Commodities Analysis & Opinion

Gold has left behind the lowest Fibonacci resistance from the all time highs to this year’s lows. Next two relevant barriers at (give or take) $1,850 and $1,900. Original Post

Crude Oil is trying to convert the double top’s neckline resistance of $81 into support. Original Post

OANDA Senior Market Analyst Craig Erlam discusses the latest crude moves against the backdrop of record Covid cases in China, an imminent EU decision on the Russian oil price cap, and the weekend...

OilCrude oil prices rallied as hopes grow that China will continue to loosen their COVID rules and on expectations that OPEC+ will do whatever it takes to support oil prices.​ Energy traders...

A very quick update on the weekly chart for gold, as the precious metal has now broken through the psychological $1800 per ounce price point and is now testing the strong price resistance at...

Precious metals reached escape velocity, fuelled by the crumbling U.S. dollar. The arrow below marks, in my opinion, the highest target for SPDR® Gold Shares (NYSE:GLD) right now. In turn, the...

Oil prices surge as U.S. refiners are making heroic efforts to alleviate a winter fuel shortage. They are running at record-breaking rates to keep Americans warm. The U.S. refining industry is doing...

Since the Fed Chair Powel announced a slow pace of interest rate hike this Wednesday, the sudden surge in gold was only a temporary breakout as the U.S. central bank looks to be more hawkish. However,...

Silver outperformed gold in quite an impressive way. However, can this really be considered bullish, or was it in fact just a correction?Yesterday’s session was nothing particularly new except...

I have written in depth about the upcoming Russian oil sanctions and price cap and outlined two basic scenarios for how traders can expect the market to react. However, no consensus has been reached...

Oil prices have rebounded strongly over the last few days – up around 10% from the lows – buoyed by the prospect of a lower price cap on Russian crude, another large production cut from...

U.S. gas storage/deficit little changed from year-ago levels  Gas output, meanwhile, at record high; heating demand well short of forecast  If substantial cold doesn't arrive in December, a...

Immense uncertaintyIt was always shaping up to be a volatile week in oil markets, and it’s certainly living up to that. Brent and WTI are up more than 2% on Wednesday as the EU continues to work...

A lot has happened since I posted this XME/XLE chart 3 weeks ago. Gold is a little stronger vs oil with XME/XLE ratio at 0.59 and the RSI is now testing the trendline resistance.As a reminder, XME is...