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Oil, Metals, Soft Commodities
Crude Oil analysis – WTI drops 3% to fills the gap on inventory build and dwindling supply disruption fears
WTI Crude oil got off to a flyer on Monday open as news broke of conflict in the Middle East saw a hefty risk premium being priced in fueled by fears of supply disruptions. It seems some of those fears have abated and along with a massive crude inventory build of almost 13mm barrels reported by API on Wednesday, a classic gap fill chart pattern has...
October 12, 2023Read More >WTI Crude Oil hits 10-month high, but there are some technical challenges ahead.
The WTI Crude Oil market is in an interesting spot on the charts, hitting a 10-month high in Wednesday's session. This strong performance comes after repeatedly testing and holding the $66-67 support level, resulting in an impressive climb of over 30% since the beginning of July. Having broken through a significant resistance level around $8...
September 14, 2023Read More >Crude Realities: The extent of OPEC’s influence on financial markets
OPEC stands for the Organization of the Petroleum Exporting Countries. Founded in 1960, OPEC's main objective is to coordinate and unify the petroleum policies of its member countries to secure fair and stable prices for petroleum producers. This article briefly outlines who this organisation is and their significant influence on the pricing o...
August 14, 2023Read More >Gold eases heading into FOMC
After a fortnight of trending north, Gold has fallen over the past 5 days. It is currently trading at around $1960, showing a slight decline of approximately 1.35% from its recent high of $1987.53. Price is currently trying to break out of the downward channel that it has been in since late last week, so something to keep an eye on going into th...
July 26, 2023Read More >Crude Oil Trading with CFD’s – how to speculate on black gold
Crude Oil has always been one of the most popular and highly traded markets for CFD traders whether it is WTI or Brent, especially recently as geopolitical and economic forces have seen its price fluctuate from extreme lows to extreme highs. It’s easy to see why, Oil is a bellwether for the health of the global market, oil greases the wheels of g...
May 9, 2023Read More >Market Analysis 8-12 May 2023
XAUUSD Analysis 8 – 12 May 2023 The gold price outlook is positive in the medium term. Although last week's closing of the buying pressure bar would indicate a loss of buying momentum due to the weekly selloff. But the price is still moving above the 2000 support, it is very likely that the price will continue to move above the 2000 level ...
May 9, 2023Read More >How to Trade Gold CFDs – Fundamental and Technical strategies
Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history, and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up o...
April 26, 2023Read More >Market Analysis 24-28 April 2023
XAUUSD Analysis 24 – 28 April 2023 The gold price outlook is positive in the medium term. Although the close of last week's sell pressure bar indicates a loss of buying momentum. But the price is still above the 1960 support or the last high of the price in the Weekly time frame, which is very likely that the price will continue to swing o...
April 26, 2023Read More >Gold technical and fundamental analysis – How to trade it’s recent price action
Gold has been one of the most popular and highly traded markets recently as price action in the precious metal has really come alive, rate hikes, the war in Ukraine and Bank Crises have all played a part in the fundamental reasons for gold price movements in the last 12 months. Let’s take a look at the chart to see these fundamental effects and h...
April 20, 2023Read More >Market Analysis 17-21 April 2023 – TH
XAUUSD Analysis 17 – 21 April 2023 The gold price outlook is positive in the medium term. As last week's closing of the buying bar was above the 1960 support or the latest high in price on the Weekly timeframe, it indicates the continued buying momentum that will allow the price of gold to continue. It can rise further to test the 2070...
April 18, 2023Read More >Market Analysis 3-7 April 2023
XAUUSD Analysis 3 – 7 April 2023 The gold price trend can be viewed both positively and negatively in the short and medium term. As the closing of the Doji bar and last week's sell pressure bar indicate market hesitation. Although the previous week, gold has had strong buying momentum and has continued since the beginning of March. But ...
April 4, 2023Read More >Gold at the $2000 level
Gold had been trading strongly to the upside since the beginning of March, rising from the 1810 price area to reach the 2000 price area which was last tested in April 2022. However, after reaching the resistance area, Gold retraced lower to test the 1937.50 support area which coincides with the 38.2% Fibonacci retracement level and the bullish tren...
March 27, 2023Read More >Market Analysis 27-31 March 2023
XAUUSD Analysis 27 – 31 March 2023 The gold price trend can be viewed both positively and negatively in the short and medium term. As the close of last week's Doji bar indicates hesitation in the market. Although the previous three weeks, gold has had strong and consistent buying momentum since the beginning of March. But even so, the g...
March 27, 2023Read More >Gold Reverses from 1960 following strong US NFP data
Gold had been on a steady rally to the upside with the price climbing along the bullish trendline from the 1620 price level in November 2022 to reach a high of 1960 in February 2023. This move higher was driven by general market anticipation that the US Federal Reserve would pivot on its current monetary policy, slowing down or pausing future inter...
February 6, 2023Read More >Natural Gas price continues to tumble, but the bottom may be near
The price of Natural Gas has continued its drive back down after peaking in the middle of last year. The price has had an aggressive sell off after an equally aggressive run during the initial stages of the Russian and Ukraine conflict. This was due to Russian gas exports being banned and elevated inflation levels. However, as the conflict has subs...
January 19, 2023Read More >
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