Commodities Analysis & Opinion

During the last stock-market top in 2007-2008, the price of natural gas completed a basing pattern (bottom) and broke out and had a massive rally. Will that happen again this time around?Based on the...

Senior Market Analyst Craig Erlam gives an update on oil following comments from the Saudi oil minister and reflects on today’s economic data.

Oil: Flat-Topped Megaphone (Red) ScenariosCrude oil has a flat-topped megaphone (red) on its chart as well as other megaphones. If it fails to make it back to the red megaphone neckline, the target is...

Last week, the World Gold Council (WGC) released a market update entitled “Failed Monetary Policies Lift Gold”. What are the main conclusions of the report?The price of gold rose by almost...

Oil has Completed and Broken Out of a Rising Wedge (Blue) Oil has completed and broken out of a rising wedge (blue on chart), retested its bottom, and already dropped to the wedge retrace target. It...

Is This Year Different?A year ago today the Bank of China shocked global markets by devaluing their currency and helped set up the environment for an oil market crash. The market had already been...

US futures are pointing to a slightly higher open on Thursday, tracking similar gains across most of Europe as traders eye the latest economic data and movements in the oil market.At a time of...

Gold appears to be trading sideways in a triangle pattern. Lower trend line support at 1338/35 is important but longs need stops below 1330. A break below 1332 is a sell signal and targets 1328/27,...

Gold (11.08.2016) continued consolidating from the last four weeks and is thus producing a triangle pattern, indicating the current upside move will continue in the coming weeks.As we can see on the...

The bottom line is that the only way the oil market rebalances in the near future is if Saudi Arabia cuts Oil Production. They are realistically the only party that can pull this production cut off...

Gold: After gapping up yesterday, Gold sold off for the rest of the session indicating lack in direction and choppiness. It may take a few sessions for Gold to figure out which direction it is headed...

September Crude Oil broke down during the overnight session trading down to 42.08 as traders pressed price lower on follow through selling off of the API report from Tuesday afternoon. Saudi Arabia...

The corn market has somewhat stabilized in the last week despite impressive condition ratings. As private crop tours continue to show for the most part impressive yields, demand has picked up near...

The article aims to provide forecasts for commodity prices (World Bank’s Pink Sheets) for August 2016. The Pink Sheet is a monthly statistical report on prices of major agricultural commodities:...