commodities

The precious metal continues to trade flat and in a rather tight range. This comes as price action remains supported above the 1850 level in the longer term. However, the daily candlestick pattern indicates a possible move to the…
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Crude oil prices are back on the front foot after posting moderate declines on Tuesday. Price action is up over 1.5% on the day with the 41.00 level of support holding prices for the moment. However, this means that oil prices need to…
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The precious metal continues to trade flat with price action entering a tight sideways range below 1900 and above 1880. The sideways range comes as the news of the Coronavirus vaccine offsets the new number of cases in the US. For the…
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WTI Crude oil prices are trading on a softer note. Price action is pulling back to the 41.00 level of support where consolidation is taking place. The lower high near the 42.00 level could signal a move lower. But this can be valid only…
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The precious metal made attempts to recover from the losses over the week. However, the rebound remains weak for the moment, with the overall set up looking bearish. Following the rebound off the 1850 handle, gold attempted to make…
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Oil prices gave back some of the gains made from last week. This comes after prices broke past the 41.00 level of resistance. The gains saw oil prices trading briefly close to the 43.00 handle before easing back. As a result, oil…
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The precious metal is attempting to make some gains on the day following the recent sharp sell-off from earlier in the week. Price action is now nearing the recent highs from just the day before. Still, the overall trend looks to be…
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WTI crude oil prices are trading somewhat soft but intraday gains are over one percent. The commodity initially rose to a two-month high before pulling back. The declines saw the 41.00 level being tested for support. With prices being…
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The precious metal gained strong momentum as it initially approached the key resistance level of 1929.80. The bullish gains saw a sharp move to the upside with the 1967 level as the next key target. It is possible for gold prices to…
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Oil prices continued to pullback after the gains over the week that saw the 38.83 level of resistance being tested. The declines have put price action to trade within the 38.83 and 36.51 levels in the near term. The support level near…
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