commodities

XAGUSD has seen a progressive double top in the last 6 months of trading, with another test looking likely. The recent headlines surrounding the metal led prices to another attempt at the high $29 level. Since the latest pullback, bulls…
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The precious metal pulled back just a few points away from the 1817.79 level of technical resistance. The Stochastics oscillator which is currently signaling a hidden bearish divergence could see a continuation in price to the downside.…
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Oil prices surged higher intraday on Tuesday. Prices tested a new 13-month high of 62.96 in the early Asian trading session. However, since then, oil prices gradually drifted back lower. The test of support near 60.87 confirms that…
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The precious metal is posting strong gains on Monday, capitalizing on a weaker greenback. As a result, price action is up over 1.5% intraday and is trading near a four-day high. Despite the current gains, XAUUSD will need to breakout…
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WTI crude oil prices are looking bullish with price action posting a strong recovery after the declines from Thursday and Friday last week. For the moment, price is yet to breakout above last Thursday’s highs of 62.22. But this is…
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The precious metal fell to a seven-month low over the week before managing to recovery with bullish gains on Friday. Price action closed with gains after Thursday's doji pattern. This also comes near the support level of 1764. With…
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On Friday, WTI Crude oil prices closed with back to back losses. This led to the weekly price action closing in the red after prices briefly rose above 61.35 earlier in the week. The declines come after oil prices have been moving in a…
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The precious metal is trading flat on Thursday following the sharp declines from the day before. Price action has not yet tested the 30 November lows of 1764.22. For the moment, we expect gold prices to consolidate between 1817.80 and…
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Oil prices are down over one percent on Thursday. The declines come after the commodity rose to intraday highs of 62.22 before giving back the gains. The overall bias in crude oil remains to the upside. Therefore, unless there is strong…
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The precious metal resumes its declines with price action currently trading near the 1777.50 level. The decline marks a new two-month low in the commodity. A break down below this level could further accelerate declines. Still,…
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