Commodities Analysis & Opinion

For the last year, copper and zinc prices have fallen by more than a quarter. Some days ago, the major commodities trader Glencore (L:GLEN) decided to sell its two copper mines that provide 2% of...

You’ve probably never given it any thought, but scrap metal is everywhere.Just picture a construction site after a large demolition. Or imagine your old, beat-up car that you traded in to the...

Natural gas price clearly targeting its decade low @ $2. Original post

Gold retraced to the upside during the Asian session and with opening of the European session, trading above 1170.00-1171.00 along with moving above moving averages.In fact, moving above this level...

Gold: With the commodity continuing to hold on to its downside pressure, further downside pressure is likely. On the downside, support comes in at the 1155.00 level where a break will aim at the...

Mario Draghi’s dovish comments Thursday led to a out-and-out rout in the euro, with the single currency falling over 200 pips against the US dollar and even further against previously...

The International Monetary Fund (IMF) is offering a warning and some friendly advice to oil-exporting countries, which is, get you act together! The Wall Street Journal reports that the IMF is warning...

This could turn out to be a bull flag that breaks higher fairly quickly, but I'm leaning more towards this being a move into a daily cycle low, as gold follows oil down. If that's the case, then they...

Gold has showed bearish tendencies due to trading below moving averages and below 61.8% Fibonacci at 1173.00. Trading below 1173.00 will cause a bearish action towards 1158.00 and 1154.00, while...

Although oil attempted to incline, movements are trapped below 45.40 and 46.00 and that is a negative signal. Moving averages cover the bearishness from the underside and that keeps the negativity...

In recent posts, we have discussed a potential precious metals breakout and a possible reversal in trend. After rallying pretty strongly for the last several weeks, the sector has now given up some...

Fundamental Analysis The bottom line is that OPEC is not going to hold any meeting before their own deadline unless we see a massive supply war between the Gulf producers. OPEC is out for blood and...

A new report finds that the largest oil companies are set to cut spending on exploration by at least half, potentially leading to very few new oil discoveries in the years ahead.The report from...

The crude oil price slump over the past year has been a painful experience for many producers, but OPEC’s strategy might finally be paying off as the cartel appears to be on the cusp of cutting...