Commodities

crude oil

Crude oil analysis points to bullish turnaround

Crude oil experienced a significant drop in price over the past two weeks. This week, however, it appears the energy commodity is bouncing back to the bullish side. The fall in the price of oil since May was triggered by...
Australian dollar

Economic view of the Australian dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit. Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government...
price of Silver nt

Weekly and daily technical analysis for the price of silver

Why was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next? And where could it potentially move next? After taking out last year’s...
AUDCAD

AUDCAD; battle of the commodity currencies

The AUDCAD pair has had an interesting year so far, with plenty of volatility. A bearish January was followed by a 600 pip rise during February and March. Then, in April, a 400 pip sell off completely reversed the trend....
Gold technical analysis shows possible upside

Gold technical analysis shows possible upside

Not too long ago we saw XAUUSD break strongly below a bullish trendline on the daily chart. Since then, we've seen some consolidation. Could this have been a fake out to shake long holders out of their positions? The last...
crude oil

WTI and Brent crude oil break out of swing zone

In case you forgot, crude oil prices are still at astronomical prices. As of writing, WTI futures are trading at $114 per barrel, while Brent crude futures are trading at $117 per barrel. Over Thursday trading, both assets loaded more...
coffee futures nt

What’s brewing with coffee futures?

Like most commodities, London coffee futures saw a massive price uptrend in 2021. However, since the beginning of 2022, it's finally cooled off to an eight and half month low. As a silver lining, perhaps more interesting price action is...
Will gold traders respect the price trendline?

Will gold traders respect the price trendline?

After making its yearly high back in early March, we’ve seen Gold make a few strong impulses down on the daily and weekly chart. While the last three weeks have shown strong bearishness, the most recent weekly candle from May...
wheat ban

Bans approaching for wheat and oil exports?

India is mulling the idea of restricting the export of its locally grown wheat. Such a move would likely upset the global supply chain of wheat, adding to the list of events that have impacted the market for this cash...
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