Commodities Analysis & Opinion

This week has been all about currencies, with a weak euro grabbing the headlines.At one point yesterday morning, the euro was 3% down from last Friday's close, hitting a 12-year low against the US...

Crude oil has moved to the downside achieving a daily closing below 47.35 as seen on the provided daily chart. RSI14 stabilizes below the value of 50.00, while Linear Regression continues to cover...

Silver stabilized between 61.8% and 76.4% Fibonacci levels after finding support earlier in the 15.30 territories. Still, the positive divergence on RSI14 persists and it could send the metal higher....

Crude Oil prices had earlier risen after the US dollar rally stalled on an unexpectedly weak U.S retail sales data. Dollar-denominated commodities, such as oil, become more appealing to holders of...

Gold remains trapped between 76.4% and 88.6% Fibonacci level of the wave from 1130.00 to 1307.00. The same technical conditions persist, as RSI14 reflects oversold, while 1151.00 has provided a good...

Our Raw Steels MMI® level is now crossing swords with the Renewables MMI®. The Chinese Lunar New Year has gotten off to quite a slow start, as far as industrial metal markets are...

CLCrude Oil futures fell sharply on Thursday, as disappointing data on U.S. retail dampened optimism over the strength of the economy. In a report, retail sales fell 0.6% compared to 0.3% economists...

Ben Kramer-Miller, a fundamental gold stock analyst who I keep an eye on, recently had an article at SeekingAlpha called Gold’s Bull Run Has Not Yet Begun. I remember taking note of the title...

Take the S&P 500 Index and multiply by the US dollar index. This removes most of the currency variation. Do the same with silver. The chart of silver times the dollar looks very much like silver...

The oil market continues to swing lower as the pressure on it continues to add up, but the pressure is not coming from the supply and demand side as many had expected. Instead, it’s being driven...

Last November and December, many believed the oil crash had hit bottom, and a horde of insiders bought shares in their own companies.I’m not talking about just a few thousand shares,...

Yesterday’s extreme defined technical objective at 47.30 almost done after breaching the support line of the correctional channel. Coverage from Linear Regression in addition to the aforesaid...

Silver: The strong support of 15.25 held as a stance as 76.4% Fibonacci retracement has offered a strong support to the metal. Despite stability below, Linear Regression but yesterday’s long...

Bears failed to take out 1151.00 support hinted in our previous reports and Gold is presently moving higher influenced by the positive divergence on MACD traditional and the strength of the support of...