Commodities Analysis & Opinion

The gold futures contract lost 0.05% on Wednesday, as it extended its short-term consolidation above the price level of $1,700. Gold has been breaking slightly above $1,750 mark recently. Butit came...

Corn traders have been weighing favorable weather forecasts and better export numbers, with rumors that China came in and bought shipments of corn and soybeans. There was also growth in ethanol...

Oil is in positive territory on Thursday, but remains volatile, as the market narrative flips from a bullish focus on continued stimulus, to a bearish return to worry about increasing coronavirus...

This Saturday marks the official start of summer. Oil consumption and production experience typical seasonal patterns that traders, producers and consumers expect and plan for. However, this summer...

Silver will have initially taken off to correct its historic low in the metal’s ratio to gold, as part of a rotational drive toward value (see gold:silver ratio below). Later, multi-dollar...

Coronavirus fears overshadowed yesterday’s very supportive Energy Information Administration (EIA) status report. Ten U.S. states saw a record number of new COVID-19 cases this week and a...

WTI Crude August Futures is likely to be entering a volatile sideways trend–usually difficult to trade. The same levels apply for today after we held key resistance at 3900/20 and minor support...

Gold prices inched higher in early trading on Thursday, as an increase in coronavirus cases threatened to derail economic recovery from the pandemic. A more dovish than expected June FOMC meeting also...

Just as pre-summer heat begins building, which would ordinarily be a boon to natural gas demand, struggling LNG exports have struck another vicious blow to the heart of the gas bulls who were already...

If stocks come down, we believe that metals can stay in an uptrend, which already has a clear wave structure. Gold made a five-wave rally from June lows, followed by a three-wave set-back to 1704...

The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry?The latest data from the EIA estimates that...

The most recent edition of the Energy Information Agency monthly Drilling Productivity report confirmed what news reports had anecdotally told us. U.S. domestic shale production is on a decline, and...

Corn spiked higher in Monday's overnight electronic session, following the 4% drop in the USDA Crop Progress rating of corn deemed to be good-to-excellent. The spike was short lived as it brought...

Petroleum inventories are shifting surprisingly, at least according to the American Petroleum Institute. As we expected, crude supplies increased by a huge 3.857 million barrels. In contrast,...