Commodities Analysis & Opinion

CRUDE OIL: With the commodity closing higher on further correction on Wednesday, it faces further upside pressure. On the downside, support lies at the 48.00 level, where a break will expose the 47.00...

The morning trade featured some significant fundamental data, with the US 2nd quarter GDP missing expectations, natural gas inventories shrinking, and jobless claims continuing to dwindle.The soft GDP...

Gold – Retail FX traders remain long gold versus the US dollar and a contrarian view of crowd sentiment acts as a signal that gold prices may continue to decline. Last week we noted that long...

Crude futures rose modestly on Thursday after a larger-than-expected drawdown in U.S. crude stockpiles, with gains checked by a stronger dollar and position squaring ahead of the expiry of the...

Federal Reserve efforts toward monetary policy normalization have hit a critical juncture ahead of September’s meeting. Although the benefits of raising interest rates are substantial, it is not...

The natural path for gold would have been to bounce off support at 1131 and then have another daily cycle down to 1033. By trying to rush the move, the manipulation last Monday may have prevented gold...

The latest Chinese stock market sell-off is hurting commodities. Energy prices got hit the most with oil prices falling below $50/barrel, followed by precious metals. Gold prices hit a 5-year low,...

Gold dropped near its lowest level in five and a half years on Thursday ahead of the release of U.S. GDP data that is expected to show growth strengthened in the second quarter, thereby raising the...

Gold is presently attempting to breach through 1086.00 -Fibonacci of 61.8%- and a break below this level will cause a new downside wave. The ADX indicator is turning into negativity, although RSI is...

Oil declined yesterday and our intraday bearish outlook, as 13% Fibonacci at 48.65 was taken out, assisting prices to stabilize above the resistance of the downside channel and above SMA20. However,...

CLCrude oil prices gained on an upbeat assessment of U.S. economic growth prospects as markets digested the Federal Reserve's language for the timing of a now widely expected rate hike this year, with...

The leaders of BP (LONDON:BP) appear to have joined their counterparts at Royal Dutch Shell (LONDON:RDSa) in concluding that oil prices will stay low for longer than anyone had previously...

Oil has found a bit of support in the market and the fundamentals are certainly helping. The recent break through the bearish trend line sets the commodity up for a strong bullish surge.The Energy...

Talking Points: Oil climbed after EIA reported a surprise stockpile drop Copper stayed elevated while Chinese stocks recovered Gold lost ground after Federal Reserve statement The US dollar climbed...