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Commodities consolidate after a strong week

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Crude oil, copper and to a lesser degree precious metal prices have all rallied at various points this past week. It will be interesting to see if their good run of form will continue in the new week. Oil prices are on the verge of closing higher for the fifth straight week, unless something dramatic happens in late New York trading. Brent and WTI are basically continuing their recovery process on growing hopes that the oil market is going to re-balance itself because of strong demand and a

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