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Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

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Natural Gas Sheds 3% on Smaller-Than-Expected Weekly Supply Drop

Natural gas futures fell as much as 3% on Thursday after the US government reported a decline in domestic inventories that came in less than the market had …

Bitcoin Breaks $6,500 Following Poor First Quarter

Bitcoin prices ended the first quarter of 2020 down by 10%, having seen early yearly gains swallowed up by Coronavirus market panic. On the day, Bitcoin …

Soybeans Slump 2% As Demand Hurts US Agriculture

Soybean futures are sliding in the middle of the trading week as the agricultural commodity nosedives on demand woes. Soybean …

Gold Slumps 1% on Strengthening Dollar, Market Confidence

Gold futures are sliding as much as 1% on Tuesday as a strengthening US dollar and market stability are hampering the yellow metal. As the rest of the financial markets will …

Bitcoin Climbs to Retest $6,500 – Takes Cryptocurrency Market Up with It

Bitcoin has posted a 2% gain this morning, testing $6,500 resistance level and taking the rest of the cryptocurrency market with it. Bitcoin SV has …

US Crude Slumps 6% to Lowest Level Since 2002

Crude oil futures are trading at their lowest levels in nearly 20 years to start the trading week, driven by crashing global demand and a rallying US

Symmetrical Triangle Pattern on 4-Hour Chart of Silver as of 2020-03-29

A symmetrical triangle pattern has formed on the 4-hour chart of silver. Unlike patterns that have formed on charts of crude oil and gold, …

Bitcoin Falls Through $6,000 Support

Bitcoin prices have continued their recent decline, falling to and through $6,000 resistance and now trading just above $5,900. Analysts had predicted a fall …

Ascending Triangle Pattern on 4-Hour Chart of Gold as of 2020-03-29

An ascending triangle pattern has formed on the 4-hour chart of gold. Essentially, it is opposite to the descending triangle pattern that has formed on the chart

Descending Triangle Pattern on Daily Chart of WTI Crude Oil as of 2020-03-29

Prices for crude oil were in a sharp downtrend lately, and traders were wondering whether they will continue moving lower or maybe the commodity has found …

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