commodities

The precious metal is somewhat bullish as price action inches closer to the 1800 level. Overall, the precious metal is making the best quarterly gains, last seen in March 2016. However, the current momentum remains somewhat weak.…
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WTI Crude oil prices once again dipped back to the major trend line to find support. Prices are inching closer to the 41 level of resistance which has held up firmly so far. This potentially puts the trend line at risk. If oil prices…
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Price action in the precious metal is somewhat choppy. But so far, gold is holding up firmly above the 1750 level. For the upside to continue, gold needs to close out above the June 24th highs of 1779.15. This will potentially set the…
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Oil prices maintain a soft trend with prices hugging the rising trend line. Price action suggests that the upside momentum is waning. Oil prices closed right near the major trend line on Friday. We expect to see a possible bounce to…
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Gold prices are trading rather muted on Thursday after the previous strong price action. The precious metal touched highs of 1779 on Wednesday before retreating. The breakout from the median line suggests a potential dip to the 1747…
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Oil prices fell to the support near 37.66 as expected. The rebound off this level is also seemingly holding up for the moment. However, price action needs to close above this level to confirm that the support level is holding up for now.…
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The precious metal is seen slowing down its gains following the recent breakout. There seems to be a technical resistance near the 1774.50 handle. Still, at the time of writing gold prices are attempting to break out above this level.…
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WTI Crude oil prices are down over 3% intraday. The declines come just after prices touched a three-month high near 41.50. Following this gain, oil prices are trading back below the 40 handle which had proven to be a bit of a struggle to…
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The precious metal is up over one percent on the day. The gains come after price action has been trading flat over the past few sessions. However, gold prices are not out of the woods yet. The upside resistance level near 1747.00 remains…
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Oil prices finally managed to push higher and hit the 40.00 psychological level. Following the gains to this resistance level, oil prices are pulling back. We expect prices to potentially pullback in the short term. The initial…
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