Commodities Analysis & Opinion

Thursday's price action left behind important short-term clues on the chart. Who will use them to their advantage?Technical Picture of Crude OilBriefly: in my opinion, no positions are justified from...

Precious Metals surged today led by Gold’s 2% gain to $2096. It needs to clear $2100 convincingly to confirm an epic breakout.Gold’s 4-year handle has two cup and handles within it, which...

Natural gas storage capacity hasn't increased at a pace with production, which has been soaring in the past decade. Adjusted for inflation, natural gas prices slumped last week to their lowest level...

Natural gas prices could be bottoming. From October 9th, 2023, when prices in futures traded at 3.325 until February 20, 2024, when prices troughed at 1.60, natural gas prices fell nearly 60%. Plus,...

Oil prices hit a three-and-a-half month high, yet the oil products flopped in hopes that refiners may be able to meet current demand. Even as gasoline demand hit a three-week high, distillate demand...

America continues to build up its oil reserves, albeit at a relatively slow pace and from a low base. Last week, commercial oil inventories rose by 4.2 million barrels. About ¾ million barrels...

World record corn harvests have led to a decline in prices. Meanwhile, soybean prices are approaching 2021 lows. Ukraine and Russia's pricing advantage gives them an edge in the global wheat...

Fresh highs, resistance lines, and similarities. What are the implications?Bulls Push XOI to New HighsIn yesterday’s article I shared with you my ideas for scenarios regarding oil movements. But...

While OPEC signals to the market that their production cuts will be extended and signs that Chinese oil demand will continue to rebound, today the market is pulling back on a rising dollar as the...

With Thursday’s US PCE report dead ahead, whipsaw action could be a big gold market theme this week. Having said that, a significant rally appears imminent. OUNZ) ETF (gold bullion proxy) chart....

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Since I wrote my last analysis, Gold bulls tried hard to strengthen their position after last Friday’s bumpy move by the gold futures, hitting a high at $2053, continued to remain in a tight...

By Clint Siegner, Money Metals ExchangeSilver has languished despite its persistent structural deficit between silver’s supply versus demand.The metal is increasingly difficult to find and...