commodities

The precious metal is trading on a softer note on Monday. Robust economic data has sparked optimism in the Eurozone economy. After rising to highs of 1984.86, price action is trading a few points lower. While the trend line is…
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Oil prices are trading somewhat volatile over the past two sessions. The commodity is up over 1.25% on an intraday basis. The gains come as WTI crude oil is testing the 41.00 level once again. Given that this price level held up as…
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The rally in gold is taking a pause as price action has barely managed to post any new highs. The 1981 price region is proving hard to breach for the momentum. Despite this, a breakout above this level might see gold prices easily…
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Oil prices managed to pare some of the losses from the day before on Friday. But price action closed somewhat flat into Friday's session. The break down of the trend line could suggest a possible decline further in the near term.…
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Gold The yellow metal has seen plenty of volatility this week. Price initially broke out to fresh all-time highs before reversing to end the week a little off those highs, as of writing. The main catalyst behind the continued rise in…
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Crude Inventories Plummet The latest report from the Energy Information Administration this week offered some hope for crude bulls. The EIA reported the largest weekly crude draw of the year in the week ending July 24th. US crude…
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The precious metal is looking a tad weaker following the price action from Wednesday. An intraday high near 1980.71 saw prices retreating. This has also formed a double top pattern near the top end of the rally. But the lower support…
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Oil prices remained within the range of 41.00 and 42.00 on Wednesday. Price briefly fell back to the 41.00 level before a slight bounce to the upside. The consolidation, which is now over a week, could signal a possible breakout in the…
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The precious metal rose to highs of 1975 before retreating. Price action is still bullish although the pace of gains is relatively muted compared to the past few days. For the moment, support is at the 1931 level. If prices break down…
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The consolidation in the oil markets continue. Price action is testing the lower end of the range at 41.00. This marks the second test of this level which has held up so far. To the upside, the range high near 42.00 remains strong to…
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