Commodities Analysis & Opinion

Moving sideways increases the risk in the market as we see prices moving again above moving averages 20 and 50 near 38.2% Fibonacci at 44.85. Areas of 43.50 have proved their strength alongside...

The picture for copper wasn’t pretty last month, with the crisis in China leading to a six-year price low for the red metal. But a recovery is already underway, thanks in part to a resurgence in...

Talking Points:Oil recovered as API reported inventory drop, after exports ban induced slump Gold lackluster prior to Fed rate decision Copper weakened on China demand concerns and...

WTI Crude first resistance at 4525/30 is the main challenge for bulls today. A high for the day possible but be ready to buy abreak above here to target resistance at 4590/95. We should struggle here...

Gold met first resistance at 1108/09 again on Tuesday, but we are oversold and in need of further recovery to target 1112/13. It could be wise to exit longs here in the bear trend and could be worth...

While the drain of COMEX gold and silver Registered inventories continues as demand for physical precious metals increases, JPMorgan Chase & Co (NYSE:JPM) experienced a 45% decline of its...

Markets continue to remain range bound across a wide swath of commodity sectors as participants are split on what action, if any, the FOMC will take on Thursday. Relative strength in the S&P 500...

Talking Points:Gold Technical Strategy: Flat Gold is continuing to ride the support trend-line discussed in yesterday’s piece. Gold is getting continued support above the $1,100 psychological...

Talking Points:US Crude oil was little moved after OPEC’s monthly oil report OPEC downgraded its forecast for non-OPEC production by 72,000 barrels The outlook for 2016 global oil demand...

Gold continues to move below SMA20 and below the classical resistance level that started at 1196.00.There is a contradiction between ADX and RSI14 along with consecutive attempts to reach 1113.00. It...

Oil attempted to inch higher during the Asian session, but uptrend remains weak despite popping from 43.50 yesterday.ADX is negative and trading below 44.90 is a bearish sign for today. In the...

JPMorgan Chase (NYSE:JPM) is quitting open outcry trading on the London Metal Exchange after reducing its commodity business.The move will reduce the number of financial institutions trading in the...

Copper mining companies’ fortunes have been a pretty dismal story of late and, in truth, hold little potential for an improvement in the short term.China’s slowing industrial production...

Talking Points:Oil dipped on BOJ’s gloomy assessments; OPEC projected lower demand in 2016 Gold moved sideways as market seemed ready for FOMC decision Coppersteadied though fragile on...