Commodities Analysis & Opinion

You would have to be blind, metaphorically speaking, not to see that Gold is back in correction mode.It never traded above the corrective highs around $1950, and more importantly, it has formed a...

Home prices are surging, making some investors worry about the housing market. These fears seem to be exaggerated, but bubble-like conditions are widespread.As the chart below shows, the...

Oil prices are on fire, hitting another two-year high and posting gains for a fifth week in a row. The reason for this string of gains is pretty simple, global oil demand is coming back faster than...

Brent oil traded slightly lower at midday on Friday, after it hit resistance slightly below the 76.05 barrier, which is Wednesday’s high. Overall, the black liquid remains above the upside...

Markets were slow for the whole week Gold makes bigger and deeper decline It may test $1750 - $1720 level Major markets were very slow for the whole week, be aware of some action today on Friday,...

Crude oil is trading near $73.28 per barrel; prices are consolidating near this range ahead of the OPEC meeting next week.Oil prices are likely to remain under pressure if Saudi Arabia goes along with...

Oil markets enter a pre-OPEC+ holding patternOil markets once again traded sideways yesterday, albeit with a slight upward bias. Brent crude and WTI were almost unchanged at USD75.50 and USD73.30 a...

When Saudi Oil Minister Abdulaziz bin Salman holds a Zoom call next week for the sixth time this year with his peers from 22 countries, he’ll probably not be thinking of new schemes to get the...

When I recommended a long position in natural gas two months back, many readers were annoyed to go long at $2.614. Some of them even posted abusive comments which I had to take on board before writing...

When considering the likely future direction for gold it’s often helpful to drop in on silver and see where its less illustrious but industrially important near cousin is heading from a...

Fed Chair Jerome Powell’s testimony to Congress failed in generating a rebound in gold prices; thus, the bearish trend could continue.On Tuesday (June 22), Powell testified before the Select...

Do you remember the oil glut? Oh, sure you do. The COVID-inspired oil glut that many people said was so large that we would never see it fully disappear. Just one year later, supplies of oil are...

WTI oil futures’ positive drive has somewhat lost its potency, after logging a 32½-month high of 74.23 despite prevailing bullish forces. The climbing simple moving averages (SMAs) are...

Price. That's the major news in the oil market these days. Both main benchmarks—WTI and Brent—seem to have grown comfortable in the $70s range lately; neither has visited that area since...