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Oil prices are coming to terms with bullish short-term and long-term fundamentals. Not only are we seeing signs that forward demand for all oil and products are getting uncomfortably tight in the...
The price of Brent remains in the bull market zone, above the long-term support levels of 56.50, 57.90, 59.40 (Fibonacci level 61.8%) and short-term levels of 68.24, 67.40. A breakdown of the local...
There are still some very basic things that we can look to for exposure in an inflationary setup. One of those is the Invesco DB Commodity Index Tracking Fund (NYSE:DBC). This is a fund that claims to...
Supply fears to keep copper prices higherCopper prices pushed higher supported by positive economic data from the US, American rescue plan and supply fear at Escondido and Spence mine. Copper prices...
Silver markets continue to be very noisy in general, as we see a lot of questions when it comes to inflation, and of course the $28 level is a large, round, psychologically significant figure.$28...
This article was written exclusively for Investing.com The commodity price cycle Term structure Location and quality spreads Processing spreads Substitution spreads I have been trading commodities...
As per Elliott Wave analysis, EUR/USD was trading higher for the last two weeks, away from 1.1990 level but still can be in the middle of wave B/2 irregular correction with a potential resistance at...
Gold Spot bottomed exactly at first support at 1895/1890.Silver Spot up one day, down the next day in the sideways trend for 2 weeks. Same levels apply for today. WTI Crude JULY Future we wrote: beat...
Despite a landmark decision by a Dutch court that Shell (LON:RDSa) has to reduce its carbon footprint and environmentalists getting on Exxon (NYSE:XOM) Mobil’s board, demand for fossil fuels...
The current trading week is shaping up pretty well for gold bulls. The classic representative of the precious metals market has grown by $25 in recent days alone, surpassing the psychological barrier...
Although, El Nino Southern Oscillation (ENSO) conditions are currently in the neutral phase with the possibility of the return of La Nina later in the hurricane season. I find that any tilt in the...
Silver prices are trading with minor losses from the previous day but still trading in the range of $28.10-$27.40 from the last five trading sessions.Weakness in the Dollar Index and global bond...
Natural gas July month expiry contract is holding near $3.014 with minor losses from the previous day, however above average US temperature expectation from June 5 to 9 is providing support to the...
The upcoming OPEC+ meeting, planned for June 1 via videoconference, will most probably have as a top item on the agenda, the group’s current production agreement, which runs through the end of...
Oil markets pause for breathBrent crude and WTI were almost unchanged at USD68.25 and USD66.15 respectively yesterda=y, despite ostensibly bullish US official crude inventories data. The risk-exposure...