Commodities Analysis & Opinion

Gold first resistance at 1211 is key to direction and a good chance this will hold the topside today. Try shorts with stops above 1214. However on a break higher 1212/11 acts as support and we could...

Corn making a break below 375/374 to keep the short term outlook negative and target 371/370 then good support at March lows at 367. This is of course the most important support for the week. We are...

WTI Crude two month trendline resistance at 5180/90 is key to direction today and shorts need stops above 5210. A break higher however could target resistance at 5245/5255 but above here we could...

Wheat has gapped open lower this morning for a profit taking opportunity on our shorts. First support at 515/514 is key to direction and should be worth trying longs with stops below 512. Holding on...

Soybeans holding above 950 keeps hopes of a recovery alive and targets first resistance at 955. However we should struggle here and a high for the day looks very possible. If we manage a break higher...

CLOil rose to 51.50 as number of rigs drilling for oil in the U.S. fell by 42 last week to 760. It was the 18th straight week of declines and the largest drop in a month. Oil traders are looking ahead...

Gold for Monday, April 13, 2015Over the last few weeks gold has developed an attraction to the key $1200 level and has traded back and forth around it for most of this time. A couple of weeks ago gold...

Silver has been in a long term downtrend in recent years, with the current price of $16.38 being 67% below the six year peak of $48.60 at the end of April, 2011. It has, however, enjoyed a minor...

U.S. Markets remain trading within larger patterns, or range-bound, but are approaching upper levels within those ranges while the dominant trend remains higher.Stocks are setting up better charts by...

“Natural gas prices could go down to 3.00 or even lower during the next year or two.” This is the final sentence in “Natural Gas Down Despite Russia-Ukraine. Why?”, which we...

Weekly CFTC Net Speculator Crude Oil Report CFTC COT data shows speculator’s oil bets gained strongly for 2nd weekWTI Crude Oil: Futures market traders and large oil speculators raised their...

Weekly CFTC Net Speculator Gold Report Gold speculative positions rise strongly for a 2nd weekGold: Gold speculators and large futures traders sharply increased their gold bullish bets last week as...

While the casual market observer might look at Friday’s 1.18% rally in gold, closing modestly back above the $1200/oz level, as nothing to write home about, for gold afficionados, Friday’s...

This week started well for gold and silver, but it turned out that the peak for both was on Easter Monday, since then, prices have drifted lower. The news event that initially drove prices higher was...