Commodities Analysis & Opinion

The last few days have seen some interesting developments in the world of crypto-currencies which has led many to think beyond the practicalities of Bitcoin (BTC/USD) as a medium of exchange and...

Before we get into tonight’s charts I would like to explain what my goal is right now for the precious metals complex. We never know 100% for sure when we have a bottom in place. All we can do...

According to the monthly oil report released today, total OPEC crude output increased marginally to 29.71mb/d in January. Hence, the cartel was able to balance its output, despite Libya doubling its...

Just when you thought it was safe to start the car again, gasoline prices are once again heading higher. The average price of gasoline in the United States is around $3.31 a gallon. Obviously, states...

Patience has been a requirement for those that have been bullish on gold. Having dropped nearly 30% last year, the shiny commodity was one of the worst performing asset classes in 2013. That is...

March 14 support at 9940/39, 9937, 9935. Resistance at 9943/44 and July high at 9947/48, 9952, 9954, 9957, 9959.June 14 Support 9941, 9939, 9937, 9935. Resistance at 9944, 9947, 9950, 9953.Sept 14...

Precious-Gold held gains on Wednesday after the new Fed Chairman Janet Yellen said she would continue with stimulus. The yellow metal rose to three-month high on Tuesday after Yellen said at her...

The yellow saw its refuge appeal boosted and accordingly its prices climbing while that crude along with major pairs consolidated after that the new Federal Reserve Chief; Jannet Yellen, stated...

However the cancelled warrants for the commodity have once again started to decline from a high of 46,275 MT to 33,875 MT there by the negating the positivity on the Inventory front. February...

--Aluminum ended Friday’s trading session marginally higher by 0.3% at the LME platform, closing at $1707/MT.--Aluminum stock have been witnessing a decent fall in its inventories since last...

CLWest Texas Intermediate rose for the sixth time in seven days to a six-week high after an industry report showed stockpiles fell at the delivery point for the U.S. crude. Futures gained as much as...

Gold pushed well above the 1280 resistance level yesterday, surging as high as 1294 before finding resistance. The bulls need to keep the momentum going here and take out 1300 - with the dollar...

It was only in January this year that some of India’s major steelmakers had increased the price of their products. Now they have done it again, blaming it on the Indian rupee weakening against...

Russia’s NLMK is expecting a significant output increase. The steelmaker “estimated its crude steel output would rise by up to 3.8 percent in 2014 and said it had slashed planned...