Commodities Analysis & Opinion

It’s been another volatile week for the markets, which has kept investors very much on edge and unsure about what surprises the weeks ahead will bring.In many ways, this has been a week of...

On August 5 last year I forecast that oil would hit $32 or a bit lower by January.And it’s happened right on cue! Along with iron ore and coal (down 70%-plus), oil has been one of the...

On the face of it, China’s record iron ore imports last month suggest the uptick in prices during the month wasn’t an aberration.But even though December’s strong import figure of...

While most of the energy sector focus is on oil (/cl), it’s the gasoline futures (/rb) which are nearing the next big level. Zooming out to the monthly chart on /rb, we see that price has...

Record Supply and Record ImportsOil was a tale of two stories, record demand and record imports. Oil had rallied after China reported record demand and the U.S. reported record petroleum products in...

Synopsis: The Federal Reserve’s December interest-rate hike was actually the end of the Fed’s tightening cycle that began with the first taper talk several years ago. The Fed will be...

USDA report came outThe USDA released the grains report where revised down the corn and soy harvest estimated and the wheat planting acreage. Will the soybeans continue gaining in price? The US corn...

The U.S. dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior?The London spot price of the shiny metal, in U.S....

Gold moved higher yesterday, trading above moving averages 20 and 50, which is a good signal for bulls. Weakness in uptrend is seen on ADX, while RSI stopped moving upwards above 50.00. We will be...

Oil attempts to incline, influenced by stability above 30.00 psychological and above the technical support of 29.60 that meets 161.8% Fibonacci. RSI shows oversold signal and need a relief, but ADX...

Crude Oil has Formed a Megaphone Bottom (Blue) within its Red Falling Megaphone Oil has formed a megaphone (blue) within its red falling megaphone, which is the last wave down of a big falling wedge...

Last month, the Federal Reserve confirmed what many expected with regard to increasing the base interest rate. The US Federal bank rate was doubled from the previous 0.25% to 0.50% in an event that...

Inventory ReportToday we had another bad inventory report, and this is to be expected as we are in the weak period for the oil market, from a seasonal demand and refining demand standpoint. I am not...

The implications of this 60 year quarterly chart for the CRB index is staggering if it completes this impulse move down which so far has been working out beautifully. Again on this massive time scale...