Commodities

Crude oil prices are down nearly 2% on Thursday. The declines come after prices failed to make any major gains above the 40.00 handle. This has formed an ascending triangle pattern, which seems to be challenged at the moment. A… Read More

The precious metal saw an aggressive rally on Wednesday, which took prices well past the 1800 level. The price of spot gold hit intraday highs of 1817 before making a modest retreat. The current gains could continue with any dips… Read More

Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles. The spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level. Price action so far… Read More

The precious metal is making the final push towards the 1800 handle. Price action is gaining momentum as gold is a few points away from the elusive price target. The Stochastics oscillator is also showing renewed momentum to the upside.… Read More

Crude oil prices continue to trade softly with prices holding on above the 40.00 handle. But price action is now challenging the rising trend line from below. A breakout above this trend line will confirm a further upside in oil prices.… Read More

The precious metal is recovering following last week's decline from a fresh nine-year high. Price action is trading around the 1783 level with the 4-hour chart signaling a Doji candlestick pattern. This could potentially either signal… Read More

Oil prices are somewhat bullish on Monday. Price action is modestly trading above the 40.00 handle. But crude oil is not out of the woods yet. A clean breakout above 40.00 is required to confirm the upside bias. For the moment, prices… Read More

The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800… Read More

Oil prices continue to remain in limbo. Price action is trading quite flat with oil stuck around the 40.00 handle for the past few days. The squeeze between the horizontal resistance level and the trend line suggests that a major… Read More

The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to… Read More