Home / News / commodities

Category Archives: commodities

Feed Subscription

Gold Price Hits 8-Week High as Trump ‘Shocks’ Nato, UK ‘Threatens’ EU

Gold Price Hits 8-Week High as Trump ‘Shocks’ Nato, UK ‘Threatens’ EU

Gold prices jumped near 8-week highs in wholesale bullion trade Monday as weekend comments from US president-elect Donald Trump about the Nato military alliance caused shock in European capitals, and German politicians rebuked UK threats to slash corporate tax rates if ...

Read More »

Gold Technical Analysis: Probing Resistance Above 1100

Gold Technical Analysis: Probing Resistance Above 1100

By Ilya Spivak, Currency Strategist Talking Points: - Support: 1084.49, 1071.28, 1056.18 - Resistance: 1109.28, 1132.79, 1151.79 Gold continues to tread water in familiarterritory near the $1100/oz figure as prices await a new directional catalyst. Near-term resistance is at 1109.28, ...

Read More »

Crude Oil Technical Analysis: Candle Setup Hints at Bounce

Crude Oil Technical Analysis: Candle Setup Hints at Bounce

By Ilya Spivak, Currency Strategist Talking Points: - Support: 48.22, 45.11, 41.68 - Resistance: 51.34, 53.27, 56.39 Crude oil prices put in a Bullish Engulfing candlestick pattern, hinting a move higher may be brewing ahead. A daily close above 51.34 ...

Read More »

Gold Technical Analysis: Waiting for Directional Catalyst

Gold Technical Analysis: Waiting for Directional Catalyst

By Ilya Spivak, Currency Strategist Talking Points: - Support: 1078.10, 1058.48, 1042.62 - Resistance: 1102.94, 1122.52, 1138.35 Gold continues to tread water in a well-defined range near the $1100/oz figure as prices await a new directional catalyst. Near-term support is ...

Read More »

Crude Oil Technical Analysis: Down Move Pauses to Digest

Crude Oil Technical Analysis: Down Move Pauses to Digest

By Ilya Spivak, Currency Strategist Talking Points: - Support: 48.54, 45.11, 41.68 - Resistance: 50.66, 52.37, 54.08 Crude oil paused to digest losses after prices slid to the lowest level in over six months in yesterday’s session. A daily close ...

Read More »

Gold Technical Analysis: Price Action Still Stuck in Range

Gold Technical Analysis: Price Action Still Stuck in Range

By Ilya Spivak, Currency Strategist Talking Points: - Support: 1078.10, 1058.48, 1042.62 - Resistance: 1102.94, 1122.52, 1138.35 Gold prices remain locked in a well-defined range near the $1100/oz figure as markets mark time until a new directional trigger emerges. A ...

Read More »

Crude Oil Technical Analysis: Sellers Breach 50.00 Figure

Crude Oil Technical Analysis: Sellers Breach 50.00 Figure

By Ilya Spivak, Currency Strategist Talking Points: - Support: 48.54, 45.11, 41.68 - Resistance: 50.66, 52.37, 54.08 Crude oil continues to accelerate downward, with sellers now establishing a threshold below the $50/barrel figure. Near-term support is at 48.54, the 76.4% ...

Read More »

Gold – XAU/USD hesitates to leave 1,100

Gold – XAU/USD hesitates to leave 1,100

"We're still expecting a fourth-quarter lift-off in the Fed funds rate and that's when you'll see the trough in gold or we could potentially see gold take another leg lower." - ANZ Bank (based on CNBC)   Pair's Outlook The ...

Read More »

Commodities Recover As China Assures Stock Market Support

Commodities Recover As China Assures Stock Market Support

By Nathalie Huynh Talking Points: - Copper recovered in line with Chinese stocks - Oil entered bear market, expect modest recovery intraday - Gold steadied coming up to Federal Reserve meeting An 8.5 percent drop in Chinese stocks on Monday ...

Read More »
Scroll To Top