Commodities Analysis & Opinion

There is nothing like an over 1,900,000 ton-delivery (37,611 contracts) to cheer up the market, right? No. This is a historical record for the sugar contract in NY under the current format since 1961....

Oil is late in its daily cycle and due for a correction:

The precious metal is trading below its downward trend line on daily time frame. The price has formed a descending triangle pattern and this articulate that the bears are in constant battle with bulls...

The extended consolidation phase for gold has continued once again this week with no end in sight just yet, and with bond markets now in turmoil many of the traditional relationships are breaking down...

Crude Oil’s Bull Run Hides Deeper RiskCrude oil has experienced a strong rally in recent days, touching 2015’s peak, after US crude inventory data showed significant improvement. Despite...

CLCrude oil rose to the highest level of the year, crude stockpiles in the U.S. unexpectedly declined by 3.9 million barrels, while. US dollar plunged 1.34% to 93.99, the lowest level since...

Oil hit 2015 high with WTI at $60.40 and Brent at $68.40 end of trading on Tuesday. Crude prices have now risen 50% in just over three months. The overall oil market sentiment is very bullish as CNBC...

Oil prices have made another high this year as the crude inventory data released yesterday confirmed for the first time in 17 weeks that we have drawdown situation. Although, the production levels are...

Gold for Thursday, May 7, 2015To start this new week gold has enjoyed support at $1180 which has allowed it to rally back to $1190 and beyond to resistance at $1200. In the last couple of days it has...

In a financial world of contradictions, chaos, and confusion, perhaps a “gold-centric” perspective will provide clarity.The media is filled with comments from notable...

It was another positive day yesterday for crude oil which continued its recent bullish momentum, moving firmly through the $60 per barrel price point to close at $60.40 per barrel on the daily oil...

CLCrude oil prices were up after industry data on U.S. stocks showed a drop. The American Petroleum Institute said that crude oil stocks in the U.S. fell 1.5 million barrels last week. Meanwhile, U.S....

Gold Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1193, which will be followed by reaching resistance level 1204...

Sticking with my commodity theme, today's second chart of the day focuses on the sentiment in the agricultural sector and especially looks at Wheat. This grain originally made a new high all the way...