commodities

Gold prices were trading volatile after price action fell to intraday lows of 1902.55 before pulling back higher. The main resistance is seen at the 1967.13 level which could be tested in the near term if the rebound continues. To the…
Read More

WTI Crude oil is trading mixed after price action touched a new five-month high at 43.75. A minor resistance level is likely to emerge around the previous swing high in the 43.50 region. However, this level will prove to be critical.…
Read More

The precious metal is trading weaker on Tuesday as US and China trade talks resumed. This boosted the risk-on sentiment, pushing the safe haven lower. Price action is now trading below the 19th August lower close of 1927. This…
Read More

Oil prices are somewhat volatile and price action is up over 2% intraday. The gains come following oil output cuts due to the storm Laura which has been upgraded to a major hurricane. The supply cuts are pushing oil prices higher but…
Read More

The precious metal is taking it easy amid a strong risk-on rally that is pushing equity markets to record highs. The risk-on sentiment comes on optimism on the developments for the treatment of the virus. Price action is supported…
Read More

WTI Crude oil rose slightly higher on Monday amid storms in the Gulf of Mexico. The storm is threatening a complete shutdown of oil production units in the region. Oil prices rose to intraday highs of 42.85 before pulling back. Any…
Read More

The precious metal closed last week on a flat note, right after the strong declines from the week before. With price firmly below the 1967 level, we expect gold prices to consolidate in the near term. As long as price action is below…
Read More

WTI Crude oil prices continue its consolidation with price action on Friday showing a modest pullback off the 42.00 level. From the current set up, oil prices are likely to see another attempt to trade above the 42.00 level. However,…
Read More

The precious metal is resuming its bullish trend with price action trading slightly above the 1972 level of resistance. A strong close above this level or at the very least a bullish continuation is required  This will confirm the…
Read More

Crude oil prices continue to maintain its recent range, albeit price action is recovering from last Friday's slump. Oil markets will be looking for cues from the OPEC+ meeting this week, which is due on Wednesday. Price action is firmly…
Read More