Commodity Trading Analysis

NATGAS Nears $3 Offering a Decent Bid to Join Bulls

FxNews—The U.S. Natural gas dipped from $3.47. However, the selling pressure eased after the commodity neared the $3.0 critical support. The immediate support is at...

Crude Oil Trades Sideways Below $69.6 Key Resistance

FxNews—Crude Oil prices declined from the 38.2% Fibonacci resistance level, a robust area that has kept the market bearish since November 24. In today's...

Gold Drops Below 100-SMA Signaling Further Decline

FxNews—Gold shifted below the 100-period simple moving average after it failed to surpass the October 23 low at $2,710,...

Gold Fills Bearish Fair Value Gap Amid Market Uncertainty

FxNews—Gold prices began a consolidation phase from $2,600 (23.6% Fibonacci support level), trying to stabilize itself above the 100-period...

Gas Prices Fall to $1.96 After Inventory Surge

Gasoline prices in the United States have decreased to $1.94 per gallon, marking their lowest point over a week....

NATGAS Tests Key Support at $3.02 Amid Bearish Signals

FxNews—NATGAS declined from $3.47 on an RSI divergence signal and overbought singles. As of this writing, the commodity trades...

Watch Crude Oil as Bears Eye $68.3 Breakdown

FxNews—Crude Oil is in a bear market, below the 50- and 100-period simple moving averages. The prices have been...

Silver Prices Eye $29.7 as Downtrend Holds Firm

FxNews—Silver is in a downtrend, below the 100-period simple moving average and inside the bearish flag. However, recent selling...