Commodities Analysis & Opinion

Crude oil is currently trading higher, undergoing a sharp rally away from our corrective wave 4. Recently broken upper channel line indicates a completed fourth wave correction and wave 5 of five in...

U.K. threatened to quit the Brexit talks, while the Conservatives’ opinion poll lead dropped. What does it all mean for the gold market? We have understandably focused on political turmoil in...

API Energy Stocks & New Home Sales TodayThe Crop Progress and Condition report failed to sway the bears into any short covering, even with the heavy short positions the carry, and even with...

by Dr. Heinrich LeopoldIf you believe the recent surge in U.S. oil production suggests that good times are here once more, think again. While the U.S. oil industry continues to increase production by...

This morning in metals news, the strike at Freeport McRoRan’s Grasberg copper mine was extended for a second month, oil prices rose in expectation of supply cuts, and silver prices reached a...

Key Points: Silver prices could be about to hit a near-term peak. Overarching technical bias remains rather bearish despite the recent rally. We could sink back below the 17.000 handle during the...

Gold hovering just below quite strong resistance at 1264/65 which held perfectly last week. Yesterday we held minor support at 1251/52 perfectly but holding above 1255/56 today allows a test of strong...

A resurgent dollar in Asia sees oil and gold trade slightly lower, but they remain constructive in the larger technical picture ahead of event risk this week.Oil had a steady night with an upward bias...

Bullish and bearish targets for goldA Original post

Gold has been an incredibly interesting commodity to watch as of late. While the year 2017 hasn’t been a great year for the commodity thus far, the tides may be turning. In fact, last week, gold...

After touching the ascending trend line from 1180.51 to 1194.94 on daily chart, XAUUSD rebounded strongly to 1265. Further rise to test the resistance of the descending trend line from the July 2016...

Commodities are getting a boost since the US Dollar Index started to break down last week. Note that this is a tactical breakdown in the dollar, not a secular one.Crude oil rose 6% since last week....

Gold has moved higher at the start of the week. In Monday’s North American session, spot gold is trading at $1262.45 an ounce. There are no economic releases out of the US on Monday. The markets...

Gold futures grinded higher throughout the session as geo-political issues regarding the Trump administration and North Korea again have investors re-emerging on the long side of the market. June gold...