Commodities Analysis & Opinion

Gold performed really well in the first quarter of 2017. As the chart below shows, the rally started at the end of December 2016. The yellow metal bottomed at $1,125.7 on December 20, just a few days...

Crude oil climbed higher this morning, posting a fifth day of gains. The commodity is up 1.66% at $52.55 per barrel.The rally came after US President Trump launched missiles against Syria in response...

Counterintuitive MovesSomething odd happened late in the day in Wednesday’s trading session, which prompted a number of people to mail in comments or ask a question or two. Since we have...

Natural gas has been rallying since forming a low on 2/22 (2.523). Rally is unfolding as a WXY or double three Elliott Wave Structure where wave W completed at 3.089 and wave X completed at 2.882. Up...

The head of aluminum for Rio Tinto Group (LON:RIO) is making a bold prediction: prices for the metal are heading for an “extremely” volatile crossroads.According to a recent report from...

The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line with both Brent and WTI testing resistance.The situation remains fluid in Syria at the moment as the...

Natural gas futures price movement since the announcement of weekly inventory seems steady enough for maintaining the continuity of an uptrend in the days ahead. On analysis the natural price movement...

Silver made a Bearish Pattern near the resistance line showing there may be a sell-off in the near term till the levels of $17.29. As shown in the figure silver made green candles on the consecutive...

The New Doctor of DoomIs Speaker of the House Paul Ryan the new doctor of doom? Once again, the speaker of the house changed the markets course just by opening his mouth. The last time was March 22nd...

Initial Jobless Claims and Export Sales at 7:30 A.M. followed by the EIA Gas Storage and the announcement of corporate layoffs.On the Grain front we have a mixed bag of tricks this morning with...

Key Points: Near-term slip is forecasted if the current resistance level holds firm. Technical bias is near-term bearish but long-term bullish. Fundamentals should inspire a rally after the forecasted...

There’s no question that it’s been a tough time to be an oil investor.After hitting $112 in 2014, prices dropped to $26.21 in 2016 — a 76% decline. Then, after prices nearly doubled...

Natural gas: Giving the correction scenario higher probabilities. Bearish flag and October top resistance. Original post

Crude: Multiple resistance on the daily. Neutral after the recent runup Original post