commodities

Price action in the precious metal is showing a slowdown in the pace of gains. Following nine weeks of gains, gold prices ended the week on a bearish note. While price has managed to rebound off the lows near 1875, it has yet to…
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Oil prices continue to remain in a holding pattern. Price action fell back to the 42.00 level and oil managed to close slightly higher above this level. This week's OPEC meeting might help oil prices to gain some momentum. To the…
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Gold The yellow metal has seen plenty of volatility this week. A steep sell-off earlier in the week saw price peeling away from recent all-time highs. However, the dip quickly found buyers and price has managed to stem those earlier…
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The precious metal is seen rising from the three-week low it hit earlier this week. Price action is currently up over one percent intraday as it approaches the 1967 level where we might see some resistance building up. A close above this…
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Oil prices are holding steady despite fresh EIA forecasts released on Thursday. The data showed a lower demand for crude oil for this year. But the commodity has brushed aside the report. With 42.00 cleared, we could expect price to…
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Following the strong declines, the precious metal is stabilizing after falling to a three week low on Wednesday during the early Asian session. Price action is now somewhat strong having established support near the 1900 region. To…
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Crude oil prices brushed aside a weak demand outlook as per the reports from the latest projections from OPEC. Oil prices are trading about 2% higher intraday. A strong close above the 42 level could strengthen the upside bias. This is…
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The precious metal is posting its first proper correction in nearly three months. Gold is down over 3.5% intraday after it broke out from the rising price channel. The support area near the 1967 handle has also given way. The current…
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WTI crude oil managed to break out of the 42.00 ceiling on late Monday. However, following a brief rally above the 42.00 level, the commodity is seen pulling back. We expect the 42.00 price level to be tested once again. There is also a…
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The precious metal is trading soft on Monday right after prices touched a new all-time high last Friday. The pace of declines is, however, limited. This means that the upside is still likely to prevail. On the 4-hour chart, we see…
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