Commodities
Enhance your commodity trading performance with our daily analyses and forecasts. We provide timely information on a core list of commodities: XAUUSD (Gold) and Brent crude oil.
In this section, you will find predictions of market trends and price movements based on both fundamental and technical analysis. We draw on economic indicators, geopolitical events, global supply levels, and other fundamental factors to forecast market developments.
This knowledge will help you make informed trading decisions, minimise risk and capitalise on market opportunities. Our commodity forecasts are accessible to traders of all levels, providing valuable insights and relevant analytics to help you achieve your financial goals in the commodities market.
12.09.2024
Brent corrects following a decline, rising above 71.00 USD
Brent’s price fell as part of the downtrend, completing a target movement in line with the triangle pattern. The quotes are now undergoing an upward correction. However, once it is complete, the decline may continue. Find out more in our Brent analysis for today, 12 September 2024.
11.09.2024
Gold (XAUUSD) is trading at annual highs again, with the market awaiting US inflation data
XAUUSD price is again approaching an all-time high of 2,532 USD, which has already restrained price growth several times. Market participants are focusing on US inflation data. Find out more in our XAUUSD analysis for today, 11 September 2024.
10.09.2024
Brent prices continue to fall, dropping below 72.00 USD
Brent’s price continues to decline within the downtrend, forming a triangle pattern on the chart. The market will focus on the US API crude oil stock change data today. Find out more in our Brent analysis for today, 10 September 2024.
09.09.2024
Gold (XAUUSD) remains in a sideways range; the market awaits US inflation statistics
The XAUUSD price has been trading in a sideways range for three weeks; the direction of the price movement out of the range may determine the future trend. The market will focus on US inflation data this week. Find out more in our XAUUSD analysis for today, 9 September 2024.
06.09.2024
Gold (XAUUSD) returned above 2,500 USD, with growth likely to continue
The XAUUSD price rose moderately on Thursday and consolidated above 2,500 USD, creating the conditions for testing the historical high of 2,532 USD. Price growth may be driven by US employment data. Find out more in our XAUUSD analysis for today, 6 September 2024.
05.09.2024
Brent fell below 75.00 USD, with the decline likely to continue
Brent’s price dipped below 75.00 USD, with the downward momentum likely to continue after a small correction. The market will focus on US data today: the EIA oil stock change and the ADP employment statistics. Find out more in our Brent analysis for today, 5 September 2024.
04.09.2024
Gold (XAUUSD) is under pressure but holds above the crucial support level
XAUUSD price fell below 2,500 USD on Tuesday but stayed above the significant 2,470-2,480 USD support area. The market will focus on US employment data on Thursday and Friday. Find out more in our XAUUSD analysis for today, 4 September 2024.
03.09.2024
Brent is trading just below 77.00 USD, consolidating in a sideways range
Brent’s price is moving within a broad sideways range while a triangle pattern is forming on the chart. Find out more in our Brent analysis for today, 3 September 2024.