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.

31.07.2024

Brent prices fall below 80.00 USD; focus on the Federal Reserve’s decision and the EIA data today

According to the API data, Brent prices have fallen below 80.00 USD despite decreasing oil inventories. Today, the market awaits the outcome of the Federal Reserve’s meeting. Find out more in the Brent analysis dated 31 July 2024.
30.07.2024

Gold (XAUUSD) attempts to rise; the market awaits US data

The XAUUSD price is attempting to break out of a descending price channel as market participants await the Federal Reserve’s decision and US employment market statistics this week. Find out more in our XAUUSD analysis for today, 30 July 2024.
29.07.2024

Brent crude oil price holds above 80.00 USD; focus this week on Fed meeting and US employment market data

Brent crude oil price has consolidated above 80.00, with a likely upward reversal. Find out more in the analysis for 29 July 2024.
26.07.2024

Brent price reversed upwards, receiving support at 80.00

Brent prices halted their decline and are forming a local upward reversal. Find out more in our analysis dated 26 July 2024.
25.07.2024

Gold (XAUUSD) fails to hold above 2,400 USD and declines again

Gold prices are falling, as they cannot hold above 2,400 USD. Market participants await today’s release of US GDP data. Find out more in our analysis dated 25 July 2024.
24.07.2024

Brent declined to 80.00, with the market focusing on EIA data today

Brent crude oil prices are declining for the fifth consecutive trading session. Read about it in the analysis for 24 July 2024.
23.07.2024

Gold (XAUUSD) is correcting after reaching a new all-time high

Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce.
22.07.2024

Brent fell to the 50.0% Fibonacci level as part of a correction

Brent crude oil prices experienced a decline of approximately 3% last week.