commodities

The precious metal is down close to 0.80% intraday amid improving market sentiment. Following the lower high forming at 1745.14, the declines are potentially signaling a further drop. For the moment, the lower support level at 1717.65…
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WTI Crude oil prices rose more than 2% intraday on Tuesday. The gains came on the back of developing fundamentals that are bullish for the commodity. With prices now rising higher, we expect the gains to continue. The next main…
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Gold prices opened higher on Monday, but price action has failed to make any major gains. We expect to see a flat close which could potentially suggest the downside building up. This also coincides with the lower high that is currently…
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Oil prices rose to a two-month high on Monday, briefly rising above 35.50. But prices quickly gave up the gains. The retracement will likely see support forming near the 33.66 level. A reversal off this level will support the upside…
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The precious metal is trading somewhat bullish as it attempts to recover the losses from the previous two sessions. However, the intraday charts show a consistent lower high forming, alongside lower lowers. This is indicative of a…
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WTI Crude oil prices are finding it difficult to break past the 33.66 level. After briefly trading above this level, oil prices are back below this handle once again. But as a result, a soft double bottom pattern is forming near…
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Gold prices are pushing lower after the precious metal failed to find support at 1717.65. The breakdown below this level has led to gold falling over 0.80% intraday. Prices are now trading off a minor support level at 1696.50. If…
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WTI Crude oil prices gave back the gains from earlier this week as prices are trading softer. The commodity is trading near the 33.66 level which has been somewhat difficult to break past. But, the Stochastics oscillator is positioned…
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The precious metal gave up the gains and as a result, price action posted a lower high. This came in right near the resistance level of 1747.00. Following this, gold prices fell further as price action is now in consolidation. The…
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WTI Crude oil prices are up over 2% intraday on Thursday. The steady bullish trend in the commodity has pushed prices above the 30.00 threshold for the first time since mid-March. If this bullish momentum continues, crude oil will be…
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