A symmetrical triangle pattern has formed on a 4-hour chart of palladium. Such pattern forms as volatility on markets decreases and prices move in a continuously narrowing range. It is a continuation pattern, meaning that prices usually resumes movement in the previous direction after a period of sideways movement. In the present case, that direction is up.
On the present chart, the yellow lines show the symmetrical pattern itself. The cyan line, situated at 10% of the pattern’s width above the upper side of the triangle, offers an entry position in case if prices go up. The green line is situated at the pattern’s width above the triangle and suggests a profit-taking objective.
You can click on the image to see a full-size version:

The chart was built using the ChannelPattern script. You

Futures for crude oil continued to decline today despite the fall of the US oil rig count. According to the report released by Baker Hughes during the US trading session, US drillers reduced the number of oil rigs by 11 to 659 this week. It was the third consecutive weekly decline. The number of gas rigs fell by 4 to 119.
Yet the news did not stop oil prices from declining further. The major reason for that were the easing tensions in the Middle East. At the start of the week, risk aversion surged due to an Iranian attack on US military bases in response to a US drone killing a top Iranian military leader last week. But as both the United States and Iran signaled that they want to avoid a full-blown war and with no new military actions reported, risk premium was starting to dissipate,

In the present video, David Jones from Capital.com provides his forecast for natural gas in 2020, which he made at the end of 2019. Overall, the outlook for the commodity looks gloomy as there are very few factors that can be considered positive for gas. The video shows important price levels and charts of natural gas.

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In the present video, David Jones from Capital.com provides his forecast for silver in 2020, which he made back at the end of 2019. The video starts by recapping what was happening to the metal in 2019. It continues with an explanation of factors that will be determining the performance of silver in the future and a demonstration of important price levels. The video proceeds next to charts of silver and ends with an example of setting up a position.

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In the present video, David Jones from Capital.com provides the outlook for gold in 2020, which he made at the end of 2019. He starts the video by discussing the performance of bullion in 2019. David proceeds then by explaining what factors will affect the metal during the year and showing important support and resistance levels the commodity may hit. Next, he shows charts of gold and discusses them. David concludes the video with a practical example of opening a new position.

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In the present video, David Jones from Capital.com provides his forecast for crude oil in 2020. He starts the video by looking at the performance of crude in 2019. David proceeds then with an explanation of factors that will be affecting the oil market in the coming months. Next, he shows important support and resistance levels that prices may hit and then discusses charts of oil. The video concludes with a practical example of setting up a position for crude oil.

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In the present video, David Jones from Capital.com provides his forecast for gold in January 2020. He talks about the recent moves of the metal and explains what factors will likely be affecting prices in the future. David provides important support and resistance levels that bullion may hit in January. The video concludes with practical examples as David opens a new position and discusses positions he had already opened previously.

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In the present video, Phil Carr from The Gold and Silver Club talks about crude oil as of January 8, 2020. He talks about the recent performance of the commodity, explains what factors will be affecting oil this week, and speculates where prices may go during the rest of the week.

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In the present video, Phil Carr from The Gold and Silver Club talks about gold as of January 7, 2020. He starts the video by discussing the recent surge of gold prices. Phil then proceeds to give advises for traders about their future moves. He advises against buying bullion when it is trading at the multi-year highs, suggesting instead waiting for a pullback and buy when gold is cheaper.

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Crude oil rallied today after Iran attacked US military facilities in Iraq. Gains were limited, though, as markets demonstrated a calm reaction to the news. Gold and silver rallied as well. Palladium demonstrated especially big gains, jumping more than 1%. Platinum, on the other hand, demonstrated significant losses.
Iran attacked two US military bases overnight. According to reports, 15 missiles were fired, and 11 of them hit their targets. So far, it is not clear if there were any casualties. Iran claimed that it was an appropriate response to the murder of the Iranian military leader by a US drone. US President Donald Trump responded in an unusually calm manner, saying that “all is well”. He will make an official statement at the morning US session, and markets eagerly wait for his

Yesterday, crude oil logged decent gains due to escalating tensions between the United States and Iran. The countries exchanged threats, but with no real actions to back up the strong words, traders have started to hope that a large conflict can be avoided. With risk premium leaving the market, crude was unable to remain at the previous elevated levels. Now, traders wait for supply reports from the American Petroleum Institute and the Energy Information Administration. Futures for delivery of WTI crude oil in February dropped by $0.65 (1.03%) to $62.62 per barrel as of 20:46 GMT on NYMEX today. Brent crude for delivery in March slumped by $0.73 (1.06%) to $68.18 per barrel on ICE.
Precious metals managed to avoid losses despite the fact that the earlier rally was also a result

In the present video, Phil Carr from The Gold and Silver Club talks about gold, platinum, palladium, silver, and crude oil for the week of January 6–10, 2020. He starts the video by discussing the recent surge of gold and reasons for it, both the latest news and the seasonality. Phil proceeds then with charts of the commodities, showing the recent performance and speculating about levels that prices may hit this week.

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In this short video, Market.com explains the recent escalation of US-Iranian tensions and its impact on gold and crude oil.

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While crude oil and gold often move in opposite directions, that was not the case today. Both crude and precious metals logged decent gains due to escalating tensions in the Middle East. On Friday, the US military killed Iranian general Qassem Soleimani. In response, Iran threatened to retaliate and said that it will no longer abide by the terms of the nuclear deal reached in 2015 that put limitations on the Iranian nuclear program, including uranium enrichment, in exchange for lifting sanctions against the Middle Eastern countries by Western powers. The United States have already withdrawn from the deal back in 2018. US President Donald Trump tweeted, reacting to the Iranian threats:

….targeted 52 Iranian sites (representing the 52 American hostages taken by Iran many years ago), some at

In this short video, Phil Carr from The Gold and Silver Club predicts levels that crude oil prices will hit at the beginning of 2020. He forecasts crude to rise to $70 as the OPEC+ deeper oil production cuts kick in in January.

