commodities

WTI Crude oil prices rose sharply on Thursday to rise close to the 48.00 level. However, prices pulled back into Friday's close. This comes as the 45.00 level is firmly establishing as support. Thus, a pullback could see this support…
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Gold Gold prices have been lower over the week following a strong sell-off on Wednesday. The market shed 2.4% in response to the move higher in the dollar midweek. The risk sentiment backdrop has generally remained against gold this…
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The precious metal did not react much to the news of the ECB's stimulus expansion. As a result, gold prices remain fairly settled above the 1850 levels for the moment. As long as this support holds, we can expect price action to trade…
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Oil prices are trading bullish following days of consolidation near the 45.00 level. The gains are driven by news about two oilfields in Iraq under attack. For the moment, with the support level at 45.00 being establishing oil prices…
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Oil prices continue to trade weak above the 45.50 level. Prices fell once again on Wednesday, testing the 45.50 level of support. So far, no new highs have formed. This consolidation could lead to a potential correction if support gives…
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The precious metal is seen retesting the support level of 1850 once again. This comes as prices barely rose close to the 1880 level before giving back the gains. The market sentiment remains mixed leading to the rather flat price action…
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The precious metal is steady after prices rose above the 1850 handle earlier this week. Gold held ground despite the US dollar rising slightly on the day. For the moment, prices are drifting just above the 1850 level. But support needs…
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Oil prices remain trading flat above the 45.26 support level. Price action has been trading above this level since the start of the week. However, failure to make any new highs could see the support level coming under pressure. If the…
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The precious metal is posting a strong recovery as price action zoomed past the 1850 handle. The gains come after gold prices managed to settle comfortably above the key price level of 1818.80. With the 1850 level giving way to…
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