commodities

The precious metal continues to post strong declines. On Friday, the commodity lost over 3% into the close to settle at 1847. Prices are now trading near a three-week low. The weekly bearish price action candlestick is also likely to…
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Oil prices continue to push higher with prices settling near 52.60 last Friday. It marks the highest levels since February. The gains also come with nine weekly consecutive gains so far. With price action cutting past the trendline from…
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The precious metal is posting declines, albeit at a slower pace in comparison to the day before. The precious metal is trading near the 1911 region, which has in the past proven to be a strong support and resistance level. With the…
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Oil prices are on track to post a third consecutive daily gain. Price action has breached past the $50.00 level on 6 Jan. However, the current pace of gains tests the trendline from below. This could mean that price action could make a…
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The precious metal once again failed to breakout above the key 1950 level of resistance. Following the failure, gold prices lost close to 2.30% intraday. The declines push gold prices back to the key support level near the 1900 - 1911…
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WTI crude oil touched $50.00 a barrel on Wednesday in the early Asian session. The gains came after the OPEC+ meeting saw Saudi Arabia cutting oil output by one million barrels per day. The rise to $50.00 marks the first time testing…
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The gains in the precious metal saw price rising to the 1950 level. This marks the second retest of this level since November 2020. Previously, prices fell back right after testing this level. At the moment, the Stochastics oscillator is…
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Oil prices are bullish on Tuesday, rising over 5% intraday. The gains come on the second day of the OPEC+ meeting. Saudi Arabia, alongside other countries, opposed Russia's proposal of raising production. The current gains in oil prices…
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Gold prices popped higher as the US dollar continued to extend declines. The pace of gains in the precious metal was however bigger, rising almost 2% intraday. The gains come amid a mixed set of narratives, including the Georgia senate…
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Oil prices rose to multi-month highs on Monday in anticipation of the OPEC+ meeting. Furthermore, tensions in the Middle East also added to the bullish fundamentals. Prices rose to highs of 48.97 before giving back the gains. For the…
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