Commodities Analysis & Opinion

Trade Ideas for Thursday 15th February 2024 Gold XAU/USD held a $12 range as we consolidate after recent deep losses. Although we dipped below 1987 we only reached 1984. I feel comfortable trading in...

WTI futures retreat after testing 200-day SMAPattern formation resembles a double topMomentum indicators weaken but remain positiveWTI oil futures (March delivery) had been staging a comeback after...

Somehow oil and petroleum products become Inflation-Proof when the supply side starts to drain. The consumer price index came in hotter than expected at 3.1% in January. The core rate came in at 3.9%,...

After analysis of the movements by the gold futures since Feb. 2, 2024, I find that the big bears finally attacked on Feb. 13, 2024.This fall was evident enough to keep the trend downward for a long...

Yesterday’s stronger-than-expected US CPI print put significant pressure on gold, while oil managed to edge higher with signs of some tightening in the marketEnergy - OPEC Continues to Expect...

Trade Ideas for Wednesday 14th February 2024 Gold XAU/USD tested resistance at 2023/26 and below 2029 keeping us short. Gold collapsed on the CPI release and immediately broke support at 2013/11 to...

US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this...

SPX Monitoring purposes;  Long SPX on 1/18/24 at 4780.94.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38% Monitoring purposes GOLD:  Long GDX (NYSE:GDX) on 10/9/20 at 40.78. Our gain...

As soon as the International Energy Agency (IEA) tells you that they are comfortable with the global Oil supply outlook, it is time to worry. Oil prices are rising as the IEA which raised their demand...

Gold prices remain elevated but have yet to record the major breakout that gold bulls are looking for.Today, we revisit an important Gold ratio that we have been following for months: the Gold to U.S....

Oil prices closed marginally lower yesterday. However, gasoil cracks remain firm, suggesting a tight middle distillate market. Natural gas prices came under pressure on the back of forecasts for...

Gold has been trading in a narrow range so far this year amid a lack of clarity surrounding the timing of the US Federal Reserve's monetary policy easing cycle. Higher borrowing costs are typically...

Gold prices have remained stable despite a hawkish Fed. Meanwhile, silver price forecasts for this year are anticipating a big spike in demand. So, will grey metal be a better option for precious...

Trade Ideas for Tuesday 13th February 2024Gold XAU/USD broke the support as we wait for US Core Inflation Rate on Tuesday.  We should therefore have resistance at 2023/26 and shorts need stops...