commodities

WTI Crude oil prices are trading weaker following the previous strong bullish sessions. Price action is reversing gains after testing the 56.00 level. The declines could, however, see near term gains once again. For the moment, the…
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The precious metal is posting modest declines a day after the precious metal fell over 1.2%. However, price action remains well supported above the 1817.80 level. In the near term, we expect price action to remain trading flat within the…
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Crude oil prices are posting solid gains for the third consecutive session. The gains come on the back of declining crude oil inventories. It's further due to news that the Democrats took first steps toward advancing President Biden's…
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The precious metal broke past the 1850 level of support on Tuesday. The declines come as price action was consolidating between the 1850 and 1874 levels. If the current pace of decline continues, then we expect to see a move to the…
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Crude oil price finally broke out from the range it has been in for nearly three weeks. The strong upside breakout pushed the commodity toward a new one-year high. A pullback is likely to occur in the near term toward the upper range…
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The precious metal continues to trade flat amid the US dollar strengthening. While prices have managed to stay afloat above the 1850 level of support, the upper resistance level near 1874 is proving hard to break. As a result, gold…
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WTI crude oil prices are posting modest gains rising over 1% on Monday. This comes as prices briefly slipped below the lower end of the range near 51.87. Despite the current pace of gains, oil prices remain stuck within the range between…
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The precious metal attempted to post modest gains on Friday as price action tested the 1874 level of resistance. However, prices gave back the gains rather quickly intraday to settle back near the 1850 handle. Failure to break out above…
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Consolidation in the crude oil markets continues to stretch into the third week. Price action continues to trade nearly flat for three weekly sessions so far. As a result, price action is firmly entrenched within the sideways range…
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