Commodities

Copper Price Hits 10-Year Highs as Demand Pressures Push Price Above $4/Pound

Copper prices have hit a 10-year high, after concerns that supplies will tighten further when the world recovers from the…

Feb 22, 2021, 19:19 GMT

Silver Price Outlook: Pathway Towards $28 Looks Clearer Ahead of Powell’s Testimony

Spot silver prices (XAG/USD) is trading higher on the day but continues to remain within a defined range, even as…

Feb 22, 2021, 16:00 GMT

Crude Oil Price Rejected at $61 Looks for Support At the Start of the Trading Week

The crude oil price corrects from the highs as it was rejected in its attempt to consolidate above the $60…

Feb 22, 2021, 09:33 GMT

Gold Price Shows Signs of Life as Indicated by Huge RSI Divergence

Gold price looks to have formed a temporary bottom. It made a new lower low last week and then bounced…

Feb 22, 2021, 08:36 GMT

Silver Price Could Retest $30 Based on the Ascending Channel

Silver price is in a tight range as investors start pricing in the upcoming stimulus package from the United States.…

Feb 19, 2021, 09:31 GMT

Gold Price: Make or Break as It Posted a New Lower Low

Gold price had a hard time lately, despite the dollar declining all over the dashboard. The Australian dollar, the Euro,…

Feb 19, 2021, 08:04 GMT

Gold Price Outlook: XAU/USD Threatening to Push Below $1763

Gold prices on the XAU/USD chart came under severe pressure this Thursday, as bond yields resumed the upside trajectory following…

Feb 18, 2021, 18:11 GMT

Crude Oil Price: Sharp Drop in Inventories Keeps Price Above $64

Crude oil prices on the Brent and WTI benchmarks are on the retreat this Thursday as the markets take a…

Feb 18, 2021, 17:04 GMT

Crude Oil Price Dynamic Resistance An Obstacle to Further Advances

Crude oil price has finally reached dynamic resistance given by the neckline of an inversed head and shoulders pattern. The…

Feb 18, 2021, 08:16 GMT

Copper Price Retreats on Profit-Taking, But $4/Pound Remains A Valid Target

Copper prices are trading lower this Wednesday, as investors capitalize on the rising US Dollar (the counter asset in the…

Feb 17, 2021, 14:19 GMT