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 Down 2% Before the Closing Bell

Crude Oil Down 2% Before the Closing Bell

The Baker Hughes oil rigs in the USA rise for second straight week to 793 from 789 the previous week, analyst forecasts was for 785 rigs. The price of crude didn’t react to the news but as we approach the closing bell the price has moved to daily low at [...]

WTI Crude Oil Bull Trend, Watch These Levels

Crude oil bulls remain in control, as there are no signs of the US-Iran tensions deescalating.  In the very short-term, the oil price trend remains bullish above the June 21 low of $56.62, and as long as the price trades above this level there is a risk that WTI crude [...]
Gold Holds The 1,400 Mark

Gold Holds The 1,400 Mark

Gold holds the gains from the recent rally above 1,400 but is trading below the recent high. USD weakness and an escalation in USA – Iran tensions around the Hormuz Straits boosts gold prices. Short covering early this week helped gold to reach 1,439 a level that we haven’t seen [...]
Crude Oil Rises on EIA Report

Crude Oil Rises on EIA Report

Crude oil continues the trip north adding more than 1.24 percent to $59.52 after the Energy Information Administration in its weekly report announced that the crude oil inventories in the U.S. decreased by 12.8 million barrels from the previous week. Yesterday the American Petroleum Institute reported a reduction of 7.55 [...]

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 [...]