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Commodities Analysis & Opinion

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Peter Grant
Russian Default Risk Rises
By Peter Grant - Jul 29, 2014

Gold has slipped back below the $1300, on better than expected U.S. consumer confidence. However, the tone remains broadly consolidative ahead of the two-day FOMC meeting beginning today and more ...

Jason Sen
Crude Outlook Turns Negative
By Jason Sen - Jul 29, 2014

WTI Crude outlook is more negative this week as stated yesterday and prices retested support at 101.10/00 as expected. We bottomed almost exactly here at 100.90 but if we continue lower this week ...

Kenny Fisher
Gold Firm As Markets Eye Fed Policy Meeting
By Kenny Fisher - Jul 29, 2014

Gold is steady on Tuesday, as the spot price stands at $1307.47 late in the European session. On the release front, it's another quiet day, highlighted by CB Consumer Confidence. The markets are ...

Gregory W. Harmon
Crude: Preparing For A Gusher Or A Flood
By Gregory W. Harmon - Jul 29, 2014

Crude Oil comes in two varieties, West Texas Intermediate and Brent. Here we mainly use WTI so you do not hear a lot about Brent. But through Europe it is big. The ETF for Brent, United States Brent ...

Tim Knight
Crude Oil: Is The Next Leg Down?
By Tim Knight - Jul 29, 2014

I haven’t traded Oil in a long time, but I am newly-intrigued by this United States Oil Fund (NYSE:USO) chart. It looks like the most likely path is downward:

Barry Norman
Metal Traders Leary As Global Tensions Rise
By Barry Norman - Jul 29, 2014

Gold gained $2.00 to trade at 1307.80 but continues to move between small gains and losses as the world situation simmers at the boiling point. There were mass murders in Bagdad yesterday as the US ...

ICM Brokers
Soft US Housing Data Supports Gold Prices
By ICM Brokers - Jul 29, 2014

Crude OilDisappointing data out of the U.S. housing sector coupled with waning fears that conflicts in the Middle East were threatening global oil supply sent crude futures falling on Monday. Crude ...

Jason Sen
Brent Crude: Directionless And Range-Bound
By Jason Sen - Jul 29, 2014

Brent Crude direction-less and in a range for 9 days now, perfect day-trading conditions! The 200 day moving average has provided the support at 106.85/75. Below 108.00/90 ensure prices stay in the ...

Doug Short
Gasoline Price Update: Down Another 5 Cents
By Doug Short - Jul 29, 2014

It's time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, Regular and Premium both dropped another five cents, the fourth week...

Arnaldo Luiz Correa
Sugar Market Closes Week At A High
By Arnaldo Luiz Correa - Jul 28, 2014

The futures Sugar market in NY closed this Friday at a high compared to last week. October 2014 closed at a 17-point high (3.75 dollars per ton) quoted at 17.14 cents per pound. All the other months ...

Trader MC
Gold: Elliott Wave Projection Since 1970
By Trader MC  - Jul 28, 2014

The market movement unfolds in waves that reflect human nature that does not change. The Elliott Wave Principle is made of motive and corrective waves. Waves 1, 3 and 5 are impulse waves as they move...