commodities

Oil prices gave back the gains, closing in the red on Friday at 39.74. Price action is likely to continue holding the sideways range between 41.00 and 38.83. In the short term, we see a divergence building up on the Stochastics…
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Oil prices are trading bullish on Thursday as investors brushed aside the build-up in gasoline inventories. The gains come after prices fell sharply off the 41.00 handle earlier on Wednesday. With price rebounding back to the 41.00…
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The precious metal gave up over one percent on Thursday. The declines came on the back of a stronger US dollar. The declines are also invalidating the bullish ascending triangle pattern. If price closes strongly below the rising trend…
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The precious metal is trading mixed with price action steady near the 1900 -1911.50 level. There is a minor resistance level building up near the 1920 handle. If price action breaks past this level, it will potentially trigger further…
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Oil prices are trading flat one day after price action attempted to break past the 41.00 handle. The muted price action comes amid weakening forecasts for crude oil. Furthermore, talks of Russia supporting cutbacks to production is…
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The precious metal has moved into a holding pattern, staying afloat above 1900 and 1911.50. This marks the key support/resistance level for gold over the past few months. Price action has formed an ascending triangle pattern. However,…
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Crude oil prices continue to trade choppy with Friday's price action closing bearish. However, crude oil managed to recover from the intraday declines on Thursday to settle near the top. Overall price action remains caught within the 41…
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For the best part of two years, silver was trading in a descending channel until the recent risk-off sentiment buoyed the metal market. Prices then rose to yearly highs, breaking clear of all resistance handles and leading to a top at…
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