Palladium Futures Top $2,200 as US Auto Sales Lift Demand
Palladium futures are continuing their upward trend on Thursday as rising automobile sales in the US are fueling demand for the industrial metal. Investors are…
Commodities
Daily Oil, Gold, Silver Technical Analysis August 13, 2020
Gold closed above $1,900 The bearish pressure on gold prices initially could push the price down below $1,900. However, the bull entered the market and…
WTI Crude Oil Targets a Retest of $43.00 After Rebound
The price of WTI Crude oil on Wednesday extended its mid-week recovery towards $43.00 level after pulling back late on Tuesday. The price of oil…
Gold Price Recovery Halted at 38.20% Fib Level After Plunge
The gold price on Wednesday pulled back off the 38.20% fib level just below $1,950 to trade at around $1,910 after the latest round of…
Wheat Slides Below $5 As USDA Lifts Domestic Output Forecast
Wheat futures are sliding in the middle of the trading week after the US government lifted its forecast for domestic production in the 2020-2021 marketing…
Daily Oil, Gold, Silver Technical Analysis August 12, 2020
Gold holding above $1,900 Gold pushed lower below $2,000 and closed near $1,900. It is a major bearish close and there is bearish follo-through in…
Soybeans Extend Modest Gains on US Export Sales
Soybean futures are extending their modest gains on Tuesday as rising US export sales have eased concerns over record harvests in key markets. Crop prices…
Daily Oil, Gold, Silver Technical Analysis August 11, 2020
Gold bearish correction below $2,000 Gold makes bearish movement below $2,000 support level and currently on the path toward $1,950. It seems this bearish correction…