commodities

The precious metal is gaining some support off the 200-day moving average. Price action is closing flat on the day, which could signal some near term reversal. This would mean that gold could potentially rise to test the 1817.80 level.…
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Oil prices are continuing to hold the bullish moment. Prices gained over 2% on Wednesday as WTI crude oil approached the 45.00 level of resistance. However, to steer clear above this level, further gains are required. For the moment, we…
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The precious metal is seeing another down day in the markets. The risk-on sentiment in the market is pushing the safe-haven asset lower. Gold prices lost close to $33 on Monday and the declines continue on Tuesday as well. Price action…
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Oil prices are bullish as investors digest the third successful Coronavirus vaccine trials. In hopes of travel opening up again soon and the re-opening of economies, oil prices caught a bid. Price action is up over 5% intraday on…
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The precious metal broke the support near 1850, falling to a four-month of 1830 before pulling back moderately. The declines come amid rising optimism of a Coronavirus vaccine. The US dollar rebounded, adding further pressure to the…
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WTI Crude oil prices got a boost from ongoing positive news about the Coronavirus vaccine. AstraZeneca-Oxford University led efforts saw another vaccine likely to come out in the market. The news is boosting data for optimism as…
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The precious metal made some modest gains on Friday, but the upside momentum is starting to look weaker. Following the recent rise to the 1950 handle, the failure to breakout has led to weaker price action. While the 1850 level of…
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Oil prices offset the losses from Thursday, posting strong gains on Friday. After consolidating near the 41.00 level of support, the commodity is once again testing the previous highs. The key challenge for crude oil will be the 42.68…
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The precious metal is trading lower as price action is on track for a three-day losing streak. The declines come following the Doji pattern that emerged on the daily chart on Monday. The continuation lower could see prices testing the…
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WTI Crude oil prices are trading weaker, giving back some of the gains from Wednesday. Price action remains supported above the 41.00 level for the moment. However, as the momentum continues to point to the downside, we could expect to…
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