by Mohammed Isah | October 22nd, 2018
CRUDE OIL retains bear pressure with more decline expected towards the 68.00 level. On the downside, support resides at the 67.50 level where a break will expose the 67.00 level. A cut through here will set the stage for a run at the 66.50 level. Further down, support resides at the 66.00 level. Its daily RSI is bearish and pointing lower suggesting further
by Mohammed Isah | October 21st, 2018
GOLD faces consolidation threats following a price halt on Friday. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,205.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,100.00 level. On the
by Mohammed Isah | October 18th, 2018
CRUDE OIL faces bear pressure following its Wednesday price sell off. On the downside, support resides at the 68.50 level where a break will expose the 68.00 level. A cut through here will set the stage for a run at the 67.50 level. Further down, support resides at the 67.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On
by Mohammed Isah | October 8th, 2018
CRUDE OIL eyes downside momentum towards its key support residing at 72.93/71 zone. This is coming on the back of a loss of upside momentum the past week. On the downside, support resides at the 73.00 level where a break will expose the 72.71 level. A cut through here will set the stage for a run at the 72.50 level. Further down, support
by Mohammed Isah | October 4th, 2018
CRUDE OIL looks to extend trend resumption following its rally on Wednesday. This has increased the risk of further upside pressure towards the 76.50 level. Further out, resistance comes in at the 77.00 level. A break above here will aim at the 77.50 level and then the 77.50 level followed by the 78.00 level. Its daily RSI is bullish and pointing higher suggesting
by Mohammed Isah | October 3rd, 2018
GOLD looks to break key resistance located at 1,214.28 zone. This is coming following its corrective recovery off the 1,180.75 low. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen
by Mohammed Isah | October 1st, 2018
GOLD faces price hesitation risk as it looks to follow through higher on the back of its Friday gains. Unless it returns below the 1,180.00 levels, risk of consolidation is likely. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a
by Mohammed Isah | September 24th, 2018
GOLD risk remains lower as it continues to face risk of further downside pressure despite consolidation risk. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the 1,170.00 level. Below here if seen could trigger further downside