commodities

WTI crude oil is showing signs of losing its bullish momentum. Price action is seen struggling to get a foothold above 60.00. This has led to price action being rejected over the past three trading sessions. For the moment, the overall…
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The precious metal lost the 1817.79 technical support on Tuesday. However, after prices fell to intraday lows of 1789.37, there was a quick recovery. The current pullback could see gold prices retesting the 1817.79 level once again.…
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WTI crude oil prices are giving back the gains after prices touched a new 13-month high earlier this week. The declines come after prices fell to fill the gap from last Friday at 59.55. With most of the intraday declines already pulling…
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XAUUSD has witnessed a choppy descent since hitting record highs in the midst of the 2020 pandemic. The continuous descending channel from the said period has seen prices tested at the psychological $1800 level. The recent bullish…
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The declines in the precious metal stalled after prices once again tested the 1817.89 level of support. A retest of this level, alongside the Stochastics oscillator attempting to move out from the oversold levels, could keep prices to the…
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WTI Crude oil prices resumed the bullish momentum following three days of subdued trading. Prices settled at 59.55 on Friday, marking a new 11-month high. The rebound comes after oil prices briefly fell to the support area near 57.35.…
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The recent pace of strong gains in the WTI crude oil market is seen to be slowing with prices likely to close flat for a second consecutive day. This could potentially see the onset of a short term correction in the markets. The initial…
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The precious metal is down nearly 1% intraday as the short term bearish momentum is strong. Price action is likely to retest the support area near 1817.80. The stochastics oscillator on the intraday charts are also signaling further room…
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The precious metal is struggling to breakout above 1850 as price action was firmly rejected near this level intraday. Overall, gold prices remain trading subdued compared to the gains made in the previous sessions. We expect the…
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