Commodities Analysis & Opinion

China’s record-breaking crude oil imports supported oil prices through the late spring and summer when oil demand recovery in the rest of the world had just started and then wobbled amid...

Over the past two weeks, I have kept you abreast of the most likely path forward for Gold-related Exchange Traded fund (NYSE:GLD) (ETF). (See my articles here, and here). Last week, I said: “If...

The gold futures contract gained 0.72% on Tuesday, as yellow metal's price further extended its short-term uptrend after breaking above short-term local highs along $1,970-1,975. It has been...

Oil falls slightly, OPEC+ meeting loomsOne corner of the markets that did not gain any love from the weaker greenback was oil markets. Both Brent crude and WTI fell modestly overnight, despite US API...

It could have been. But what is more likely, it could have been the final pre-plunge top in case of the mining stocks. Why? Because the history tends to rhyme, and the verses appear more similar to...

If natural gas futures do not break the level of $2.357 on the announcement of this week's impending inventory on August 20th, 2020, bulls could hit their immediate target of $2.777 before moving...

My general the “dollar down, precious up” trend continues to pan out nicely.Let’s take a fresh look at the USD/JPY to see how the dollar is, lower high by lower high, winning the...

The Gold futures contract gained 2.51% on Monday, as yellow metal's price broke above its short-term local highs along $1,970-1,975. It has been fluctuating following last week's...

Slight gains in oil pricesA weaker US dollar, and strong OPEC+ compliance, saw both Brent and WTIcarve out modest gains overnight. Brent crude rose 0.70% to USD45.30 a barrel, and WTI rose by 1.25% to...

Crude oil is making an intra-day recovery from a minor triangle located in a sub-wave b), so the primary idea is still that sooner or later prices will be higher within a wave five of an Elliott wave...

To the bears who worked so hard to drive gold down from $2,000 an ounce, what’s happening now must be quite unbelievable.In a somewhat reverse playback to last Tuesday’s nosedive, gold has...

For silver, the picture is an identical one to gold on the daily chart, yet the weekly timeframe gave us an early warning signal of this short-term reversal. So if we start with the daily chart for...

For longer-term gold investors now is not the time to panic and sell. It may even be an opportunity to buy on the current reversal for the longer term. But as always it is volume that reveals the true...

Charts from NinjaTrader and indicators from Quantum (NASDAQ:QMCO) Trading The weekly chart for WTI oil futures perhaps best sums up the current technical picture for crude, and even the word crawl...