commodities

Price action in WTI crude oil markets have come to a standstill. Although trading above the 25.00 level, prices are trading rather flat. With only a modest lower high forming so far, this consolidation could see a breakout in the near…
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The precious metal is on a rebound once again as price action is steadily rising after slipping to 1691.76. The upper level near 1716.57 could come in as resistance unless there is a strong breakout. As a result, we expect gold prices…
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Price action in crude oil has turned rather flat. Although WTI is up close to 2% intraday, the bigger picture shows a trendless market Price action has, however, settled comfortably above the 25.00 level. As long as this level holds,…
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Gold prices advanced slightly higher on Friday last week but only to give back some of the gains. Price action broke to the upside of the falling trend line, briefly rising above the 1712.50 price level. However, failing to build upon…
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Oil prices did not make any major gains in the last session. Rather, price action was trading off the previous highs. The consolidation near the price of 25.00 continues. Although the Stochastics oscillator is hinting a possible…
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Gold prices are likely to continue to trade within the levels of 1712.47 and 1691.76. This comes as risk appetite is improving slightly. With prices trading within the said levels, the bias also remains mixed. There is scope for both…
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WTI crude oil prices are up for the fifth consecutive session. As a result, the rally in oil prices saw them trading near the 25.00 level. This marks the completion of the double bottom pattern after a successful rebound. With prices…
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WTI Crude oil prices are up nearly 12% on the day. It was the fourth consecutive session of gains. With the price level at 17.80 being cleared, crude oil prices could be likely targeting the double bottom pattern’s target price of 25.00.…
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Gold prices are trading modestly flat with the bias staying mixed at the moment. Price action is caught between the resistance and support levels of 1712.50 and 1691.75. A breakout from this range could see a short term direction…
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The precious metal extended declines last week to test the support level of 1671.95. However, price action quickly reversed those declines to move modestly higher. XAUUSD is now trading within the levels of 1712.50 and 1671.95. A…
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