Commodities Analysis & Opinion

Gold's price has broken out to higher highs, but expect some consolidation and backing and filling before it breaks above the 200DMA.As predicted, everyone started calling a top yesterday when the...

How the mighty have fallen! Last week, one of the world’s commodities giants, Glencore (L:GLEN), experienced a major blow.On September 28, its stock collapsed by 30%. The reason? The...

Gold price broke above the short-term resistance and previous high of $1,170, confirming the uptrend on the chart. The level of $1,200 is my target area plus or minus 10$. I do not believe that gold...

The recent copper price rebound may have been an aberration, as the latest news has all base metals falling in tandem with weaker than expected September Chinese import data.The Wall Street Journal...

Gold inclines, stabilizing above 61.8% Fibonacci at 1173.00, which is a very positive catalyst and would bring a bullish wave towards 1199.00-1200.00 respectively. The resistance of 1189.00 could be...

Oil continued to decline, approaching the previous broken resistance at 46.00, while negative signs appeared on moving averages. These signs on ADX and RSI remain weak. We need a break below 46.00 to...

Prices on oilfutures dropped sharply on Monday as data showed that OPEC’s output rose by 109,000 barrels a day in September to 31.57 million barrels a day, the most since 2012, according to its...

After a five-week period of consolidation, energy prices finally broke through the upper bound of their trading range. Oil left a range of US$43 to US$48, even rising close to US$51/barrel. The price...

Columbus Day CrashOil prices got crushed on light volumes and worries about the potential for more supply and perhaps less demand. While yesterday’s move was probably overdone based on the news,...

Investors tend to forget that the situation in the market can change on a dime. The last time this occurred was in 2008, as the entire U.S. Investment Banking Market went into decline. Few of the...

It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular rose two cents and Premium was up a penny. WTIC ended today at...

Gold’s Bright Blue Rising Megaphone Means a Retrace to at Least VWAP of its Navy Blue Megaphone, Likely After a Higher High Gold has put in a rising megaphone top (bright blue on chart) to...

There has not been much love for gold this year, with the precious metal dropping at its lowest point to under $1,080 an ounce or about 17% lower than its value at the beginning of the year.I do...

War in Syria, Ukraine, Middle East, South China Sea and other places seems more likely each month. History shows that wars are inflationary, commodities increase in price, and governments finance wars...