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Metals, including copper, gold, platinum, and palladium, dropped during Friday’s trading session. Silver was an exception, logging decent gains.
One of the likely reasons for the metals’ poor performance was the strong US dollar. A stronger greenback makes it more expensive to buy commodities priced in the US currency, thus discouraging traders from purchasing them. The main reason for the dollar’s rally was the acceleration of the annual US economic growth to 2.1% in the third quarter of 2019 from 2.0% in the second quarter. Core PCE inflation, which the Federal Reserve watches closely, remained stable at 0.1%, while both personal income and spending rose in November. The consumer sentiment climbed this month according to the report from the University of Michigan.
The week started with

Futures for crude oil fell today, with the North American grade tumbling more than 1%. Over the week, though, the commodity was still heading to gains due to recent good news that made traders optimistic and bullish on crude.
Baker Hughes reported that the number of US oil rigs increased by 18 this week. It was the first double-digit increase in 8 months and the biggest since February 2018. The total rig count now stands at 685 — the most since early November. The number of natural gas rigs fell by 4 to 125.
The increasing number of oil rigs was one of the contributors to today’s decline of oil. Market analysts also speculated that profit-taking ahead of holidays was another factor dragging crude down.
While crude oil fell on Friday due to the rising oil rig count and the strong US dollar,

In this tutorial video, Peter Martin from Trading 212 talks about the precious metals market. The video explains properties and uses for silver, platinum, and palladium. It then demonstrates a correlation in the performance of the metals and provides an example of trading silver futures. The video also mentions other methods of investing in precious metals — ETFs and mining stocks.

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In this tutorial video, Peter Martin from Trading 212 introduces the oil market to traders. He explains the difference between the two major grades of crude oil, WTI and Brent, and teaches how to trade oil futures.

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In the present video, Peter Martin from Trading 212 explains the basics of commodity markets. This introductory video explains what types of commodities exist as well as how and why futures are used to trade commodities.

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Gold and silver were trading slightly below the opening level today. Copper was also hanging a bit below the opening. Platinum and palladium, on the other hand, demonstrated a radically different performance, with platinum rallying sharply and palladium posting huge losses. Overall, it looked like markets are entering a holiday mode, with trading becoming lighter and slower ahead of the Christmas and New Year holidays.
The week started poorly for gold and other safe assets as the United States and China achieved a phase-one trade deal, putting markets into a risk-on mode and limiting demand for a safe haven. In the longer term, though, there are plenty of reasons to worry, including the potential impeachment of US President Donald Trump and the threat of hard Brexit. That means bullion may

In the present video, Phil Carr from The Gold and Silver Club talks about silver as of December 18, 2019. In the video, he talks about the gold-silver ratio, the traditional seasonal performance of silver compared with gold, and what level silver prices may hit in the foreseeable future.

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In the present video, Phil Carr from The Gold and Silver Club makes predictions about price levels gold, silver, platinum, and palladium are going to hit in 2020.

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In the present video, Phil Carr from The Gold and Silver Club talks about crude oil as of December 17, 2019. He starts the video by talking about events important for crude, both past ones, like reaching the phase-one US-China trade deal, and future ones, like this week’s supply reports in the United States. Phil then advises how to trade crude over the rest of the week.

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In the present video, Phil Carr from The Gold and Silver Club talks about gold as of December 17, 2019, though he briefly touches other precious metals as well. The video talks about the recent performance of the yellow metal and explains what traders can do during slowing trading at the end of the year.

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In the present video, Phil Carr from The Gold and Silver Club talks about silver as of December 10, 2019. The main theme of the video is the gold-silver ratio. Currently, the ratio favors gold over silver, and hedge funds and money managers increased their long positions on gold versus silver last week. But with the gold-silver ratio being unusually high, there is a significant chance that silver will soon start catching up to gold. The video also talks about moves of silver and how traders can react to them as well as factors that will be affecting the metal.

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In the present video, Phil Carr from The Gold and Silver Club talks about gold as of December 10, 2019. In the video, he speculates about possible moves of gold prices and explains factors that will be driving them. Phil mentions that hedge funds and money managers increased their net long positions on gold last week. He also briefly touches platinum and silver.

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In the present video, Phil Carr from The Gold and Silver Club talks about crude oil as of December 11, 2019. He starts by discussing the latest moves of oil prices and mentioning that hedge funds and money managers trimmed their long positions on crude last week. Phil then proceeds with speculations about possible price moves during the rest of the week and factors that will be affecting them.

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In the present video, Phil Carr from The Gold and Silver Club talks about gold, platinum, silver, and crude oil for the week of December 9–13, 2019. The video starts by reminding how the commodities were trading last week and what factors were affecting them. It continues with the list of important events during this week, like monetary policy meetings of several major central banks, charts of the commodities, and speculations about possible price moves.

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In the present video, Phil Carr from The Gold and Silver Club talks about gold, palladium, silver, and crude oil for the week of December 2–6, 2019. He starts the video by recounting how the commodities performed last week as well as factors affecting the performance. Phil continues then with showing charts of the commodities and speculating about possible price moves. He also explains what factors will be affecting markets this week. The most important events will be monetary policy meetings of the Federal Open Market Committee and the European Central Bank, while the OPEC meeting will be important specifically for crude oil.

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