Commodities Analysis & Opinion

Oil futures found a breather after the major oil kingpins announced their support on the output freeze last Monday. Saudi and Arabia finally agreed to cut their respective output in the midst of a...

Gold is Back at its Blue Triangle Top Gold is back at its blue triangle top. I can practically guarantee that it will break that line. If gold quickly reenters the blue triangle after breaking the top...

Last week the price of WTI remained almost unchanged at $44.84/bbl. On September, 1, the price of crude plunged to its weekly bottom of $43.5/bbl. The resistance level is now located at $46.5/bbl,...

Gold: Way to new multi-year highs is openOriginal post

Since last week, I warned gold bears that gold was about to make a strong rally towards at least $1,330-40. Yesterday we saw gold price break above $1,350, but the most important is the structure of...

With a correction in progress, technical analyst Jack Chan charts the indices precious metals investors should be watching. SPDR Gold Shares (NYSE:GLD) is on sell signal. iShares Silver (NYSE:SLV)...

Gold has a rough general tendency to decline ahead of the monthly US jobs report, gyrate wildly when the report is released, and then rally modestly higher for another one to three weeks. The cycle...

October Crude Oil spiked higher to 46.53 during the Labor Day holiday as Russia and Saudi Arabia announced they were going to meet and discuss stabilizing the crude oil market. The meeting was a dud...

Both gold and silver were on the move higher Tuesday, with some tailwinds from a considerably weaker USD, precipitated mainly by weaker-than-expected ECO Data from the ISM Non-Manufacturing data on...

Good Morning!Russia and Saudi Arabia agreed that they will set up a working group to monitor the oil market and come up with recommendations to promote more stability in price swings ahead of the...

Crude oil prices pop on reports of Saudi Arabia announcing what Russian oil minister Alexander Novak calls a ‘historic” agreement. The world’s two largest oil producers have a deal...

On its 9-month chart below, we can see that silver broke down from an intermediate top -- as expected -- toward the important support shown. But Friday's rally suggests the metal may not drop that far...

Gold is facing the long-term downtrend line on the weekly.Original post