commodities

Oil prices are trading somewhat stronger despite the bleak assessment from the Paris based International Energy Association (IEA). The IEA trimmed its demand for the outlook for 2020, but the report did not see much reaction from the oil…
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The precious metal is trading stronger on Monday, with gains driven by a weaker USD and the Fed meeting. Price action is a few points away from the 1967 level which held up as resistance earlier on. A breakout above this level could…
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Oil prices are trading soft with price action attempting to pare losses from last week. Still, prices are hovering near the 37.00 handle. To the upside, the main resistance is seen at 38.83, while to the downside, last week's lows…
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The precious metal is consolidating just a few points below the 1967 technical resistance. With the support formed near the 1911.50 handle, the sideways range could continue. Price action on the daily chart shows a gradual move lower,…
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Oil prices have closed in the red for the second consecutive week. The declines have pushed the commodity down to a two-month low. To the upside, if oil prices continue with the higher low, we could see a rise back to 38.83.…
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Inventories Rise Crude oil prices have seen steady selling this week, fuelled in part by a bearish report from the Energy Information Administration. The EIA reported that in the week ending September 4th, US crude oil inventories rose…
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The precious metal managed to continue posting gains. Price action surged higher after the ECB meeting, as gold rose to the 1967 handle. Prices were quickly rejected near this level as gold pulled back. The confluence of the trend…
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Crude oil prices are back trading on a weaker note a day after price posted a strong rebound. The declines came after the weekly US crude oil inventory report showed increasing stockpiles. With the oil markets already sensitive to…
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The precious metal is making some positive gains after prices closed flat for three consecutive sessions. The dollar weakness is also helping the commodity to post the gains. Earlier in the week, gold prices were trading close to the…
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