Commodities Analysis & Opinion

Gold lower as predicted and bottomed almost exactly at the lower target of 1213. Oversold and we should have taken profit by now so we wait for the next signal. To ease oversold conditions we could...

WTI Crude failure to beat minor resistance at 5315/10 re-targets 5285/80 before a retest of the January lows of 5255/45 and probably the best support for today. Longs need stops below 5225. A break...

Short term Elliottwave view in Crude Oil suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. The decline starting...

Below you can see my charts on gold and you can figure out what I see and expect. A few months ago I said that a pull back to $1,120 would be a gift for bulls. Same again.This pull back is a gift in...

On Friday, Fed Chair Janet Yellen delivered a speech entitled “From Adding Accommodation to Scaling It Back” at the Executives’ Club, Chicago, Illinois. What can we learn from...

Next resistance and support levels for gold: source: Investing.com

Gold has Confirmed the Red Price Channel and is In Its Critical Decision Wave for Starting a Bottom vs Breaking Out Into a Meltdown. Gold has confirmed a price channel (red) for its breakout from the...

Gold has been in a persistent downtrend since 2011. Failed rallies have added up, taking its toll on precious-metals bulls. 2017 has once again seen precious metals rally and we are back at a key...

Crude oil in USD continues to fluctuate within the range established since December. While this zone has held for several months, a technical breakout is becoming more and more likely. Some of the...

It’s starting to look more and more like the intermediate cycle for precious metals has topped. During the declining phase of an intermediate cycle, the RSI (5) tends to stay oversold for long...

Good Morning!Could it be turnaround Tuesday? As the FED made it pretty clear, they will raise rates on the Ides of March, next Wednesday, the 15th of the month. This morning we have U.S. Trade Balance...

The volatility in the crude-oil market is at a 28-month low but that complacency in the market may be short lived as the International Energy Agency warns of looming oil supply shortages over the next...

The last few days of February 17 showed that gold short term uptrend was coming to an end and couldn't completely brake the 61.8% fibonacci retracement from the last weekly downtrend. From there, The...

Natural gas futures price seems to be consolidating in a strong supporting zone what it crossed with a gap up opening on March 5th, 2017. Consolidation in a gap zone, especially, since it has already...