CommodityOnline

MCX Gold price is in a major uptrend indicated by higher tops and higher bottoms on the daily chart as shown above. However, recently the price has formed double top pattern. A double top is a...

A potential bull market in commodities, precious metals and miners could accelerate higher if Congress gives Obama the approval to attack Syria based on the use of chemical weapons of mass destruction...

Copper inventories gained at London Metal Exchange (LME) on Monday by 10325 ton. Copper was the only gainer in list. Aluminium stock declined 6700 tons while zinc stocks have fallen by 5075 tons. Lead...

Spot Gold closed lower yesterday on profit booking at higher levels, failing to 1425.00-resistance level and the bearish shooting star candle, which illustrates a minor downside correction. Stability...

Spot silver has witnessed profit booking at higher levels. The commodity also witnessed sell off at 25 levels. The resistance at 25 levels is still strong and yet to be broken. 24.80-25.00 is a key...

Silver closed lower due to profit taking on Thursday as it consolidated some of the rally off June's low. The midrange close set the stage for a steady opening when Friday's night session begins...

Gold closed lower due to profit taking on Thursday as it consolidated some of the rally off June's low. The high range close sets the stage for a steady opening when Friday's night session begins...

Natural Gas closed higher on Thursday as it extended this month's rally. The high range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain...

US oil closed lower due to profit taking on Thursday as it consolidated some of this summer's rally. The low range close sets the stage for a steady to lower opening when Friday's night session...

Copper and lead inventories gained at London Metal Exchange (LME) on Thursday by 2850 and 250 tons respectively. Aluminium stock declined 5925 tons while zinc stocks have fallen by 4425 tons. Nickel...

Silver closed lower on Wednesday as it consolidated some of the rally off June's low. The low range close set the stage for a steady to lower opening when Wednesday's night session begins trading....

Gold closed higher on Wednesday. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bullish...

Natural gas closed lower on Wednesday. The low range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to...

US oil closed higher on Wednesday as it extends this summer's rally. Profit taking tempered early session gains and the low range close sets the stage for a steady to lower opening when Thursday's...

Well these numbers have plenty of room today. The overnight session set up a large range to the upside. We should also be thankful that the market has since retreated and pulled the RSI back to a...