Commodities Analysis & Opinion

Chinese oil imports surged again in August to the equivalent of 7.77 million barrels per day (mbpd). That was significantly more than July’s pace of 7.35 mbpd, and up an astounding 1.5 mbpd from...

The US has imported crude oil for many decades. The following data (1970 – 2015) comes from the Energy Information Administration of the US government. This data shows reported barrels of crude...

October crude oil tested support at the 50 DMA (44.96) on Monday, September 12, 2016, trading down to 44.72 and then turning around and rallying to 46.51 as Equity markets rebounded on dovish comments...

The much awaited Jackson Hole speech by the Fed Chair Janet Yellen and the subsequent nonfarm payrolls data, failed to ignite the prospects of a rate hike this September of 2016. The market now...

Bottom line: Unless and until Oil breaks below $43.00—the September 1 low—my medium-term pattern and momentum work argue that all of the action off of the June high at $51.67 represents a...

A few weeks ago, I shared with you what I brought home from my trip to Toronto, Vancouver and New York City, where I had met with gold fund analysts. The current gold bull run began in January, but as...

The gold price is down for a fourth consecutive day today as the market awaits another speech by a Fed board member which may shed more light on whether there will be a rate hike in America next week....

The article aims to provide price forecasts for commodity futures for October 01, 2016. The tables below show the monthly commodity futures prices in US dollars over the period from May 2016 to...

A month ago today, we noted that silver and gold were facing important resistance tests and that both could fall hard if those resistance levels held. Silver was moving stronger higher off lows hit...

Last week, Saudi Arabia and Russia caused a spike in oil prices at the G20 summit. Oil ministers from the two countries met privately on the sidelines of the meeting to discuss stabilizing the oil...

Positive outlook, but gold needs a breakout from the bullish flag to entice new buyers Original post

Crude Oil: $44 will be an interesting entry point to watch Original post

Gold price has declined towards $1,320 and has reached so far as low as the 50% Fibonacci retracement of the rise from $1,302 to $1,353. Price is still trapped inside the $1,300-$1,375 range while...

WTI Crude oil headed lower exactly as predicted and the 4775 high was the top as expected. We broke 4665/60 to bottom just 6 ticks from our buying opportunity for the day at 4550/40. However further...