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Commodities Analysis & Opinion

Gold Attempts To Breach 1086.00 Fibonacci
By ICN.com  - Jul 30, 2015

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 ...

ICM Brokers
Oil, Gold Prices Gain
By ICM Brokers - Jul 30, 2015

CL Crude 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, ...

Oil Majors Resigned To Lower Oil Price Environment
By OilPrice.com - Jul 30, 2015

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 ...

Ross Woodfield
Oil Ready For A Bull Run
By Ross Woodfield - Jul 30, 2015

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 ...

Oil Climbs On Surprise Drop In U.S. Inventories
By Dailyfx  - Jul 30, 2015

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 ...

Cotton, The Real And Soy
By MrTopStep - Jul 30, 2015

In other commodity news, the nation's hog herd is at an all-time high, and personal consumption has increased 7% to 49.7 #/per. Southerners eat more pork than the rest of the country, consuming ...

Trader Moe
Potential Oil Bottom
By Trader Moe  - Jul 30, 2015

Potential Oil Inverse H&S (Orange Neckline) – a Megaphone Right Shoulder Could Result in a Lower Low (Purple Scenario) Oil has put in a potential inverse H&S right where it should after...

Stuart McPhee
Gold Remains Motionless Below $1100
By Stuart McPhee - Jul 30, 2015

Gold – Thursday 30 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier ...

Ellen Wald
4 Key Signs Low Oil Prices Are Here To Stay
By Ellen Wald - Jul 30, 2015 2

Though the price of oil managed to climb back to $60 a barrel from a low of $40, it has now fallen back under $50. Will oil prices recover as quickly this time around? Four key financial and economic ...

Gary Tanashian
Ritholtz Stirs The Gold-Bug Pot
By Gary Tanashian - Jul 29, 2015

Anyone who has been bearish on gold for the last 4 years has been right. They have been right in euros and though the trend appears to have been gently changing over the last year or two, they have ...

Craig Erlam
Brent: Double Bottom Forms, Inventories Fall
By Craig Erlam - Jul 29, 2015

Brent crude has been under intense pressure recently and continues to trade in the descending channel that it briefly broke above last month. It found some support yesterday from the middle of March ...

Tommy Humphreys
A Scary Proposition For Gold Bulls
By Tommy Humphreys - Jul 29, 2015

With gold floundering just below $1,100/oz for the last week gold bulls are digging for reasons to be optimistic. However, the following two charts courtesy of Morgan Stanley Research (NYSE:MS) ...

Gold Below $1000: Plausible?
By Alvexo - Jul 29, 2015

In the wake of the last financial crisis, conviction was strong that the extraordinarily loose monetary policies proposed by global central banks would send inflationary measures soaring as rapid ...

Tory Enerson
FOMC Causes Unnoticed Crude Inventory Draws
By Tory Enerson - Jul 29, 2015

Today is day two of the FOMCs July meeting with the results of the meeting to be aired at or around 1 PM CST. It is widely expected that there will be no change in rates today, but the tone of the ...

Crude Fails To Move Higher
By ICN.com  - Jul 29, 2015

Crude oil failed to move higher as inclines were trapped below the main resistance line of the descending channel, while four-hour candles prove that 78.6% at 48.00 represents a good ...