Commodities Analysis & Opinion

The dominant construction on the Cotton chart continues to be the completed 24-month double bottom on the weekly Cotton chart. The targets of this bottom are 79.10 (the measured move) and 95.10 (May...

Key Points: Crude Oil Breaches 200-Bar MA. Downside risks dominate. Bearish MA crossover. Crude Oil has had a relatively rough week as prices have continued to decline steadily towards the $40.00...

Some commentators have been anticipating a “commercial signal failure” in the gold market for more than 15 years. Moreover, whenever the gold price experiences a large rally, the same...

Both gold and silver have popped above their July resistance lines at $1321 and $19.85 and have held recent gains.Their price structures seem poised for upside continuation -- as long as recent...

Last week was marked by a sharp drop in prices in the energy market. WTI crude, Brent crude and diesel fell 3.55%, 5.05% and 3.54%, respectively. On Friday, July 29, WTI and Brent were trading at...

Plenty of Reports This Week to Start MonthGood Morning! This morning we start out with Construction Spending and ISM Manufacturing Index at 9:00 A.M. followed by weekly Export Inspections at 10-:00...

The chart below looks at crude oil over the past 30 years. As you can see, crude has traded inside its rising channel (A). Crude oil is down over 15% in the past month. Was this the result of a...

This article aims to provide price forecasts for commodity futures for August 05, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 01, 2016 to...

Last Friday, crude bounced from its low at 40.50 (.20c below 162% extension level where we bought) and tested 41.40, but not as clearly as to be considered as a bottoming sign, and this leads us to...

Crude oil prices are tumbling as fears about over supply in an uncertain global economy grabs the spotlight. Even reports of ISIS attacking oil and gas facilities in northern Iraq was not enough to...

Gold shot higher to 1355 on Friday and has pulled back to 1349 in the bull trend this morning. Getting a little overbought but the outlook remains positive, so any weakness is a buying opportunity....

Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them.Human behavior tries to...

It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than a happily married couple always seen nuzzling...

Gold price pushed above $1,350 on Friday after the weak GDP numbers announced for the US economy. With dollar weakening, gold price spiked above short-term resistance and reached $1,356. Despite being...