Commodities Analysis & Opinion

Both USD/CAD and oil prices are trapped for a year now in a wedge pattern. Usually patterns like this provide a solid actionable signal once price breaks out. In the case of USD/CAD we have already...

Today, mining analyst Stephan Bogner from Rockstone Research published an update on the market for rare earth elements (REEs), Commerce Resources Corp. (TO:CCE) and other well-known REE...

Gold has touched SMA50 in the Asian session where it declined again to trade above 1062.00 and above the main support line. ADX shows weak direction and RSI is negative below 50.00 without bearish...

Oil trades below 36.05 –Fibonacci of 113%- and according to Fibonacci rules, that will open the door up towards 127.2% Fibonacci at 34.20. RSI is moving negatively despite approaching 50.00...

Silver saw some choppy trading after the FOMC hiked interest rates. The precious metal rejected off the resistance that forms the upper level of a channel which could see it drift towards the support...

Like industrial production, the condition of oil inventory in the US was updated today in contradiction of the expectations driving Federal Reserve models expecting “transitory” weakness...

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.On Tuesday, crude oil gained 1.30% as investors continued to cover their short positions. In...

Good Morning!In the overnight electronic session the March corn is currently trading at 377 ¾, which is a ½ of a cent higher. The trading range has been 377 ¾ to 376 so far. The...

Gold has posted slight gains on Wednesday, as the base metal trades at $1065.03 per ounce in the European session. In economic news, the Federal Reserve is expected to announce a historic rate hike...

WTI crude is very quiet on Wednesday, trading at $36.97 per barrel in the European session. In economic news, the Federal Reserve is expected to announce a historic rate hike for the first time since...

The main support at 1055.00 remains stable and prevents gold from declining, while the metal started to trade again above 113% Fibonacci at 1062.00, which is a bullish signal. Trading above moving...

Crude Oil: Yesterday’s inclines stopped by the main resistance of the bearish channel, as oil recovery was limited by 37.75 – previous low- and under SMA50. Thus, trading below 39.25 is...

In time, most investors and some informed observers find themselves contemplating the collective silence of the precious metals mining sector.Indeed, it is as if they’ve been forced (with the...

WTI crude must hold first support at 3660/70 if we are to build on gains and re-target 3720/25, then strong resistance at 3775/85. A good chance of a high for the day yet again however as we become...