commodities

The recent bull run in the oil markets is slowing down with the commodity posting a flat close for two consecutive weeks now. On Friday, oil prices were testing the lower end of the sideways range between 53.77 and 51.87. This comes…
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The precious metal is giving back some of the gains made on Wednesday, after rising to a nine-day high on an intraday basis, prices are pulling back. This comes as investors wait on further announcements from the new Biden…
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Crude oil prices trade mixed as the developments on the ground unfold. With the new President Biden being quick to rejoin the Paris climate accord, speculators expect further changes on fossil fuel. President Biden was quick to announce…
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The precious metal has managed to rise to an 8-day high following a close above the 1850 handle on an intraday basis. The Stochastics oscillator currently looks somewhat bullish with the possibility that the overbought conditions may…
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WTI crude oil prices continue to hold a bullish front with price once again testing the 13th January and 15th January highs near 53.77. However, the strong pace of gains is showing signs of weakening. Price action has failed to make any…
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The medium-term XAUUSD forecast structure shows a deep intermediate correction wave analysis (4). It takes the form of a minor triple W-X-Y-X-Z zigzag. Waves W, X, Y, and X are complete, whereas wave Z is still under construction. The…
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The precious metal is trading subdued, unmoved by the weaker US dollar. As a result, prices remain rangebound within the 1850 and 1818 levels for the moment. The stochastics oscillator also remains rather flat suggesting the sideways…
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WTI crude oil prices are posting a strong recovery with price action attempting to retest the previously formed highs. However, the reversal looks to be a bit fragile at the moment. As a result, if prices fail to break out above the…
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The precious metal touched down below 1817 intraday to a one-month low. However, prices quickly reversed losses to rise above this technical support. For the moment, prices remain above the 1817 level and could see some upside. But only…
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WTI crude oil prices posted a rebound following the declines from last week. Prices got a boost early on Monday following stronger GDP numbers out of China. However, the current retracement remains somewhat subdued. Unless we see a…
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