commodities

The precious metal has moved into a holding pattern, staying afloat above 1900 and 1911.50. This marks the key support/resistance level for gold over the past few months. Price action has formed an ascending triangle pattern. However,…
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Crude oil prices continue to trade choppy with Friday's price action closing bearish. However, crude oil managed to recover from the intraday declines on Thursday to settle near the top. Overall price action remains caught within the 41…
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For the best part of two years, silver was trading in a descending channel until the recent risk-off sentiment buoyed the metal market. Prices then rose to yearly highs, breaking clear of all resistance handles and leading to a top at…
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The precious metal is seen trading flat on Thursday, following the modest gains made a day before. Still, price action remains within the confines of Tuesday's high and low. A breakout from this minor range could trigger further gains…
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Crude oil prices flipped as the commodity erased the gains made on Wednesday. The lower high in price action is also potentially building the downside bias. For the moment, oil prices remain within the 41.00 and 38.83 levels.…
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Oil prices made a firm recovery, paring losses for a second day on Tuesday. Price action is back near the 41.00 handle once again. However, the current momentum and set up indicates that we could see a pullback. This will keep price…
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The precious metal is down over 1.5% intraday as price action failed near the 1911.50 - 1900 level of support. This has pushed price action lower. However, the declines might not be out of the woods yet. There is a possibility that…
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Oil prices are back in the green, rising as much as close to 2% intraday. The gains come just a day after oil prices fell sharply to lows near the 39 level. The rebound comes on the back of positive trade data from China. Still, we…
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The precious metal did not make any major gains, as the recent rally came to a standstill on Monday. Prices were able to rise beyond the 1928 region. This led to a modest pullback. However, the declines will likely stall near the…
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