Commodities Analysis & Opinion

The gold futures contract lost 1.62% on Wednesday, as it retraced some of its recent advance. The market broke above the short-term consolidation and it reached new medium-term high last week. On...

Stop the world; the oil process wants to get off. Oil prices got crushed as supply data and economic data was a stark reminder that the world has stopped. Not only did weekly crude supply see...

Thursday Forecast, April 16Uptrend An uptrend will start as from support level 19.77, as crude oil rises above resistance level 20.60, which will be followed by moving up to resistance level...

Yesterday it was gold in the spotlight, today it’s silver and whilst the move higher for the industrial metal is less dramatic, nevertheless, the bullish momentum of the last few weeks...

Sell the front, buy the back. The classic trade developing in natural gas — or, for that matter, in oil or any commodity with a hopeless immediate outlook now — is creating a...

Silver cannot take out the highest Fibonacci resistance. Original Post

Crude oil “bottom buyers” are not showing up. Original Post

Natural gas trapped inside this price channel on the hourly chart. Original Post

Below, some very long-term charts for the PM complex which I use to look at the big picture and big reversal patterns. I like to use the quarterly line chart as it takes out much of the noise a...

Brazil has suspended its 17th licensing round which would have seen the state oil regulator ANP offering 128 offshore exploration blocks throughout the country, fearing that the plummeting oil prices...

Time to revisit everyone’s favourite metal, namely gold, and regular readers of my analysis will know I was bullish on gold when it was trading around the $1,664-per-ounce region, and the reason...

This March, market participants await the USDA monthly report as eagerly as ever before. The approaching coronavirus pandemic stirred up the uncertainty on the markets. The official predictions should...

Gold prices saw technical selling pressure today following strong gains on Tuesday, a fourth consecutive session of gains. Despite the pressure, the yellow metal remained above the key $1,700 an ounce...

It’s the question reverberating across the gold universe: With the yellow metal well past $1,700 an ounce, is $1,900 and a new record high happening this year?Before we get to even that,...