Commodities Analysis & Opinion

Oil steady after Chinese rumors fuel surgeOil prices are relatively flat, trading with some caution on Wednesday after another decent move higher the day before. The prospect of fewer restrictions in...

Last week I wrote about the numerous positive divergences building in precious metals. On a near-term basis, gold looks the worst of the group. But that can be a good thing.Taking a step back, today I...

Not only is Russia spreading its terrors throughout the world, but the New York Times is also reporting that Russian officials discussed the use of nuclear weapons in Ukraine. The Wall Street Journal...

Natural gas looks extremely indecisive, as the first two trading sessions this week were evident enough to trap bulls above $6.2. On Monday, the natural gas jumped above this pivotal point at $6.2 but...

Aside from today's rate hike, attention on October jobs report If below estimated 191,000, it will build hopes for a Fed pivot on rates If close to or above September’s 263,000, Fed will stay...

Crude oil’s trendline resistance on the hourly is now located at $91. Original Post

The gold market enters trading for the month of November on a losing streak. Can bulls finally turn things around?Their first test will be to defend the line of support established from the September...

Crude prices jumped after rumors that China was preparing for a full reopening in March 2023. Oil is looking bullish again as it did a decent job holding onto gains despite a strong reversal with the...

Looks like it pays off to be a pariah state these days as Saudi Aramco’s profits explode. Reuters reported that:   “On Tuesday, Saudi Arabian state oil producer Aramco...

The commodities complex came under pressure yesterday due to US Dollar strength. Markets will likely be focused on the FOMC meeting later this week, where the US Fed is expected to hike rates by...

Gold retreated to $1633 by the start of this month, close to the lows of September and October, but gained about 1% surpassing $1650.We saw a similar buying spree the month before, and such buying...

Oil steadies amid bullish OPEC forecastsOil prices are higher on Tuesday, with Brent and WTI up close to 1.5%. Little has changed over the last week on the oil front, with the price stabilizing after...

BitcoinBitcoin continues to move in a sideways direction, and traders are hesitating to place any large bets ahead of the Fed decision, which is bound to bring mammoth moves for the dollar index. One...

Seven straight months of losses and counting: Copper is having its worst bearish streak in 25 years, with no immediate certainty of a rebound as inflation at near four-decade highs, aggressive central...