Professional
Open account Try free demo
Call: +357 25023910 Mail: [email protected]
Login Open CFD account
Login Open CFD account
Professional
Login Open CFD account

Oil, Metals, Soft Commodities

Try free demo Open account

Oil, Metals, Soft Commodities

Try free demo Open account
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, 2023
Read 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, 2023
Read More >
US equities whipsaw on CPI, S&P downgrade – Oil and BTC at critical levels

We had roller coaster of a ride on US markets in Tuesdays session, US markets initially moved higher on a CPI figure that came in line with expectations taking a little bit of pressure off the fed and no more news of banks going bust. The punchbowl was taken away later in the session though as news of a US drone and Russian jet colliding paired ...

March 15, 2023
Read 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, 2023
Read 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, 2023
Read More >
Gold rises to 6 months high as USD weakens

Gold rises to 6 months high as USD weakens   The price of gold has risen as softer inflationary figures pushed the USD lower. The month/month CPI grew just 0.1% vs 0.3% expected, whilst the year/year figure grew by 7.1% vs 7.3% expected. Core CPI month/month rose by 0.2% vs 0.3%. These figures sent the USD down, which provided a boost to m...

December 14, 2022
Read More >
Is the price of Brent finally finding some support?

Brent oil has been dumping over the last few weeks as country’s have put pressure on Russian oil by imposing a price cap. This has sent the spot price down to its lowest level in 12 months. With important economic data to come in the next few days in including updated Cash rates from Central banks in Europe, the UK, and the USA. Furthermore, the ...

December 13, 2022
Read More >
Oil continues to fall amid news of price cap

The primary reason for the drop in price is the economic slowdown that has become prevalent in the global market. As fears of a recession continue to grow, the price of Oil has continued to drop. To make matters worse, the G7 have set a $60 per barrel price cap. This price cap was created to restrict Russia’s ability generate revenue from its oil...

December 8, 2022
Read More >
Natural Gas getting ready to test important level

Natural Gas prices have had a volatile year to say the least. After finding multi decade highs on the back of geo-political volatility and record high inflation levels the price has seen an aggressive retracement. With the overall commodities market suffering a big drop as recessionary pressures have taken over and a resilient USD, Natural gas has ...

September 30, 2022
Read More >
Gold Testing Major Support Level

For the last 2 years, Gold has been bouncing in a range between $1700 and $2070 and is currently testing the major support level around $1700 as seen below. The price has used the yellow highlighted as an area for support zone and a rejection zone. Over the last 2 years clear rejections have occurred every time the price has reached around $...

September 16, 2022
Read More >
Natural Gas – technical analysis

The United States used 30.28 trillion cubic feet of natural gas in 2021, making them the world’s largest consumer of natural gas. Natural gas consumption in the United States has two seasonal peaks, largely reflecting weather-related fluctuations in energy demand. One of the biggest consumptions of gas is industrial, residential and commercial co...

September 8, 2022
Read More >
Oil Price tumbles to 7 month lows as recession fears grow

Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from  October.   In recent months with the Russian and...

September 8, 2022
Read More >
Oil Price tumbles to 7 month lows as recession fears grow

Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from  October.   In recent months with the Russian and...

September 8, 2022
Read More >
Brent testing critical level again

  Brent Crude oil much like many other commodities has seen its value drop on the back of a strong US dollar and weaker demand forecasts. With the tail wind of the Russia and Ukraine crisis fading, Brent has struggled to maintain its highs of $125 a barrel in the last few months. In addition, the price has dropped to the point where it is r...

September 2, 2022
Read More >
Will gold hold its support or will the USD push it below $1660

Will gold hold its support or will the USD push it below $1660 Gold has dumped again after recession fears and a strong US dollar continue to grip the market. With Gold priced in US dollars it means that when the USD is strong the price of gold and other commodities is reduced. In recent days, following on from Jackson Hole the price has slum...

September 1, 2022
Read More >