commodities

The precious metal is posting a recovery rally following the sell-off from the previous sessions. Price action is back trading near the 1750 handle after slipping to lows of 1731 earlier. But with the previous high at 1764.90 level,…
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The rally in oil prices saw the commodity finally hitting the technical resistance level at 33.59. This comes as the commodity rose over 5% intraday on Wednesday. But with the Stochastics oscillator indicating a possible divergence,…
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The precious metal is trading flat after prices fell sharply just the day before. For the moment, gold is trading below the key price level of 1747.00. There is scope for price to briefly retest the 1747.00 handle. A breakout above…
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Crude oil prices continue to trade higher. But prices are easing back after WTI crude oil rose to a two-month high in the previous session. The minor pullback could potentially see the bullish momentum pushing prices higher. The main…
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Gold prices are retreating just after the intraday action saw prices rising to an eight-year high of 1764.92. The declines come just after the precious metal rose past the previous highs from mid-April this year. The strong…
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WTI crude oil prices are up by over 9% intraday. The commodity is back to the bullish trend after price consolidated over the past few sessions. The resulting breakout above 27.95 has now opened the way for WTI crude oil to test the…
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The precious metal rose just under 1% on Friday, settling at 1743.94. But, this was not before rising to intraday highs of 1751.42. This also marks the upside target of the ascending triangle pattern. Gold prices were consolidating…
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WTI Crude oil prices finally saw an upside breakout on Friday as the commodity rose to a two-month high. Price rose over 6.5% on Friday, settling at 29.79 to the barrel. The resistance level at 28.00 was strong and kept price confined…
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Oil prices are up over 3% intraday after the EIA report showed a drawdown in crude oil inventories on Wednesday. At the same time, Saudi Arabia’s Aramco reported that they will cut back on crude oil allocation to some Asian countries.…
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The precious metal is trading back near the technical resistance level of 1712.47. As the sideways range is maintained, we expect prices to drift lower. There is also a trend line that will come in as dynamic resistance keeping a lid…
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