commodities

The precious metal was also trading weaker on Friday with prices down over 1%. However, price action remains subdued for the moment with the sideways range between 1850 and 1818 levels holding up for the moment. The lack of further…
Read More

Crude oil prices were down close to 3% on Friday. This comes even as prices attempted to make a rebound earlier in the week on Thursday. However, this rebound led to a lower high emerging. Following this, prices gave back the gains on…
Read More

The precious metal is trading subdued, in anticipation of further news on the stimulus proposal from the new Biden administration. Price action is strongly consolidating near the 1850 handle for the moment. This could continue for a…
Read More

WTI crude oil prices are trading flat having risen to highs of 53.90 intraday on Wednesday. The declines push the price action back below the rising trend line. This could potentially see the trend line being retested from below. The…
Read More

Price action in the precious metal remains mixed. In the medium-term outlook, the current consolidation near the 1850 level is likely to signal a bearish flag pattern. But price action needs to post a strong close below the 1850 level to…
Read More

Crude oil prices are likely to signal a correction if the price action closes with a Doji. This comes after a steady patch of gains that pushed the commodity to an 11-month high. Given the strong pace of gains, prices are likely to make…
Read More

The precious metal is likely to close flat once again, marking a flat print for the second consecutive day. Although prices rose higher intraday, the gains quickly disappeared. There is a possibility of prices forming a bearish flag…
Read More

Oil prices continue to post modest gains with price action managing to rise above the trend line. As a result, WTI crude oil prices are now close to the next round number level of 53.00. On the intraday charts, we see the bearish…
Read More

The precious metal is on track to close flat on Monday. Price briefly slipped to test the 1817.80 level before pulling back. Overall, gold prices are currently confined to trade within the 1850 and 1817.80 levels. Only a strong breakout…
Read More

WTI crude oil prices are taking a breather following the strong winning stretch from last week. Price action is largely muted, even failing to post any new highs. As a result, oil prices are confined within last Friday's range. Since the…
Read More