Commodities Analysis & Opinion

Yesterday, we suggested potential upside actions, but ADX started to show negative signal, while RSI reflects the weak momentum.Prices are nearing SMA20 and SMA50 along with bearish tendencies;...

Crude oil turned down on Friday, now trading very close to 44.33 level which suggests that wave (b)/(ii) is still underway down to around 42.00. We see energy in a corrective retracement towards 61.8%...

Main scenario:Gold is trading along an uptrend with target on 1160, that may be expected to continue in case the market rises above resistance level 1140.Alternative scenario:An downtrend will start...

A bill to repeal the 40-year-old ban on crude oil exports from the United States has made its way through committee and will be heading to the floor of the House. Recently, the House Energy and...

INTRADAY CHART22nd September: We have seen a move above the Wave (a) and I suspect we'll see a correction in Wave iv that should be around 14.85-90 being the 58.6% retracement from where the Wave v...

Gold's first resistance is at 1135/36, but above here strong resistance at 1140/41 for a selling opportunity again today. There is a good chance this will hold the bear trend bounce, but shorts need...

There is no other way to describe the radical change that has taken place in several areas of the silver supply market this year other than to say…. it’s quite shocking. While certain...

It appears that some of the angst that has been driving the price discovery of WTI Crude following the Thursday FOMC inaction is starting to abate as the risk-on trade seems to be in effect across the...

Plunging oil prices have rendered more than a trillion dollars of future spending on energy projects uneconomic, according to a study that suggests that the impact on industry operators is worsening.A...

I last wrote about BitGold (XAU.V), which is now called Goldmoney, most recently in a blog post on 26th May. In the linked post I expanded on my view that the company had a great product from the...

Gold trades in a narrow range above 1134.35, which is positive factor. A break above 1142.75 is required to prove the bullishness, as failure to hit this level will weaken the positivity. We will...

Oil attempts to incline, while ADX overlaps positively, suggesting potential upside actions. The obstacle is that RSI moves below the value of 50.00. Therefore, we need confirmation with a breakout...

Gold faces strong resistance at 1140/41 for a selling opportunity again today. There is a good chance this will hold the bear trend bounce, but shorts need stops above the September high at 1147. Be...

Long time readers of The Gold Update know that our microphones are just about everywhere, the latest instance being at Mission Control in Houston this past Thursday in concert with the Federal Open...