commodities

Oil prices are trading weaker, down about 0.18% on the day. The declines come after oil price posted steady gains into last Friday's close. However, price action is pulling back after testing new highs of above 46.50. The declines could…
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The precious metal settled above the 1817.80 level on Friday, with some modest declines. Price action has been trading above after rising above this level last week. A sideways range is emerging as a result of gold prices trading…
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Oil prices settled on Friday with gains, after closing near $46.12 a barrel. The gains come after OPEC+ agreed to raise output by 500,000 barrels. After rising past the 45.00 level of resistance, oil prices are likely to look for further…
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The precious metal is trading somewhat softer after rising above the 1817 price level. This coincides with the expected correction in prices. The Stochastics oscillator is flat at the moment. However, further gains might see gold prices…
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Crude oil prices are trading flat near the resistance level of 45.00. This comes as price action is consolidating here for the past few sessions. The commodity held its ground despite OPEC+ agreeing to increase oil output, rather…
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XAUUSD has been trading with a bearish undertone since hitting record highs in August. An attempted resurgence in August saw a freefall to the $1760 area at the back end of November. However, currently, bulls have fought back to lead the…
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Oil prices are trading bullish with price action rising over 2.5% intraday. The gains come as oil prices get a boost from a weaker US dollar. Furthermore, the weekly inventory report also saw a modest decline. This sent oil prices to…
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The precious metal is extending its bullish momentum. Price action is trading above the key resistance level of 1818.80. As long as gold prices remain firmly above this level, we could expect further gains. This could extend the…
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