commodities

The current SPX500 structure hints to a bullish impulse pattern of a cycle degree consisting of primary sub-waves ①-②-③-④-⑤. Presumably, the first four parts of this impulse are already fully complete, whereas wave ⑤ is still under…
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The precious metal continues on with its consolidation. Price action has been trading close to the 1724 level showing no signs of giving up. This comes amid lack of any fresh fundamentals. As a result, gold prices remain caught in a…
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WTI Crude oil prices are back on the front again after price is resuming its uptrend. Following the consolidation near the 37.67 level, oil prices are pushing higher. This could potentially set the stage for oil prices to rise to the…
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The precious metal has consolidated around the 1725 level over the past few daily sessions. This sideways consolidation is likely to suggest that we could see a breakout move in the making. But the bias remains mixed as prices could…
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WTI crude oil prices are trading steadily above the key price level of 37.67. Price action has, however, failed to post any higher highs. As a result, we see a double top pattern emerging near 38.60. If this pattern is validated, then…
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The precious metal did not make any major gains on Friday despite some stock market volatility. However, prices are firmly supported above the 1724 level for the moment. The precious metal attempted to make some gains but prices…
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Oil prices' attempts to make a comeback helped somewhat. Price rose about 1.3% on Friday after the previous session’s strong selloff. As a result, WTI crude oil fell just a few points shy of the 34.42 level of support before reversing…
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The precious metal is trading mixed after prices recovered above the 1724 level. Overall, price action in gold remains quite volatile. As a result, the bias is also somewhat mixed. The focus is back on the 1724 level. A close below…
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Oil prices are down over 8% intraday on Thursday. The commodity briefly made an attempt to push higher but it only resulted in a lower high forming. This eventually saw oil prices breaking past the initial support at 37.67. The close…
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WTI crude oil is attempting to pare losses from the earlier sessions this week. Following the decline to the 37.67 level, oil prices are rising steadily. However, we have a range established between 40.00 and 37.67. Only a breakout…
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