commodities

Crude oil prices extended declines but the price level near 37.67 is holding up the commodity for now. A rebound off this level should be followed by a move higher. Therefore, watch for oil prices to test the 40.00 level and probably…
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The precious metal is up over 1% intraday on Tuesday. The gains came after prices bounced off the lower support level near 1671.95. Following this, the breakout of the falling trend line also confirms the upside view. The next key…
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Gold prices caught a bid following last Friday’s sell-off. Price action quickly bounced back off the 1671.95 level of support. But despite this move, the lower high that is likely to form could be indicative of a move lower. Watch how…
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WTI Crude oil prices made a strong gain in the early Asian trading session on Monday. Prices, as a result, hit the key level of 40.00. However, the commodity gave back the gains just as quickly and is down over 2% intraday. The…
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The precious metal was down almost 1.7% on Friday amid a resurgence of bullish sentiment in the market. The risk-on factor pushed gold prices to slip to a five-week low before recovering slightly. The bias remains flat despite the…
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WTI Crude oil maintains a strong bullish momentum. Prices are now within reach of the key $40.00 price level. By Friday’s close, crude oil rose to a three-month high of $39.76. In the near term, the gains will likely see the 40.00 level…
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The precious metal is up over 1.2% intraday on Thursday. The gains came just a day after price action was bearish. But the current gains still keep price action confined within the previous session’s highs and lows. For the moment, a…
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WTI Crude oil prices are trading in the green after prices nearly closed flat on Wednesday. However, the current recovery is still below Wednesday’s highs. A breakout above 38.15 will potentially validate further gains in the commodity.…
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Gold prices are showing signs of downside momentum increasing. Prices fell to a four-week low of 1689.37 before pulling back intraday. The declines come following the failure to post any new higher highs. As a result, gold prices are…
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Crude oil prices are down by over 1.5% on Wednesday. The declines come right after prices soared to intraday highs of 37.25 a barrel. Price action is pulling back currently amid Saudi Arabia and Russia warning OPEC members not to cheat…
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