Commodities Analysis & Opinion

Following the Fed meeting announcements, gold is trading near $1815, up significantly from its previous close. The Federal Reserve of the United States has indicated that it is not in a hurry to...

Oil prices are edging higher, but just like other risk assets, moves are fairly muted – and have been for days.The API on Tuesday reported a larger draw than expected from the EIA release, which...

Just as the economic recovery is picking up steam, there are mixed messages coming from inflation data as well as the equities (breadth) and bonds markets (yields). Enter the commodities market. Here,...

The USDX reportedly invalidated its bullish H&S pattern yesterday, but did it actually do so? The line based on daily closing prices says otherwise.Yesterday’s (July 27) supposedly big news...

A bullish American Petroleum Institute (API) report was released yesterday. And an announcement by OPEC plus that the Joint Technical Committee (JTC) of the Declaration of Cooperation (DoC) of OPEC...

Gold is still looking for a bigger three-wave A)-B)-C) recovery within wave D of a bigger bullish triangle pattern. Current sideways consolidation looks like an irregular flat correction in wave B),...

Back in February, as futures of frozen concentrated orange juice sat at the bottom of commodity returns for the month, I asked if prices of OJ can turn bubbly again.It has taken five months, but if OJ...

The real bull market in gold won’t begin until stagflation hits, which should coincide with the end of the handle on gold’s cup and handle pattern. Then gold and gold stocks will...

The European Central Bank has become the exact opposite of the Fed in terms of monetary policy. Its dovishness might actually be bad news for gold.The European Central Bank held its monetary policy...

The U.S. has gone power-hungry, consuming record and near-record amounts of gasoline and natural gas. Yet at the same time, we’re having issues meeting demand. Fuel shortages and the lack of...

Oil rises but rangesOil prices crept higher overnight, with Brent crude rising 0.80% to USD 74.80 a barrel and WTI finishing just 0.20% higher at USD 72.20 a barrel. The non-descript session is in...

LME 3M Copper prices have risen significantly from their previous low of $9131.75 to $9735. Copper prices have surged as a result of China's floods, which have heightened physical demand forecasts. A...

Fundamental AnalysisNatural gas prices continued to break out to fresh contract highs but finished well off the peak of the day. Prices hit a new contract high at $4.18 per MMbtu easing to close up 1%...

OilThe futures of Brent crude settled at $74.28 a barrel, rising 18 cents, while futures of WTI crude settled at $72.12 per barrel, increasing by 5 cents. The spread of the Delta variant has investors...