commodities

The precious metal is seen trading flat on Thursday, following the modest gains made a day before. Still, price action remains within the confines of Tuesday's high and low. A breakout from this minor range could trigger further gains…
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Crude oil prices flipped as the commodity erased the gains made on Wednesday. The lower high in price action is also potentially building the downside bias. For the moment, oil prices remain within the 41.00 and 38.83 levels.…
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Oil prices made a firm recovery, paring losses for a second day on Tuesday. Price action is back near the 41.00 handle once again. However, the current momentum and set up indicates that we could see a pullback. This will keep price…
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The precious metal is down over 1.5% intraday as price action failed near the 1911.50 - 1900 level of support. This has pushed price action lower. However, the declines might not be out of the woods yet. There is a possibility that…
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Oil prices are back in the green, rising as much as close to 2% intraday. The gains come just a day after oil prices fell sharply to lows near the 39 level. The rebound comes on the back of positive trade data from China. Still, we…
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The precious metal did not make any major gains, as the recent rally came to a standstill on Monday. Prices were able to rise beyond the 1928 region. This led to a modest pullback. However, the declines will likely stall near the…
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Oil prices took a nosedive on Monday, losing about 2.7% intraday. The declines came on the news about the Norwegian oil workers striking coming to an end. Furthermore, restrictions on Libya's largest oil field was also lifted, adding to…
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The precious metal has been trading muted on Thursday. This follows the modest attempt to pullback following the decline to the 1875 handle. For the moment, this could be the short term range in gold. The Stochastics oscillator is also…
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Oil prices were trading bullish on Thursday, gaining over 2% intraday. The gains pushed oil toward the 41.00 level before pulling back. Failure to breakout above this level cements the view of the strong resistance here. We could…
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