Commodities Technical Analysis

goldGold yesterday neared the key support around 814 where it is now testing the breached support level for the minor ascending channel at 828.80. Momentum indicators show the metal near an overbought...

As long as trading remains below the 61.8% correction at 41.00, the way has opened now for crude to reach the 76.4% correction at 38.80 and perhaps extend losses further to the downside. Our next ...

After the decline witnessed the past two days, crude is not getting ready to rebound to the upside but despite that, the price is still in a downside channel on the short term but due to the rebound ...

goldThe metal delayed breaching the 835.40 level where at the same time the downside classical technical pattern has weakened and from here we advise to trade cautiously since we see the chance for ...

Just as we expected, crude fell sharply since most of the trading was below the 47.90 level where we also expect the price to continue falling today. However, this doesn't mean that we will not see ...

goldThis is the sideways trading we have pointed out to earlier! The metal is trading between the 61.8% correction at 835.40 as seen in the picture above and the key resistance for the medium term ...

After reversing from the minor resistance level at 50.15 and before reaching the suggested taret near the 50 day MA at 51.45, crude entered a downside wave that is expected to continue falling to ...

goldYesterday we pointed out that after the fall, we expect to see volatility in the markets. After yesterday's decline, the metal rebounded back to the upside before slightly dropping today during ...

goldThe downside trend for today is expected to continue but beware of fluctuations in the market after this fall where it could prolong for the next two days. However, gold is still in an ascending ...