Commodities Analysis & Opinion

Oil prices need a shot of something. The Fed wants it to be another shot of stimulus and perhaps a shot of a coronavirus vaccine. Perhaps its another shot of compliance by the OPEC plus cartel, or...

Oil Lower Despite Crude Inventory FallsOil edged lower overnight, ignoring above expected falls in US crude, gasoline and distillate inventories, which is concerning for prices in itself. Any premium...

The gold futures contract lost 2.05% on Wednesday, as it extended its short-term downtrend following breaking below the price level of $1,900. The market is the lowest since late July. Gold keeps...

U.S. policy impacts the price of oil tremendously—in terms of both supply and demand.The reason: pre-coronavirus, the United States was the world’s largest producer and consumer of oil....

On analysis of the movements of Gold Futures, in different time frames, I find that the Gold Futures have entered into a lower trading zone; amid growing weakness in precious metals.  I find that...

Natural Gas Futures could continue this uptrend voyage as the seasonal breakout could sustain above the immediate support at $2.064.  There is no doubt that the Natural Gas Futures could face...

Natural gas has often been vilified as just another fossil fuel contributing to the climate crisis.While gas-fired power generation and the natural gas value chain do emit greenhouse gases, natural...

Research HighlightsGold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for gold are resting near $1,885, $1,815 and $1,790. More downside...

  On the Hurricane Front Tropical Storm Beta is breaking up as she has made landfall on the Texas coastline moving east-northeast. Post Tropical Cyclone Teddy is headed toward Nova Scotia,...

Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it?...

It be the storm or rising demand or refiners not procuring gasoline. Whatever it is, the American Petroleum Institute API reported a stunning 7.735-million-barrel drop in gasoline supply...

In military terms, the phrase "locked and loaded" refers to "locking" a magazine or cartridge into a firearm and loading a round into the gun's chamber. A variant is to "lock the safety" and then load...

Last month, I featured this Gold/US Dollar ratio chart in an article warning of the potential for a trend reversal. While the broader bullish trend is still intact (higher lows since 2015), it could...

USD strength is hampering gold's ability to stay above $1,900, although like previous meltdowns, dips are met by substantial demand from the real money community. Retail aggregators (I can confirm)...