Commodities Analysis & Opinion

The OPEC+ drama is over and the group decided to leave the market with just enough oil to get by. OPEC+ agreed to raise oil production that on the face of it, would be barely enough oil to keep up...

Early in the new week of July, Brent is falling as investors are getting rid of emotions in prices after learning the facts. Last weekend, OPEC+ had an important meeting, which, for once in a...

Crude oil is coming lower on intraday charts as expected now seen in late stages of a three wave retracement that can represent a corrective wave four. Ideally energy will turn up again this week from...

WTI Crude oil traded lower on Monday, breaking below the 71.05 key support (now turned into resistance) barrier, and thereby completing a failure swing top formation. This, combined with the fact that...

After months of attempts by market bulls to downplay it, the Delta variant of COVID-19 is beginning to show its most virulent impact yet on risk appetite, not just in stocks but also...

Last week’s excessive CPI print marked the top of the S&P 500 for the week. As the market continues to digest the data, where is the breaking point for inflation and interest rates?Did you...

Parsing our title, Gold is gripping in completing a fourth consecutive up week. Moreover, per the above Gold Scoreboard, recent weekly closes [green rectangle] continue to track those of a year ago,...

Gold prices fell sharply in June 2021, but quickly recovered due to fundamental factors that are extremely supportive of commodity prices. The Fed's balance sheet is steadily growing in response to...

Crude prices are slightly higher after a brutal week saw COVID-19 concerns across Asia and Europe dampen the short-term crude demand outlook, while OPEC+ seems poised to deliver more output. A...

Investors prick up their ears to front-run the Fed’s taper. It looks like a tricky game though, given its contradictory statements. What’s the truth?You Don't Say! At first it was nothing,...

There is more evidence that the predictions of “peak oil demand” were greatly exaggerated. OPEC in its latest monthly report predicted that we would see global oil demand exceed 100...

Since late June, gold has been rising almost every trading session, reaching $1822 per troy ounce on Friday morning. The easy part of the rise is left behind, and now the bulls have to prove that they...

Gold is coming higher as expected, now out of a wave B/2 consolidation so third leg up is in progress that may expect even to 1857. An overlap with this level will be important for a triangle count...

XAG/USD has been trading in a consolidative manner since June 17, between the 25.55 and 26.75 barriers. The broader picture looks directionless as well. The metal continues to hover above the upside...