Thursday, November 21, 2024
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Commodity Trading Analysis

Gold Surges Above $2650 as Russia-Ukraine War Escalates

Gold prices exceeded the 38.2% Fibonacci level, trading at approximately $2,650, and are nearing the 50% Fibonacci level. This increase was driven by investors...

Gas Prices Near Year High as Cold Snap Threatens Europe

Prices for European natural gas futures approached €47 per megawatt-hour, reaching a peak not seen since November 2023. This increase comes as people prepare...
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U.S. Gasoline Futures Hit Two-Week High at $2.05

Gasoline futures in the U.S. peaked at $2.05 per gallon, marking the highest price in two weeks. The market...

Silver Rally Halts at $31.4 Amid Solar Panel Surplus

FxNews—Silver prices eased to $30 per ounce as the Stochastic overbought signaled promised when the prices neared the October...

Oil Prices Stable $69 as Geopolitical Risks Soar

FxNews—WTI crude oil futures remained above the $66.8 critical resistance as the RSI divergence signal promised a rise in...

WTI Crude Dips to $68.5 as Norway Field Restarts

On Tuesday, WTI crude oil futures decreased to $68.5 per barrel after a 3.2% increase on Monday. The main...

Silver Eyes $31.3 Amid Changing Fed Policy Views

FxNews—Silver prices test the $31.3 resistance, above the 50-period simple moving average. However, the precious metal is still below...

Gold Hits $2620 as Investors Eye Fed Moves

FxNews—Gold prices climbed above $2,620 per ounce, reaching their highest point weekly. This increase is mainly due to a...