Commodities Analysis & Opinion

Crude oil price is trying to rise again, but this rise is still limited in the levels below 48.30 resistance level, and any trading below this level will keep the possibility for extension of the...

Gold price fell during the Asian session today, after failing to achieve a breakthrough above 1332.00 resistance and stability above it yesterday. In addition, signs of weakness on both RSI and ADX...

Crude OilShort-term Elliottwave structure suggests cycle from 6/9 peak remains alive as a double three where wave W ended at 45.83 and bounce to 50.54 ended wave X. Wave Y lower is in progress with...

Falling global demand for commodities has led to steep declines in their prices, but savings are being offset by higher demand and wages for a dwindling pool of skilled construction laborers in the...

Last week has been very volatile while investors were waiting for the final results of the Brexit vote on Thursday in the United Kingdom. WTI traded above USD 50/barrel in the middle of the week,...

This could be the year that the mainstream investor finally pushes the gold market over the edge. While a fraction of investors continue to acquire a lot of physical gold, the mainstream investor is...

The roulette game started in the fall of 2014, about 2 years after Chairman Xi Jinping came to power and became the General Secretary of the Communist Party of China.Xi Jinping had campaigned for...

Rains make grains and floods alike, and the wacky weather we experienced this weekend was no different, with more than ½ of the state of West Virginia in a state of emergency with terrible...

What Did We Just Do?Regrets? They Have a few? The hangover continues from the Brexit vote and global markets have a headache. While crude oil is trying to shake off the Brexit shock, it is having a...

SMA 50 located at a price of 46.85 stops crude oil price from achieving more bearishness. However, trading below 48.35 will make us keep our bearish expectations. From the downside, breaking 46.85 and...

Gold price is trying to achieve a further rise, benefiting from stability above the psychological level of $ 1300.00 and above 113% Fibonacci located at 1317.00. Trading above 1317.00 will be a cause...

Gold has probably peaked for the year. Not necessarily in USD terms, but in terms of other commodities.In fact, relative to the Goldman Sachs Spot Commodity Index (GNX), the peak for this year most...

Last week, my article on the Saudi Arabian oil and solar outlook, Saudi Arabia’s Solar Planning Is Paved in Oil Production, certainly shook up a hornet’s nest in the Twittersphere.In the...

Whatever you may think of the merits of Britain’s decision to leave the European Union, and you’d be hard pressed to find any of those merits, one early casualty is likely to be the...