Commodities News

Oil Steady, Gold Under Pressure

Oil Steady, Gold Under Pressure

It’s been some month for oil, with three vaccines and various assurances from OPEC+ triggering a 35% rebound just as prices were getting into dangerous territory. It seems some profit-taking is finally kicking in today as we ease into the end of the week. With holding...

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Natural Gas Making A Bullish Effort

Natural Gas Making A Bullish Effort

made a big a-b-c corrective decline on the 4h time frame chart, and found a low at the 2.52 level, from where a new five-wave minor move started unfolding. This five-wave (impulsive) move, and latest break above the upper corrective channel line is evidence that...

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Gold Stock Correction Is Maturing

Gold Stock Correction Is Maturing

The last time I wrote a title like the above was on ; and wouldn’t you know that the correction ended the very next trading day? The consolidation breakout on Monday, June 22 created the gap you will see as a downside objective on the daily chart of below. That was a...

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Gold: Bearish Short-Term | Investing.com

Gold: Bearish Short-Term | Investing.com

Long Term Trend                           BullishIntermediate Term Trend               BearishShort Term Trend                          BearishVery Short Term Trend                  BearishIn our last update, we said we were watching support at 1850 as the key area...

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Oil: Further Recovery May Be Difficult

Oil: Further Recovery May Be Difficult

is developing a growth on Thursday morning, increasing more than 8% so far this week and adding one third from the lows at the beginning of the month.   's growth momentum yesterday and the renewal of highs since March are attributed to an unexpected decline in US ,...

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Gold: Long-Term Fundamentals Remain | Investing.com

Gold: Long-Term Fundamentals Remain | Investing.com

plunged to $1,800. What does this imply for the gold market? Whoa! Tuesday, Nov. 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which dropped from a local peak of...

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Crude Rallies, Gold Scrapes Higher

Crude Rallies, Gold Scrapes Higher

Crude inventories propel oil higher Oil prices performed strongly again overnight, with rising 2.10% to USD48.80 a barrel, and increasing 2.45% to USD45.85 a barrel. In Asia, prices continue to edge higher, both contracts adding 10 cents a barrel. The main driver for...

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Crude Oil Reaches Bullish Target Amid New Lockdowns

Crude Oil Reaches Bullish Target Amid New Lockdowns

COVID-19 returned with a new force in Europe after the warm summer months. Countries around the continent have entered new lockdowns in an attempt to curb the virus’ spread. The situation in the U.S. has never been worse with roughly 200 000 cases per day. But unlike...

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Oil Rally Continues, Gold Consolidates

Oil Rally Continues, Gold Consolidates

Oil prices are back at levels not seen since earlier in the pandemic, when the market was contending not just with brutal national lockdowns around the globe but also a price war between two of the world’s largest producers, and now leading allies in the OPEC+ cartel....

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