Commodities Analysis & Opinion

The daily chart for oil makes for interesting reading following the extended congestion phase which has seen the commodity struggle to break away and move higher, constantly testing and retesting the...

There was no shortage of strong movements in the markets on Wednesday. However, a short-lived dip on the stock market was quickly bought back. In contrast, moves on the currency and commodities...

Gold trades sideways as expected but breaks best support for today at 1951/1947.Longs stopped below 1942 for a short term sell signal targeting 1937, 1931 (missed by just a point yesterday), perhaps...

WTI Crude shorts at 200 day moving average resistance at 4300/20 finally making the move I have been waiting for as we collapse to the target of 4160/45 & hit 4123.A break lower is possible,...

The oil market has been remarkably stable over the past 3 months. Brent has generally stayed below $46 and above $40 while WTI has largely remained between $37 and $43. Oil prices appear to be in a...

According to the World Gold Council (WGC), the latest leg of gold's 2020 bull run has come too fast, but gold has still potential for further upside.The WGC has recently published a few interesting...

The first leaf drops of fall are not expected for another three weeks, yet the autumn chill is already palpable in U.S. natural gas futures front-month contract. Gas is headed for its first weekly...

The world’s top oil exporter, Saudi Arabia, continues to try to tighten the world’s most transparently reported oil market by slashing crude oil shipments to the United States to the...

Is gold and the gold-related (NYSE:GLD) Exchange Traded Fund forming a more complex 4th wave? Using the Elliott Wave Principle (EWP), as I have over the past three weeks, I continue to track its...

Make no mistake, higher gold prices are coming.By pulling yet another arrow from its quiver, the Fed’s just helped move us closer to that target. The Fed wants inflation, so it’s going to...

The Gold Futures contract gained 0.02% on Tuesday, as it remained close to short-term local highs. The market bounced off following the decline after Thursday's Fed Chair Powell speech. Gold...

Yesterday, we wrote the following regarding the USD Index chart: The move below the mid-August low in the USD Index is a very recent and likely a very temporary development. Let's keep in mind the...

Oil’s rally runs out of fuelDespite a lower US dollar and upbeat US data, oil failed near its range highs and finished the day only slightly higher. Ample spot supplies and nagging doubts about...

Platinum, the less-showy sister metal of gold and palladium has been having a more even rebound from the lows of COVID-19 than the two sector heavyweights.Since its meltdown of more than 26% in the...