Commodities Analysis & Opinion

The big question this week is whether supply disruptions will make a dent in the oil market’s ever-present global supply glut.The answers in a nutshell: disruptions in Nigeria, Canada, and Libya...

In April this year, the commodities market saw some very good fortune.The S&P GSCI Index soared by 10.1%, and 20 of the 24 components rose in value – thus making it the second-best April on...

Gold showed volatility between main support line and above moving averages below 1281.00. RSI is neutral above 50.00 although ADX shows bullishness ahead of 1281.00, so we will be neutral today,...

Oil stabilized above 88.6% Fibonacci at 48.05, which may cause additional upside movements. ADX remains bullish although RSI reflects overbought case. Trading above 48.05 will make us neglect the...

Gold bulls tried to break above the trend line resistance yesterday at $1,290 but got rejected. The price remains above the critical support of $1,260 but yesterday's rejection is an important...

Consolidation and loss of momentum for gold seems very likely here. Original post

Corn first resistance at 3 week highs at 394/396 is the main challenge for bulls again today. A break higher is more positive and targets 399/400 then April highs at 407. Failure to beat first...

Technical analyst Jack Chan reports that although gold speculation is at an all-time high, the gold price has not followed suit. Speculation in gold remains at an all-time high this week. Despite the...

June Crude Oil continued its journey higher yesterday, after resting on Friday. It made another new high for the year reaching 47.98 as supply disruptions continue to affect the market. With Canada,...

You’ll notice that gold and silver are a bit more volatile of late. This is what happens when you have buyers and sellers in conflict with each other. It should also precede the next move in the...

Gold has been trading very difficult these last trading days by erasing all gains in a very complicated wave structure. We have been writing that Gold is trading in an Ending-Diagonal wave structure...

This year’s first quarter is one for the history books. Not only did gold appreciate at its fastest pace in 30 years, but demand for the yellow metal was the strongest it’s ever been on...

Weather MarketThe weather outside is frightful for May. Buildings switching heat to air conditioning are feeling the heat from complaints. No pun intended, but this type of weather will not give...

I wanted to update as prices are breaking short-term downtrend lines, suggesting a temporary or common cycle low may be in for precious metals.If this is the case, prices will rise for a few days,...