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 Finds Support at the 200 Hour MA and Rebounds

Gold Finds Support at the 200 Hour MA and Rebounds

Gold manages to close higher today after a volatile session at $1,328. The precious metal, spend the first half of the day in negative territory hitting the low at 1319.81 a fresh one-week lows. Investors were dumping safe heaven asset as the sentiment improves across global markets. The U.S. Bureau [...]
Crude oil: Is relief Rally Over?

Crude oil: Is Relief Rally Over?

Crude oil trades lower today giving up about one dollar to 53,57 as the price retreats for recent high. The recent positive developments in the USA – Mexico conflict boosted a relief rally to oil benchmarks around the globe.  The outlook for the crude oil market has darkened as IEA [...]
Crude oil: A Deep Breath for Bulls

Crude Oil: A Deep Breath for Bulls

Crude oil trades close to daily high at 54 adding over two dollars as the sharp selloff which started in mid May send prices back to January 2019. Black gold will register the first positive week after three consecutive weeks with loses. The recent US-China trade war escalation and threats [...]
Gold Retreats from Recent High

Gold Retreats from Recent High

Gold is trading in narrow trading range today between 1,330 and 1,334 as investor expectations that the Fed will eventually cut interest rates in the face of escalating US-China trade war, grow. FED Chairman Powell earlier this week commented that the Fed is willing to take any action in the [...]
Crude oil Bearish Momentum Persists

Crude Oil Bearish Momentum Persists

Crude oil finished lower for one more day down to 51.73 losing $1.23 (-2.30%) a level that we haven’t seen since January 8th 2019. The recent US-China trade war escalation and threats that USA will impose tariffs to all Mexican imports pressing oil benchmarks around the globe.  This week API [...]
Gold hits 3 month high

Gold Hits 3 Month High

Gold hits 3 month high as investor expectations that the Fed will eventually cut interest rates in the face of escalating US-China trade war, grow. FED Chairman Powell commented that the Fed is willing to take any action in the event of a slowdown. The bond market is indicating two […]

Corn Prices Rising Sharply After Breaking Key Resistance Level

Corn planting increased from the previous week by 19 percentage points to 49 percent complete, the lowest rate in records since 1980 for this time of year. The delays in crop planting have been fuelling bullish sentiment on the corn markets – leading to the latest breakout of the key multi-month resistance level at 390.00. As the following daily Corn chart demonstrates – the price has been rising sharply in the last few trading weeks inside the [...]