commodities

Gold prices did not make any major gains, but price action is stable above the key 1800 price level. Following the brief decline intraday on Tuesday, gold prices are trading near the previous highs. So far, gold is not showing any signs…
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Oil prices are trading about one percent higher intraday on Wednesday. Price action looks to have cleared the key hurdle near the 40.50 level. However, prices are not out of the woods yet as crude oil might still be at risk of a pullback…
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The precious metal is trading comfortably above the 1800 level on Monday. Price action briefly dipped to the psychological round number level to establish support. However, we see a lower high forming near the top. If gold prices fail to…
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Crude oil prices are trading mixed, following last Friday's bullish close. However, failure to breakout above the 40.00 level has kept price action subdued. The OPEC member nations including Russia are due to meet this week.…
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The precious metal ended the week a few points below the 1800 level. Price action remains somewhat precarious. A continuation to the downside could see gold slipping towards the 1785.50 level. This is unless gold resumes its bullish…
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Oil prices managed to pare losses on Friday. However, price remains near the 40.56 level. We could expect volatility to rise as the OPEC+ leaders meet this week. The bias remains to the upside as a  move above the 40.50 level will signal…
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The precious metal gave up nearly half the gains from the previous day. After rising briefly above the 1800 level, gold prices are down about 0.5% on Thursday. Currently, price action is challenging the 1800 level. Given the…
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Crude oil prices are down nearly 2% on Thursday. The declines come after prices failed to make any major gains above the 40.00 handle. This has formed an ascending triangle pattern, which seems to be challenged at the moment. A…
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The precious metal saw an aggressive rally on Wednesday, which took prices well past the 1800 level. The price of spot gold hit intraday highs of 1817 before making a modest retreat. The current gains could continue with any dips…
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Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles. The spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level. Price action so far…
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