Commodities Analysis & Opinion

2Q rebalancing of supply and demand is beyond the reach of even an expanded OPEC+ group production cut, suggesting oil will struggle for traction without a pickup in demand. Much hope was pinned on...

With all the recent headline news for oil, many have missed the trap on the daily chart for the WTI contract for June, which has been well and truly sprung following the dramatic price action on...

Yes, pigs can fly. Don’t believe me? Just look at those lean hogs futures and how they’ve taken off. And if you’re long live cattle, I can totally understand your frustration now in...

Silver is in what looks like a bullish flag. Original Post

Gold is building a higher base. Original Post

Natural gas: Going below support would confirm the double top on the hourly and give a measured target in the low 1,60s. Original Post

Unfortunately, for the already vulnerable U.S. Energy Market, the worst is still yet to come. As one energy analyst forecasted, we may see a negative $100 for oil. While this may sound totally insane,...

The oil market has been whipsawing around lately, culminating in negative oil prices. Despite this, the energy sector represented by XLE is the best performing sector since the low. When you take...

Oil pressure is growing as global storage fills up and OPEC fails to speed up production cuts. There are also criticisms directed at the CME Group for allowing negative oil pricing. Yet negative...

The gold futures contract gained 2.99% on Wednesday as it retraced some of its recent decline. The market got back above $1,700 level again. On Tuesday a week ago it was the highest since November of...

The message for gold bugs is clear – don’t panic. Tuesday’s volume and price action sent a clear signal of buyers moving in strongly on the day with a narrow spread down candle on...

The big news this week was that oil futures turned negative on Monday as the May contract for the American benchmark, WTI, was about to expire. This was not unexpected and reflected the fact that...

Natural gas bulls know a thing or two about negative pricing. They also know when it’s time for their fuel to make some hay — especially now, as the sun gets blotted out on gas’ more...

The oil market remains under serious fundamental pressure - a result of a catastrophic drop in demand due to the coronavirus pandemic, as well as an increase in supply, which was a logical outcome of...