Commodities Analysis & Opinion

CLCrude traded near the lowest price in almost six months, as crude stockpiles climbed for a 10th week in the U.S. and production rose. Crude was little changed in New York after declining 1.5 percent...

Natural Gas March is edging towards Fibonacci resistance at 3930. This should hold a move higher for today and possibly for the week. However, shorts need stops above 3965 as a break higher can then...

Wheat for March forming a base as explained all last week and this week. We hit our target of 662/663 and almost the next target of 668. A high for the day was expected and we topped almost exactly...

Soybeans hit our target and selling opportunity at 1340/41 and topped exactly here as predicted. This trade worked perfectly with a high for the week expected as stated and we tumbled to 1319/18....

Corn for March in a bear trend and below 424 risks a retest of 422 and possibly contract lows at 420 today. A break lower today cannot be ruled out and could target 416.Above 427 is less negative and...

Trend is to Store more Oil A year ago oil in storage stood at 274 million barrels, and with another robust year of domestic production, and despite curtailed imports, the US Oil Inventory stands at...

The recent rise in interest rates, in response to the threat of Fed tapering, foreshadows the unavoidable demise for the dollar. Not only did the rise in rates have an immediate effect on the housing...

Gold reversed course at the upper boundary of the down trend channel yesterday and retraced most of Monday's rally, closing around $1238 and posting a bearish "shooting star" candlestick on the daily...

Natural Gas saw a move towards 3820/17 as predicted but bounced from 3836 to break above 3885 as we close in on Fibonacci resistance at 3930.This should hold a move higher for today & possibly for...

WTI Crude tumbled to strong weekly support at 9200/80 for a buying opportunity. This has been our target for a few weeks now & finally it has been achieved. I don't need to tell you that we are...

I’ve been noticing this disconnect between oil & gas refining and marketing stocks over the past few weeks but it didn’t seem so “in my face” until today. I think it had to...

Natural Gas saw a move towards 3820/17 as predicted but bounced from 3836 to break above 3885 as we close in on Fibonacci resistance at 3930. This should hold a move higher for today and possibly for...

WTI Crude tumbled to strong weekly support at 9200/80 for a buying opportunity. This has been our target for a few weeks now and finally it has been achieved. I don't need to tell you that we are...

Both precious metals (gold and silver) and platinum group metals (platinum and palladium) have maintained their negative momentum despite a small recovery since Monday. Silver continues to be the...