commodities

The precious metal gave back the gains made over the past few sessions as price failed to hold on to the support level near 1967. This led to gold prices falling further. The lower high formation and the current price action could…
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WTI Crude oil prices made modest attempts to rise intraday. However, the gains were erased quickly. Price action turned bearish into the mid-US trading session. Oil prices fell to the 42.00 handle. Just a few weeks ago this is the level…
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The precious metal made modest gains on Tuesday as prices fell back to the support area near 1987. As long as this support holds, we could see price action attempting to push higher. However, note that the lower high could indicate a…
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Oil prices are trading modestly higher but price action still remains below the 43.50 technical resistance. The downside is also supported as the consolidation in the commodity continues with a slightly bullish bias. The support level…
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The precious metal is holding on to its bullish momentum since Friday. Price action is back to testing the resistance level near 1967. Price action briefly tested this level on Thursday before being rejected near the 1967 handle. A…
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WTI Crude oil prices made another attempt to test the 43.50 handle. However, prices were quickly rejected, pushing crude oil lower by close to $0.50. Price action is caught in a range within the 43.50 and 42.00 levels for the moment.…
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The precious metal recovered from the declines from Thursday as Friday's price action pushed price higher. Gold prices settled near 1963 into Friday's close. A familiar resistance level price action on the intraday charts was somewhat…
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Oil prices closed slightly bearish on Friday but on a weekly basis, the commodity has logged four weeks of consecutive gains. Price action pulled back just after rising to a five-month high earlier in the week. The key resistance level…
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The precious metal rose intraday to briefly tested the resistance level near 1967.13. However, price action was quickly rejected, pushing gold prices lower as a result. For the moment, price action is still trading well above the…
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WTI crude oil prices are trading weaker on Thursday. This comes right after the commodity posted gains the day before. Oil prices initially rose after the storm was nearing the Gulf of Mexico, forcing oil producers to shut down…
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