Commodities Analysis & Opinion

Crude oil: The commodity continues to hold on to its upside pressure leaving risk of more strength on the cards. This development now leaves risk higher its overhead resistance located at the 50.90...

The oil price is currently trading just below the major psychological 50.00 level. It also coincides with the seven-month high and the upper boundary of a possible rising wedge formation. My current...

Silver has fallen relatively strongly over the past few weeks as sentiment in the precious metal has continued to swing in line with the Fed’s rate hike rhetoric. However, despite the recent...

Gold inclined, touching the previously breached support at 1230.00 after finding support near 50% Fibonacci at 1219.00. The general bearishness persists due to trading below moving averages and ADX...

Oil inclined, touching 50.00 levels, which is a psychological resistance that will be followed by 50.90. The bullishness remains favored based on moving averages and ADX, while overbought signs...

On Wednesday, the People’s Bank of China weakened the yuan/renminbi to its lowest level in five years. The actual cut was small: only about 0.34%. The Chinese yuan closed 0.2% weaker on Tuesday...

A lot of analysts think that $50 a barrel oil is as good as it gets for 2016. We think there is a substantial short squeeze coming in the oil market as we take out $54 a barrel over the coming months....

It’s time for a short term bounce in gold, but don’t be fooled, the intermediate degree correction isn’t done yet. Gold has to generate at least one failed and left translated daily...

From a technical, fundamental and seasonal perspective, the current gold-price correction is exactly what the doctor ordered. Note the position of the Stochastics oscillator at the bottom of the...

OPEC’s June meeting, scheduled to take place in Vienna, Austria on Thursday June 2, is still more than a week away, but the strategic political posturing by major oil producers is already...

Copper prices edged up on Tuesday as International Copper Study Group reported the global copper fell in February to 24 thousand tonnes from 51 thousand tonnes in January. In the first two months of...

Hip To Be BullishIt is suddenly hip to be bullish crude oil again. Bearish calls that oil could crash to $10.00 a barrel seem be off of the table. Talk that oil would never exceed $40.00 a barrel ever...

Bullish API Data Moves Crude OilThe API data showed bullish data on Crude oil, Distillates and a bearish number on Gasoline and the market took notice. Also bullish, Royal Dutch Shell (LON:RDSa)...

It’s been another everything-is-grinding-higher (except gold, of course) night session, although crude has lost some of its earlier verve after yesterday evening’s API report.The next...