Commodities Analysis & Opinion

The API weekly inventories reported crude supplies had risen at 9.3 million barrels. These astonishing numbers do not really add up with rig counts and production crumbling before our eyes. This...

I never heard a formal name for this pattern but I see it a lot. The price falls in a long downtrend, finds support and bounces. The bounce is short lived, like a Dead Cat Bounce, and the price falls...

GoldMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1190, which will be followed by reaching resistance level...

Gold trades below the minor resistance of 1189.00 and that would bring bearish pressures, despite continuous attempts to breach this resistance towards 1199.00 or rather 1200.00 psychological. In...

ADX overlapped bearishly and that supports the negative crossover on moving averages, but at the same time, oil trades near 46.00 regions. A breakout below 46.00 will extend the bearish wave, as that...

On August 3, the Obama administration unveiled its Clean Power Plan, which will require the nation to source significantly more energy from renewable sources by 2030.That’s a tall task, but the...

Fundamental Analysis The US retail data have taken all the singing and dancing away from the US dollar, which is under heavy selling pressure and hence we are experiencing another massive upward move...

Lead prices broke short-term resistance levels on Friday. The move was in heavy volume, indicating that many investors are participating in the move. Prices stalled during the next two days but did so...

It has been a while since I have written anything close to being considered a "rant". Instead, using cool and common sense logic of connecting dots for readers has been my method of choice. Over just...

Bullion extended gains the fourth consecutive session on Wednesday, reaching a fresh three-month high at 1175.96 US Dollar amid signs of a weakening economy of China.“Weaker Chinese data has...

More Earnings and Reports TodayGood Morning! We are getting bank earnings this morning and at 7:30 A.M. we have Business Inventories, PPI and Retail Sales. And at 3:30 P.M. we have the weekly API...

Well ‘a bless my soul what's a wrong with oil? It's itchin' like a man with a festering boil. The trading is actin' wild as a bug. It’s confused, it’s all shook up! Mixed signals is...

Markets concerned by probable cotton deficitThe cotton prices hit the high of three weeks after the US Department of Agriculture (USDA) downgraded its production forecast. The additional factor...

From the 1168 close, gold trades in a 1056.34 – 1371.38 range. The wide variation derives from gold’s location as current prices trade between the 10 and 15 year averages. Neither average...