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Commodities Analysis & Opinion

Gold Drifts Lower; Crude Breaks 4-Month Uptrend
By Dailyfx  - Jul 31, 2014

US Dollar Tags 4-Month High as Rebound Gains Traction Prices continue to advance as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above ...

Kenny Fisher
Gold Flat Ahead Of Unemployment Claims
By Kenny Fisher - Jul 31, 2014

Gold prices are steady on Thursday, as the metal continues to trade close to the $1300 level. In the European session, the spot price stands at $1295.01 per ounce. In the US, today's highlight is ...

Barry Norman
Crude Oil Falls Under $100
By Barry Norman - Jul 31, 2014

U.S. crude oil fell under $100 on Wednesday putting the contract on course for its steepest monthly slide in nine months, as concerns over weak demand rose while fears over supply shortages in the ...

Barry Norman
Gold Continues To Tank
By Barry Norman - Jul 31, 2014

Gold tanked on Wednesday falling to the low 1290 level before recovering a few dollars to end the day at 1296.90 but gave back again this morning to trade at 1295.70. Traders were surprised with the ...

Jason Sen
Brent Crude Outlook Remains Negative
By Jason Sen - Jul 31, 2014

Brent Crude was expected to break 200 day moving average to the downside sooner rather than later. Right on cue prices broke 106.85/75 yesterday and crashed towards our lower target and the July low ...

Jason Sen
WTI Crude Pressure Remains To The Downside
By Jason Sen - Jul 31, 2014

WTI Crude went for at resistance at 101.70/80 for our selling opportunity and topped almost exactly here at 101.67. This trade worked perfectly as pressure remained to the downside as predicted and ...

Jason Sen
Nat Gas 820/25 Target Was Hit
By Jason Sen - Jul 31, 2014

Natural Gas September contract in a holding pattern above strong 200 week moving average support at 3715/05. Our 3820/25 target was hit again yesterday and held. Above 3795 allows at retest of ...

Jason Sen
Gasoil Outlook Is Negative
By Jason Sen - Jul 31, 2014

Gasoil unable to challenge strong resistance at 899/901 but holding 887/886 support. Outlook is negative and a break lower is more likely today. Be ready to go with a break to target 878/877 for a ...

Oil Slips On Weak Demand
By ICN.com  - Jul 31, 2014

The prices of oil drifted lower on Thursday for a fourth straight session, after an official weekly oil report from the Energy Information Administration (EIA) showed U.S. crude stockpiles have ...

Gregor Horvat
Oil: Looking For A Move Back To 98.65
By Gregor Horvat - Jul 31, 2014

Crude oil made the sharpest leg down yesterday since market turned bearish from around 103.30 area. A sharp and fast waves are typical for third legs within impulses, so we suspect that trend will ...

ICM Brokers
Crude Drops On Fresh EU-Russia Sanctions
By ICM Brokers - Jul 31, 2014

Crude OilA U.S.-European decision to slap fresh sanctions on Russia for allegedly meddling in Ukraine sent crude futures falling on Wednesday, offsetting otherwise bullish U.S. growth and inventory ...

Alex Gurr
Are $100 Barrels In Oil's Future? Not Likely
By Alex Gurr - Jul 31, 2014

Oil charts are really interesting if you are into technical movements, they seem to swing wildly on a variety of news, but they also seem to show great pattern and for the most part obey key rules ...

Stuart McPhee
Gold Is Threatening To Stay Below $1300
By Stuart McPhee - Jul 31, 2014

Gold for Thursday, July 31, 2014 In the last few days gold has been easing lower and placing pressure on the support level at $1300 which may be about to give way.  Over the last few weeks the $1290 ...