Commodities

Read the latest Gold and Crude oil news by our experienced commodity traders and market strategists. We cover key markets such as Gold prices, Brent Crude Oil, West Texas Intermediate Crude oil, but also Copper, Palladium, and Platinum prices amongst others.  We aim to provide relevant commodity market news, insights on price drivers, and the key technical levels that traders are watching to make better-informed trades.

Gold Prices Might Form Next Bull Leg From $1405

Gold prices continue their ascent, and I suspect the trend will remain bullish as long as the price trades above $1376. Already in early 2018, I mentioned the possibility of a strong bullish trend in gold prices on a break to the 2016 highs of $1375. However, with the Federal [...]
Gold: Bulls Looking for a Break Above 1,411

Gold: Bulls Looking for a Break Above 1,411

Gold holds the gains from the recent rally above 1,400. USD weakness and an escalation in USA – Iran tensions around the Hormuz Straits boosts gold prices. Short covering on Friday also helped gold to reach 1,411 a level that we haven’t seen since 2013. FED dovish minutes opened the [...]
Crude oil settles 10% higher for the week

Crude oil scores 10% weekly gain

Crude oil continues the trip north adding more than 0.60 percent to $57.52 as the dollar denominated assets buying frenzy continues. Central bank easing both from RBA, ECB and FED, along with an escalation in USA – Iran tension leads to stronger demand for crude oil. A report that President [...]
Gold: Nervous Trading Around 1,400

Gold: Nervous Trading Around 1,400

Gold continues the impressive rally making fresh five year high at 1,411. USD weakness and an escalation in USA – Iran tensions around the Hormuz Straits boosts gold.  Short covering also helped for the gold to reach 1,411 a level that we haven’t seen since 2013. FED dovish minutes opened [...]
What will Drive FX Markets Today

What will Drive FX Markets Today

There are not any major events today in our calendar, earlier in Japan the IHS Markit Flash Manufacturing Purchasing Managers’ Index came in to 49.5 in June, from 49.8 in May worst than analyst’s expectations. An emergency meeting has been called for the morning with Japan’s Finance Ministry, the Financial [...]
Crude oil Extend Gains Above $57

Crude oil Extend Gains Above $57

Crude oil continues the trip north adding more than $2 to $57.10 as the dollar denominated assets buying frenzy continues. Central bank easing from RBA, ECB and FED, along with an improved sentiment on US-China trade war, and an escalation in USA – Iran tension leads to stronger demand for [...]
European session, Overbought Levels

European session, Overbought Levels

USD weakness pushed many assets to overbought levels. Investors dump US dollar and buying dollar denominated instruments across the globe. 10year US Treasury yields hit the lowest level since 2017 as investors’ expectations for a Fed rate cut in July have increased. Here is a list of the instruments that [...]
Gold Hits 6 Year High

Gold Hits 6 Year High

Gold registers an impressive rally after it broke above the 1,357 yearly higher as bids were throwing like there is no tomorrow for the yellow metal. Short covering also helped for the gold to reach 1,394 a level that we haven’t seen since 2013. USD weakness is the catalyst for [...]
Gold Retreats, Bullish Momentum Holds

Gold Retreats, Bullish Momentum Holds

Gold is trading lower today and as of writing is testing the 100 hour moving average after a volatile session which started higher and rejected at the 20 hour moving average at 1,347. The precious metal looks trapped between the hourly moving averages in 10 dollars trading range as investors [...]
Crude Oil Jumps More than 4%

Crude Oil Jumps More than 4%

Crude oil breaks higher today adding more than $2 to $54.10 in the best day for crude oil since January. Traders expectation is that a combination of Central bank easing both from Fed and ECB, along with a better sentiment on the US-China trade war leads to stronger demand for [...]