Commodity Trading Analysis
Silver Drops to $29 as Fed Slows Rate Cuts
Silver prices dipped below the $29.7 support, marking a three-month low. This decline was influenced by expectations of a more aggressive Federal Reserve and...
Gold Consolidates Amid Fed Signals Fewer Rate Cuts
Gold's downtrend eased after prices declined to $2,585, which caused the RSI 14 to become oversold territory. Consequently, prices bounced from weekly lows and...
Rising LNG Demand Boosts NATGAS Prices to $3.4
The US natural gas prices climbed to $3.43, nearing the 2024 all-time high, amid overbought signals from Stochastic Oscillator.
This...
Crude Oil Slips Below $70 After Fed Decision
WTI crude oil dropped below $70.4, losing the gains it had made the day before. This happened because the...
Silver Downtrend Resumed: Targeting $30
Silver flipped below $30.3 immediate support, targetting $29.7, the November 28 low. The trend outlook remains bearish as long...
Gold Dipped Below $2667 Awaiting Direction
Gold traded sideways after it dipped below $2,667 and the 75-SMA. Meanwhile, Stochastic is oversold, hinting at a possible...
Gas Prices Dip Under $1.99 Amid Bearish Signs
Gasoline prices dropped below $1.99, which is active resistance. The Awesome Oscillator bars are red, below the signal line,...
Natural Gas Rebound Targets $3.24 and Beyond
U.S. natural gas bounced from $3.1, hinted by Stochastic's overbought signal. If prices hold above $3.1, the next bullish...