Commodity News

Gold: A broke of the $1750 level would confirm the bullish trend
Gold: A broke of the $1750 level would confirm the bullish trend
$1750 remains a critical level for the bulls in the short-term as the XAU/USD pair bounced off the 200 and 55-day moving averages to push higher, Rajan Dhall fr...
Commodity News 15 minutes ago
Gold trades with modest losses around $1735 level, downside seems limited
Gold trades with modest losses around $1735 level, downside seems limited
Gold edged lower on Tuesday amid a modest intraday bounce in the greenback. Concerns about worsening US-China relations extended some support to the metal....
Commodity News 16 minutes ago
Gold Price Analysis: XAU/USD upside running out of steam above $1,730
Gold Price Analysis: XAU/USD upside running out of steam above $1,730
Gold prices recede from an intraday high of $1,743.32, snaps three-day winning streak. US dollar pullback weighs on the commodity basket. Riots in the US...
Commodity News 2 hours ago
Gold Futures: Correction looks on the cards
Gold Futures: Correction looks on the cards
Open interest in gold futures markets shrunk for yet another session at the beginning of the week, this time by around 5.2K contracts according to preliminary f...
Commodity News 2 hours ago
Crude Oil Futures: Upside seen losing momentum
Crude Oil Futures: Upside seen losing momentum
CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by nearly 13.5K contracts on Monday. In the same li...
Commodity News 2 hours ago
WTI Price Analysis: Bulls look for entry beyond 50% Fibonacci retracement
WTI Price Analysis: Bulls look for entry beyond 50% Fibonacci retracement
WTI prints mild gains below the intraday high of $35.98. Sustained trading beyond 100-day EMA keeps the buyers hopeful. The March 11 top acts as immediat...
Commodity News 2 hours ago
USD/CAD looks to 1.4000 in three months’ time – Goldman Sachs
USD/CAD looks to 1.4000 in three months’ time – Goldman Sachs
Analysts at Goldman Sachs revised their down their outlook for USD/CAD in a three-month horizon while upped for the 12-month period. Key quotes “USD/CAD’s 3-m...
Commodity News 4 hours ago
WTI snaps three-day winning streak, under $36.00, ahead of API data
WTI snaps three-day winning streak, under $36.00, ahead of API data
WTI remains pressured after stepping back from $35.90. Fresh risks from the US question the energy benchmark’s recent strength. US President Trump threat...
Commodity News 6 hours ago
Gold Price Analysis: XAU/USD bulls cheer immediate rising channel, aim for $1,753
Gold Price Analysis: XAU/USD bulls cheer immediate rising channel, aim for $1,753
Gold prices print four-day winning streak to probe $1,740. A four-day-old ascending trend channel formation and sustained trading above 200-HMA keeps buyer...
Commodity News 8 hours ago
Gold struggles to hold above $1,740, looks to post modest daily gains
Gold struggles to hold above $1,740, looks to post modest daily gains
XAU/USD remains on track to close the day in the positive territory. The risk-on market environment limits gold's upside on Monday. USD starts the new we...
Commodity News 14 hours ago
Oil Price Analysis: WTI trading near session’s lows around $34.80 a barrel
Oil Price Analysis: WTI trading near session’s lows around $34.80 a barrel
WTI is trading off the June s’ highs near $34.80 per barrel. Strong resistance is limiting WTI advances near the 36.00 level.   WTI four-hour c...
Commodity News 16 hours ago
Gold Price Analysis: Dip-buying should help limit any meaningful slide
Gold Price Analysis: Dip-buying should help limit any meaningful slide
Gold struggled to capitalize on its early uptick to over one-week tops. The pullback might still be seen a buying opportunity near $1720 level. Gold ext...
Commodity News 18 hours ago
Gold surrenders early gains to over 1-week tops, back near $1735 area
Gold surrenders early gains to over 1-week tops, back near $1735 area
Widespread riots in the US, sustained USD selling assisted gold to gain some traction on Monday. The recent optimism over a COVID-19 vaccine and global eco...
Commodity News 20 hours ago
WTI consolidates around $35.50 amid OPEC+ output cuts extension hopes
WTI consolidates around $35.50 amid OPEC+ output cuts extension hopes
WTI off 3-month highs, but buoyed by output cuts extension talks. Renewed US-China trade war fear saps energy out of the bulls. All eyes on the risk tr...
Commodity News 22 hours ago
Gold Futures: Upside running out of steam
Gold Futures: Upside running out of steam
Open interest in gold futures markets shrunk for yet another session on Friday, this time by around 23K contracts according to advanced data from CME Group. In...
Commodity News 1 days ago
Crude Oil Futures: Room for extra upside
Crude Oil Futures: Room for extra upside
In light of preliminary readings for crude oil futures markets from CME Group, traders added nearly 16.3K contracts to their open interest positions on Friday....
Commodity News 1 days ago
USD/CNH seen higher at 7.25 over the next three months – Goldman Sachs
USD/CNH seen higher at 7.25 over the next three months – Goldman Sachs
Analysts at Goldman Sachs predict Yuan to fall further below 7.00 against the US dollar over the three-months, as US-China tensions are not seen subsiding soon....
Commodity News 1 days ago
Gold Price Analysis: XAU/USD teasing a rectangle breakout, $1750 in sight
Gold Price Analysis: XAU/USD teasing a rectangle breakout, $1750 in sight
Gold bulls gathering pace for the next push higher. Dollar weakness amid easing US-China tensions, US riot offer support. Bullish technical set up sugg...
Commodity News 1 days ago
WTI Price Analysis: Overbought RSI challenges the bulls above $35.50
WTI Price Analysis: Overbought RSI challenges the bulls above $35.50
WTI seesaws around 7-week-old resistance line, retreats from highest since March 11. A short-term ascending trend line on the bears’ radars during the pull...
Commodity News 1 days ago
WTI retreats from 12-week high as OPEC+ news confront Sino-American tension
WTI retreats from 12-week high as OPEC+ news confront Sino-American tension
WTI steps back from 13-week top of $36.04 flashed early in Asia. OPEC+ to pre-pone meeting, calls for 1-2 month extension to current output cuts are on the...
Commodity News 1 days ago
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