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.

Crude Oil Turns Bearish As Geo Tensions Ease

Crude Oil Turns Bearish As Geo Tensions Ease

Oil prices are trading lower for the third consecutive day as reports that Iran and the US could go back to the negotiations table have removed some risk off the table in the Middle East arena. Crude oil is trading 2.85 percent lower at $55.20 having hit the daily low [...]

Silver Pushing Higher: XAGUSD Testing Key Resistance

Silver is edging higher today and is currently trading at $16.10, having tested the intraday R1 pivot resistance at $16.20. This resistance is a region where XAGUSD had also registered a double top reversal in January and February 2019. Further tests of this resistance area are expected. Price Projections The [...]
Gold Tests 1,400, Next Levels to Watch

Gold Price Tests 1,400, Next Levels to Watch

Gold price is under selling pressure for yet another day and is approaching the critical 1,400 support level. A stronger U.S. dollar helped by a better U.S. retail sales data yesterday contributed to further pressure on Gold. Do you enjoy reading our updates? Become a member today and access all restricted content. It is free to join.

IEA: OPEC Supply Cuts do not Change Fundamental Outlook

IEA: OPEC Supply Cuts do not Change Fundamental Outlook

The International Energy Agency monthly oil market report key points: OPEC Supply Cuts do not Change Fundamental Outlook of an oversupplied market. The Consumption proved weaker than forecasted, and the outlook for 2020 also deteriorating. OPEC may need to reduce oil output to lowest level in 17 years to balance [...]
United States EIA Natural Gas Storage Change came in at 81B

United States EIA Natural Gas Storage Change came in at 81B

United States EIA Natural Gas Storage Change came in at 81B, beating forecasts of 73B in July 5. Oil prices are trading higher for one more day amid increasing geopolitical tensions. The American Petroleum Institute reported a crude inventory draw of 8.129 million barrels for the week ending July 4th, [...]