WTI Crude Oil Pulls Off $59.00 in a Consolidative Pattern Formation
The price of the WTI crude oil appears to be struggling for recovery following last week’s plunge. It failed to surge above $59.00 on Friday…
Commodities
Gold Bulls Battle to Keep Prices Above $1,560 After Last Week’s Plunge
The gold price appears to be trading in a consolidative sideways channel amid a strong battle between the bulls and the bears. The price of…
Commodity stock under pressure: Alcoa Corp (NYSE: AA)
Alcoa Corp (NYSE: AA) stock fell over 10.3% in the last one week (Source: Finviz) after the company posted lower than expected results for the…
Daily Oil, Gold, Silver Technical Analysis January 17, 2020
Gold stick near $1,550 Gold maintained the level near $1,550 but no major bullish bounce happen yet. The precious metal might stick near the level…
WTI Crude Oil Price Analysis for January 17, 2020
WTI crude oil recently broke above the top of its descending channel on the 1-hour time frame to signal that a reversal from the downtrend…
Natural Gas (NATGAS/USD) Price Technical Analysis for January 17, 2020
Natural gas is trending lower inside a descending channel on its 4-hour chart but could be due for a countertrend bounce off support. In that…
Daily Oil, Gold, Silver Technical Analysis January 16, 2020
Gold set to bounce from $1,550 The price of gold climbed above $1,550 and secure a close above it. The precious metal makes a bearish…
WTI Crude Oil Price Analysis for January 16, 2020
WTI crude oil is trending lower inside a short-term descending channel and is currently testing resistance. Technical indicators are showing that the selloff is more…