The price of gold has been depreciating over the last couple of weeks after having reached a psychological barrier. The downturn was catalysed by mixed labour data in the U.S. and growing energy demand globally. The correction is momentarily halted by increased bullish momentum in the short term. The latter is owing to relaxed inflation fears among traders and investors, ahead of the highly anticipated [...]

The energy market has benefited greatly by heightened demand amidst accelerating global recovery. This has prompted a massive bullish rally on the price of crude oil, which reached the psychologically significant resistance level at 70.00. Nevertheless, the latter represents a prominent turning point, which is why the emergence of a new bearish correction from it in the short term seems highly plausible. [...]

The price of Gold is headed towards a multi-month high as demand ramps up in the short term. Traders and investors are sizing up the impact of inflation growth on the pace of U.S. recovery, which is already being reflected in the commodities market. All eyes are currently focused on the upcoming non-farm payrolls data, which is likely to bolster these inflation pressures. In particular, a potentially robust [...]

The price of crude oil has finally started falling from the recent high, which was expected to happen for quite a while now. The commodity rallied in the first quarter, driven by heightened demand as the global economy continues to recuperate, but this bullish sentiment finally looks ready for a respite. [...]

Despite the successful vaccination process in the U.S., the underlying recovery is still uneven. The impact of the pandemic continues to be sporadic and bumpy across different sectors of the economy. The impact of this spillover is likely to be underpinned by the Services PMI data, scheduled for publication later today. [...]

Demand for the commodity looks poised to depreciate in the medium term as the impact of market seasonality starts to play a bigger role in the underlying supply and demand dynamics. That is so because global economic activity tends to fall over the latter portion of the second quarter, which consequently eases said demand. [...]

The price of gold quite expectedly reached the 1780.00 swing peak recently, which had previously served the role of a major swing low. Hence, its function as a prominent make-it-or-break-it turning point has been established. Because of that, the timing seems perfect for the development of a new bearish correction. [...]

The price of WTI continues to trade around the psychologically significant resistance level at 60.00 in anticipation of another directional movement. Following the completion of a massive bullish uptrend recently, the commodity's price has begun to consolidate as bearish pressure ramps up. This can potentially be perceived as the early stage in the development of a new downtrend, provided that the bears manage [...]

The price of gold recently rebounded from the 61.8 per cent Fibonacci retracement level at 1690.36 and has been consolidating above it since the middle of March. This is significant news for a number of reasons. Firstly, the 61.8 per cent benchmark represents the final Fibonacci threshold in a sequence (it follows the 23.6 and the 38.2 per cent marks), which means that the price action currently finds itself [...]

The underlying supply and demand equilibrium in the energy market is currently changing. Demand is falling as the global economic recovery is presently undergoing through a soft patch owing to a number of contributing factors. This is prompting the beginning of a new bearish correction on the price of crude oil. [...]