commodities

Oil prices maintain a soft trend with prices hugging the rising trend line. Price action suggests that the upside momentum is waning. Oil prices closed right near the major trend line on Friday. We expect to see a possible bounce to…
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Gold prices are trading rather muted on Thursday after the previous strong price action. The precious metal touched highs of 1779 on Wednesday before retreating. The breakout from the median line suggests a potential dip to the 1747…
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Oil prices fell to the support near 37.66 as expected. The rebound off this level is also seemingly holding up for the moment. However, price action needs to close above this level to confirm that the support level is holding up for now.…
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The precious metal is seen slowing down its gains following the recent breakout. There seems to be a technical resistance near the 1774.50 handle. Still, at the time of writing gold prices are attempting to break out above this level.…
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WTI Crude oil prices are down over 3% intraday. The declines come just after prices touched a three-month high near 41.50. Following this gain, oil prices are trading back below the 40 handle which had proven to be a bit of a struggle to…
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The precious metal is up over one percent on the day. The gains come after price action has been trading flat over the past few sessions. However, gold prices are not out of the woods yet. The upside resistance level near 1747.00 remains…
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Oil prices finally managed to push higher and hit the 40.00 psychological level. Following the gains to this resistance level, oil prices are pulling back. We expect prices to potentially pullback in the short term. The initial…
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The precious metal continues on with its consolidation. Price action has been trading close to the 1724 level showing no signs of giving up. This comes amid lack of any fresh fundamentals. As a result, gold prices remain caught in a…
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WTI Crude oil prices are back on the front again after price is resuming its uptrend. Following the consolidation near the 37.67 level, oil prices are pushing higher. This could potentially set the stage for oil prices to rise to the…
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