commodities

Gold was seen consolidating near the 1900 level. Price action previously tested this level before pulling back recently. In the process, we have a potential ascending triangle pattern emerging. If the 1900 level of resistance breaks,…
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Oil prices are trading flat ever since prices touched intraday highs of 49.29 on December 21. Since then, oil prices pulled back and are trading in a sideways range. For the moment, this sideways range is likely to continue. However,…
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The precious metal is trading somewhat bullish, building upon the gains from Tuesday. Price action is on track to close with gains for two consecutive days. However, the pace of gains remains subdued for the most part this week. For…
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WTI Crude oil prices managed to hold up the intraday gains for the most part. However, by the late European session, the commodity was seen giving back those gains. Oil prices are down about 0.35% intraday. The declines come as oil…
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The SPX500 structure shows a bullish cycle impulse consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern have ended, with the primary correction wave ④ being an intermediate flat. Intermediate waves…
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The precious metal is on track to close on Tuesday with some modest gains. This puts price action to reverse the declines from the day before. For the moment, the overall trend remains flat. Within the short term price charts, the…
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Oil prices are turning higher, albeit price action remains relatively flat. A weaker dollar is helping to push the oil prices modestly higher. But the recent highs near 48.94 remains a lower high compared to the previous highs.…
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Gold Gold prices are trading mostly flat so far this week. Prices have reversed lower from initial highs posted on Monday. Price has turned lower in light of the strong rally taking place across equities markets in the final few days of…
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The precious metal is on track to close flat on the day for Monday. This comes as prices attempted to rise intraday. However, as the momentum fizzled out, gold prices form a lower high. This could potentially trigger a short term…
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Oil prices maintained their bullish continuation with prices rising in early Monday trading. However, after rising to intraday highs of 48.94, the commodity gave back the gains, forming a lower high. If prices break down below the pivot…
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