commodities

The precious metal is making the final push towards the 1800 handle. Price action is gaining momentum as gold is a few points away from the elusive price target. The Stochastics oscillator is also showing renewed momentum to the upside.…
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Crude oil prices continue to trade softly with prices holding on above the 40.00 handle. But price action is now challenging the rising trend line from below. A breakout above this trend line will confirm a further upside in oil prices.…
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The precious metal is recovering following last week's decline from a fresh nine-year high. Price action is trading around the 1783 level with the 4-hour chart signaling a Doji candlestick pattern. This could potentially either signal…
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Oil prices are somewhat bullish on Monday. Price action is modestly trading above the 40.00 handle. But crude oil is not out of the woods yet. A clean breakout above 40.00 is required to confirm the upside bias. For the moment, prices…
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The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800…
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Oil prices continue to remain in limbo. Price action is trading quite flat with oil stuck around the 40.00 handle for the past few days. The squeeze between the horizontal resistance level and the trend line suggests that a major…
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The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to…
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WTI Crude oil prices are back near the technical resistance level once again. This comes amid price action remaining caught within the trend line and the horizontal resistance level. Price action needs to breakout higher above this…
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The precious metal failed to make any major gains after prices rose to highs near 1788. The rising wedge pattern signaled earlier results in prices making a short term correction. However, gold is still trading within the larger…
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WTI Crude oil prices made an attempt to test the technical resistance level around the 40.18 - 40.42 region. However, prices were pushed lower immediately. For the moment, the consolidation is showing a squeeze in the price between the…
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