Commodities Analysis & Opinion

Good Morning!In the overnight electronic session the March corn is currently trading at 354 ¼, which is 2 ¾ cents lower. The trading range has been 357 ¼ to 353 ½ so far....

I recently wrote about the tendency for natural gas to show weakness during the following period:*The period from the end of January Trading Day #5 through the end of February Trading Day #11 has...

Oil prices spiked lower once again after China's stocks fell again. Oil prices can’t get a grip even with U.S. stocks rebounding and the dollar holding steady. The Shanghai Composite closed down...

Awaiting monthly report from US Agricultural DepartmentWheat prices are edging up from the 5 and 1/2 year lows. Previously they lost 10% from mid-December amid favorable weather and stricter import...

Wheat made it as far as short term Fibonacci resistance at 482 overnight. This the main challenge for bulls today in short term overbought conditions so a high for the day could be seen here already...

Soybeans first resistance at 866/867 is key again today but above here re-targets 871. If we continue higher look for the next target and resistance at 875/876 and a selling opportunity. Shorts here...

Gold Weekly forecast Main scenario:The pair is trading along a sideways trend between support 1095 and resistance level 1133.A downtrend will start as soon as the pair drops below support level 1095,...

Gold stabilized above 38.2% Fibonacci at 1101.00, which is positive and the bullish signals appear on ADX along with trading above moving averages. Therefore, we will be bullish, targeting 1118.00...

Our Stainless MMI fell to 52 from 54 in January. Nickel is hovering near 12-year lows. Not even a weaker dollar helped lift prices over the last month.The US flat-rolled stainless mill base price...

Our Rare Earths MMI fell .06% to 17 this month, yet another all-time low.Rare earths prices have been in free fall ever since China removed export quotas on the minor metals that are key components...

Off to a rather quaint start for New Year, what?As 2016's first trading session got underway, one of the more revered FinMedia outlets ran with this piece: "So Long, Farewell: Markets Hope to Shake...

February gold settles 1097.9, up $37.70 for the week of January 4th through January 8thGold prices fell Friday but still finished the week with a 3.6 percentage gain, which was gold ‘s best...

N:SLV – on buy signal. Silver remains on major sell signal, however, prices are now at 200ema support and a major buy signal can materialize in the months ahead. Speculation has reached levels...

“UP” it was, but the intermediate term HUI chart is certainly not that impressive, given the pandemonium that has been taking place since the start of the New Year. The index does seem to...