseWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.70 during the Asian trading hours on Thursday. The WTI gains traction amid a larger-than-expected crude inventory build. However, easing geopolitical tensions in the Middle East might cap its upside.
Energy Prices Could Finally Fall in 2026Market Analysis by covering: Brent Oil Futures, Crude Oil WTI Futures, Natural Gas Futures. Read ‘s Market Analysis on Investing.com
WTI Price Forecast: Struggles below $61.00, bearish bias remainsWest Texas Intermediate (WTI) US Crude Oil prices extend the previous day’s pullback from the vicinity of mid-$62.00s, or the weekly top, and remain depressed for the second straight day on Friday.
