commodities

Oil prices have been somewhat volatile over the past few sessions. After trading strongly above the 42.00 level, oil prices gave way, paring gains. As a result, WTI crude oil is now trading within the 42.00 and 41.00 levels. A…
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The precious metal gave back some of the gains on Friday after price reached a new all-time high last week. Gold prices were trading above the 2050 handle rather comfortably. However, price lost out into the close to settle near the 2031…
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Crude oil prices gave back the gains to settle lower on Friday. After the previous move above the 42.00 handle, crude oil pared gains. After moving back into the range, oil prices briefly touched the 41.00 handle before a slight rebound…
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The current XAUUSD structure suggests a cycle impulse V. It has so far completed its first four waves. The market is currently forming a bullish impulse wave ⑤ of the primary degree. This consists of intermediate sub-waves…
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Gold It’s been another impressive week for the yellow metal which has broken out to new all-time highs. The continued sell-off in the US dollar is helping to keep gold prices well supported. So too are the ongoing concerns over the…
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The precious metal broke a new record with prices easily trading above the $2050 handle. This puts gold prices, up over 4% this month already. It comes on the back of a solid four-month gain, which has seen a 25% increase so far.…
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Crude oil prices briefly shot up higher, rising close to 43.50 before giving back the gains. Price action fell back to the 42.00 handle and support looks to be firm here. But if the consolidation continues, then oil could possibly be…
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Crude Inventories Fall Again The latest report from the Energy Information Administration this week has helped further the cause of oil bulls. The EIA reported that in the week ending July 31st, US crude oil inventories fell by 7.4 million…
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The precious metal continued with its bullish onslaught on Wednesday. After breaking the $2000 threshold earlier, gold prices continued higher. Intraday prices saw gold rising toward the 2050 level before making a modest pullback. The…
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Oil prices managed to gather some bullish momentum on Wednesday. Prices rose over 3% intraday as WTI crude oil breached past the 42.00 handle eventually. The gains come amid a hawkish inventory report for the commodity. Still, doubts…
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