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Commodities Analysis & Opinion

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Jason Sen
Soybeans CME: Consolidating Recent Losses
By Jason Sen - Sep 01, 2014

Soybeans held a range of 1020 to 1037 last week and traded near both ends of this range in the last 3 days. It looks like we are consolidating recent losses before another leg lower. A break below ...

Jason Sen
Corn CME: Trapped Between 362-370
By Jason Sen - Sep 01, 2014

Corn went nowhere last week, trapped between 362-370. Immediate resistance at 369/370 is key for today also and any shorts need stops above 372. Next target is then 376/377 and a high for the day ...

Jason Sen
Wheat CME: Outlook Unchanged
By Jason Sen - Sep 01, 2014

Wheat held with Thursday's range to leave today's outlook unchanged. Immediate resistance at 572/571 then the 2 day high is 579 and if we continue higher today look for 582/583 then a retest of ...

Jason Sen
Spot Gold In A 2-Month Bear Trend
By Jason Sen - Sep 01, 2014

Gold in a 2 month bear trend and broke 1287/85 to bottom half way to the next support at 1280/81. Support at 1285/84 but longs here need stops below 1280/81. On a break lower look for 1277 then ...

Jason Sen
Nat Gas: Immediate Support Is 4020/10
By Jason Sen - Sep 01, 2014

Natural Gas October saw support at 4020/10 hold the downside perfectly as predicted and hit our target of 4080/90 for a potential 60+ tick profit. We topped exactly here and will now need to break ...

Jason Sen
Gasoil: Watch For A Break Below 863/862
By Jason Sen - Sep 01, 2014

Gasoil may have ended the bear market correction last week. Watch for a break below the 2 day low at 863/862 to target 859 then the 2 week low of 853/852. This could hold the downside today, but if ...

Jason Sen
Brent Crude: Oversold Conditions
By Jason Sen - Sep 01, 2014

Brent Crude retested Thursday's high of 103.20 but unable to beat resistance at 103.40/60. We have been trading sideways while we unwind the oversold conditions in the dominant bear trend and it's ...

Jason Sen
WTI Crude: Overbought Short Term
By Jason Sen - Sep 01, 2014

WTI Crude hit our target of 9560/65 to try shorts with stops above 9600. We are getting overbought short term now so profit taking today is possible and would target 9565, possibly 9545/40. Exit ...

Dailyfx
Gold And Silver Tug-Of-War Continues  
By Dailyfx  - Sep 01, 2014

Talking Points Crude Oil Traders To Keep One Eye On Escalating Ukrainian Turmoil Gold In Tug-Of-War As Geopolitical Tensions Offset A Stronger Greenback Palladium Targeting 1,000 After Leaping Over ...