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 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 [...]
Gold Trapped Between 50 and 200 Hour MA

Gold Trapped Between 50 and 200 Hour MA

Gold is trading higher after a volatile session which started lower and stopped at the 200 hour moving average at 1,332, but started to rebound during European session and hit the daily high at 1,343.35 at the 50 hour moving average. The precious metal looks trapped between the hourly moving [...]
Gold Gain Momentum Amid Global Trade Worries

Gold Gain Momentum Amid Global Trade Worries

Gold started the day higher today after yesterday’s correction at $1,330. The precious metal, trades at 1,336 hitting the low at 1332.21 and the daily high at 1,338.25. Investors focus turn back to safe heaven assets as global trade worries are back on the table. The possibility of a rate [...]
Crude Oil: Yes, the Relief Rally is Over!

Crude Oil: Yes, the Relief Rally is Over!

Crude oil continues lower today for third day in a row, giving up over two dollars to 51,07 The selloff intensifies as we are approaching the closing bell. The Energy Information Administration announced earlier that the commercial crude oil inventories in the U.S. increased by 2.2 million barrels for the [...]
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 […]