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Commodities: all news & analysis

Explore our extensive commodities news, which unveils critical insights into price movements, trends, and expert forecasts in the raw materials market. By examining price actions and understanding the factors influencing commodity values, understand current market dynamics. This page is designed to boost your research on historical trends, identify seasonal patterns, and sharpen your trading strategies across sectors such as energy, metals, and agriculture. Equip yourself with the knowledge necessary to enhance your understanding of the commodities landscape and elevate your trading decisions.

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USD/CAD - Technical Analysis Forecast
Canada CPI and BOC Overnight Rate schedule Technical Analysis for Monthly, Daily, and 4-hour charts The Canadian Dollar opened 2024 with a decline against the US Dollar, the Forex pair USD/CAD rose from 1.3180 in late December 2023 to its current average price of 1.3380 and has been trading near this level for a few days. The pair held steady throughout the US CPI data release as well as the recent upside move in oil prices.
12-01-2024 08:12 GMT by Moheb Hanna
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US Crude Oil - Price Action Technical Analysis
Talking Points US Crude Oil falls after Saudi Arabia cuts prices Technical Analysis Weekly Chart Technical Analysis 8-Hour Chart Crude Oil prices ended 2023 with 3 months of consecutive declines, prices fell from a peak of $95 in September 2023 down to $70.75 today, a drop of almost 25% in price, shrugging off all the extra premiums resulting from the current political risks, and taking the markets back closer to its standard supply and demand dynamics.
09-01-2024 01:03 GMT by Moheb Hanna
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Gold: Deterioration in the US 10-year Treasury yield may support a bullish tone
An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to trade back above its 20-day moving average. This is a follow-up analysis of our prior report, “Gold Technical: Extension of corrective decline ahead of FOMC” pub
18-12-2023 00:39 GMT by Kelvin Wong
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WTI Oil Technical: Medium-term downside momentum has eased
Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy retail sales and industrial production for November managed to offset downbeat housing data that provided a short-term tailwind for oil prices. The medium-term downtrend phase of West Texas Oil (a proxy of WTI crude oil futures) in place since the 28 Septemb
15-12-2023 01:08 GMT by Kelvin Wong
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Gold Technical: Extension of corrective decline ahead of FOMC
Lofty dovish expectations of 4 Fed funds rate cut in 2024 are at risk of being dialed back. Short-term bullish momentum has resurfaced in the US 10-year Treasury real yield. Spot Gold (XAU/USD) may continue its short-term corrective decline sequence. Watch the key short-term resistance at US$2,040 on Spot Gold (XAU/USD). This is a follow-up analysis of our prior report, “Gold Technical: Medium-term uptrend remains intact but risk of minor pull-back” published on 4 December 2023. Click here for
10-12-2023 23:37 GMT by Kelvin Wong
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Gold - Testing $2,000 after a surprisingly strong jobs report
NFP in November 199,000 (184,000 expected, 150,000 in October) Average hourly earnings in November 0.4% (m/m) (0.3% expected, 0.2% in October) Gold testing $2,000 support There's been a lot of talk this week about whether investors have become too optimistic about interest rate cuts next year and today's jobs report may have brought some crashing back down to earth. Don't get me wrong, it's not a terrible report by any stretch of the imagination. But it may well convince the Fed that it must pr
08-12-2023 16:48 GMT by Craig Erlam
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What's Next for Gold Price - XAU/USD Technical Analysis
Talking Points: Why did gold prices decline sharply? Daily Chart Analysis 4-Hour Chart Analysis What's next for Gold Prices? Why did gold prices decline sharply? Gold Price fell significantly last week after reaching an all-time high of $2150/Oz, the price fell to $2020/Oz within a day which left many traders stunned and unable to comprehend what has happened, and the more difficult question remains unanswered, what's next for Gold Prices? Over the past few weeks/months, inflation has been
07-12-2023 06:47 GMT by Moheb Hanna
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Gold Technical: Medium-term uptrend remains intact but risk of minor pull-back
Today’s early Asian session's swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role may gain traction as global recession risk resurfaces. Medium-term uptrend phase remains intact but may shape a minor pull-back below US$2,152 key short-term pivotal resistance with immediate supports at US$2,032/2,018. This is a follow-up analysis of our prior report, “Gol
04-12-2023 00:59 GMT by Kelvin Wong
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Brent Crude - Oil volatile near lows after OPEC+ "deal"
OPEC+ unofficially agree to 2.2 million barrel per day cut Full compliance with cuts already looks unlikely Brent continues to consolidate near recent lows Oil prices remain quite volatile but more importantly, not too far from their recent lows after traders judged yesterday's announcement from OPEC+ with some skepticism.
01-12-2023 17:16 GMT by Craig Erlam
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WTI Oil Technical: Positive elements intact ex-post OPEC+
Earlier rally in WTI crude oil fizzled out ex-post OPEC+ meeting due to uncertainty over 2024 oil supply cut commitments from members. The strongest commitment came from Saudi Arabia where it will extend its its voluntary 1 million barrels per day supply through Q1 2024 while Angola has decided to go against its newly reduced supply target. Technical analysis suggests several positive elements in WTI crude oil despite the uncertainty over the demand and supply dynamics of the oil market. Watch t
01-12-2023 00:55 GMT by Kelvin Wong
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