Commodities Analysis & Opinion

Gold is being capped at the 1071 level. This may or may not lead to one final attack to drive it to 1030 before the paper shorts get out of the way and let another bear market rally begin.

Good Morning!Turnaround Tuesday? Well maybe… In the overnight electronic session the March corn is currently trading at 360 ½, which is a ½ of a cent lower. The trading range has...

The Saudis cut but it’s not what you think. It's not oil production but spending as they try to get their budget under control as plunging oil prices are tearing them apart. Saudi Arabia said it...

As expected, crude oil finally fell to a new low of 2015 as downtrend progresses within red wave 5). We are tracking a five wave movement from 51.00 that is still unfolding so we assume that current...

The selloff in the oil price overnight and the drop in Chinese equities yesterday seems to have put a bit of a pause on last week’s gains in US markets. This is setting Asia up for a weak open....

As suspected, the gains seen last week in both gold and silver (and copper for that matter) were primarily the result of short covering. My view is that the bulk of this was tied to year-end book...

The "good news" for oil is that last week's up-move exhibits bullish form from $34.12 to $38.28, which if accurate, means that after the current pullback runs its course, oil should embark on another...

Gold's Flat-Topped Megaphone (Red) within Larger Blue Bottoming Megaphone Gold has formed a flat-topped megaphone (red) within its blue-bottoming megaphone. A breakout through the top would target...

Metals have probably formed at least an intermediate bottom and are ready to generate a tradeable rally over the next 4-8 weeks.

Not Very DemandingOil prices are giving up recent gains as weak demand fears are wiping out recent market optimism. Not only did we have weak weather demand in the U.S., weak industrial data in China...

Not Very DemandingOil prices are giving up recent gains as weak demand fears are wiping out recent market optimism. Not only did we have weak weather demand in the U.S., weak industrial data in China...

GoldTrading is limited around SMA20, but below 1078.00, which keeps the neutrality in favor along with strong descend on ADX. As for RSI, it moves just below 50.00 levels and thus, we prefer to...

Oil declined, trading below 37.75-previous low-, which is very negative signal along with negative signs on ADX and RSI. However, we see oil trading above moving averages and above the descending...

On December 22, zinc futures traded close to 1% lower, representing an overall weak global trend for it and other metals.On the London Metal Exchange, zinc dropped by 0.7% with analysts attributing...