Tale of Two Legacy Assets, Gold Near Highs, Crude Near Lows; What are Chartists Looking at?

Blog Feb 12, 2020

Gold prices are again halted around the resistance level of USD 1,600 per ounce in the wake of slight recovery across the global front, especially the improvement in manufacturing activities across China and the United States. To Know More, Do Read:...

Crude Oil Under Supply Glut; A Speculative Ray of Hope for The Oil Market

Blog Feb 06, 2020

Crude oil is witnessing a bumpy ride across the international market with prices of Brent crude oil futures first plunging USD 71.75 (intraday high on 8 January 2020) a barrel to the present low of USD 53.69 (intraday low on 4 February 2020), which m...

Gold takes a breather; Global Economy Bolsters and AUD Appreciates

Blog Feb 05, 2020

Post smashing its own record highs, the gold spot is now under slight pressure as global economic indicators demonstrating some positive readings on the scale, which might be estimated by bullion enthusiast to be tentative, but currently keeping the ...

Base Metals and Iron Ore Turning Red Hot as Coronavirus Turns into a Pandemic Threat

Blog Feb 04, 2020

The feared pandemic threat of the coronavirus might be coming true with the Wealth Health Organization (or WHO) declaring the threat a global health emergency. The epidemic threat in China is now taking a turn towards being pandemic in nature with 15...

Coronavirus Impact: Tumbling Steel and Copper Prices

Blog Feb 04, 2020

The metal market is witnessing turmoil over the outbreak of Coronavirus in China. The best economic indicator, LME copper price has fallen by ~11.6% from US$ 6,300 per tonne on 16 Jan 2020 to US$ 5,569 per tonne on 31 Jan 2020. The falling copper pri...

Your Commodity 2019 Recap- Iron ore, Gold, Crude Oil, Base Metals, and Battery Metals

Blog Feb 02, 2020

Iron ore and gold prices are able to maintain their lustre in the market, and while gold prices are being supported by the recent development of epidemic threat in China, iron ore is still managing to hold its recent highs. Apart from these two, most...

Western Australia Gas Demand to Surpass Existing Production Capacity- Says AEMO Report

Blog Jan 30, 2020

Western Australia ramped-up gas supply across the domestic market in 2019 through two projects, namely Wheatstone, with a total capacity of 205 terajoules per day, and Pluto, which included a 25 terajoule per day of domestic gas pipeline and ~ 15 ter...

Technical Lens Over Gold, Crude Oil, and Iron Ore

Blog Jan 29, 2020

Gold prices are well on track to reach the projected price suggested by the bullish flag pattern on the weekly chart. The Australia dollar-denominated gold spot is on a surge from $2,224.64 (intraday low on 14 January 2020) to the present high of $2,...

Market Pessimism Grows Stronger Over Coronavirus; Risky Assets Under Pressure, Gold Near Record Peak 

Blog Jan 28, 2020

Commodities market and other risky assets such as global equity markets are taking a hit from the spreading of the coronavirus, which has impacted many business affairs in China and in tandem induced fear across the globe. Risky commodities such as ...