commodities

The precious metal is looking to reverse the recent sharp declines. Prices closed almost flat on Thursday. Thus a follow-up bullish close on Friday could see some near-term gains being made. But the correction could hit the resistance…
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Oil prices are trading bullish as price action fully recovered on Thursday from the losses from the previous two sessions. But prices are still off the 41.00 handle where resistance is likely to hold in the near term. The outlook…
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The precious metal remains in a bearish move after earlier this week, price failed to hold above the 1900 level. A brief retracement saw prices testing the 1911.50 level. But with no further room to go, gold prices reversed direction.…
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Crude oil prices are trading with some modest gains on Wednesday. This is after earlier in the week, a weaker inventory report from the American Petroleum Institute (API) saw price falling. For the moment, oil prices are holding on to…
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The precious metal is on track to close in the red on Thursday. However, the pace of declines is limited following the initial reaction. Gold prices closed with modest gains on Wednesday, only to reverse those gains on Thursday. The…
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Oil prices made up for the losses set off last week. After breaking past the 38.83 level which did not offer much resistance, price action pulled higher. Late in the US trading session, oil prices briefly tested the 41.00 level before…
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Crude oil prices have traded higher across the week, recouping some of the losses suffered over the prior week. This week’s gains have been driven mainly by a bullish report from the EIA. In the week ending September 11th, the Energy…
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The precious metal is trading weaker, as the technical resistance level near 1967 held on. The Fed meeting also set off the declines with gold likely to head lower in the near term. Price action could be on track to retest the 1911.50…
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Oil prices continued to push higher as price action cleared the previous resistance level near 38.83. Following the upside breakout, the commodity also pushed slightly higher to the levels near 40.00 before pulling back. If the…
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The recent gains in the precious metal hit a snag after price failed to breakout above the 1967 resistance. The strong confluence of both the trend line and the horizontal support level has reversed direction. Price action is likely…
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