Commodities Analysis & Opinion

WTI crude longs on the break above 5390 work perfectly as we reach 5630/40 for up to 230 ticks profit. With bulls in control we look for 5660/70 & 5695/5705, perhaps as far as 5740/50.Minor...

Gold breaks 2 week range support at 1832/30 for 1820/17 before a retest of support at the January low at 1812/10.First resistance at 1830/32 today of course but above here allows a recovery to 1840,...

Copper dazzled before the eyes of investors at the end of 2020, as vaccine breakthroughs and the promise of economic reopenings after the COVID-19 lockdowns made the price of the metal shine like its...

On Tuesday, the natural gas futures tested $3.00 level, a psychological resistance, and ultimately found a steep reversal back up to $2.806, and since then sustaining above $2.8. Here I find that the...

"Temporarily out of stock."That’s the message most hopeful physical silver buyers have been getting since the last days of January. Odds are bullion dealers are going to have a tough time...

On the corn front the market traded lower mainly because China has been a little quiet in this arena with new purchases after being so busy buying U.S. corn last week. South America is still having...

The short squeeze in silver failed and led to a dramatic, nasty bearish reversal. The implications are bearish until silver hits support in the low $20s. The good thing is this squeeze was always...

ExxonMobil (NYSE:XOM) booked its first annual loss since the 1999 merger of Exxon and Mobil, and the first annual loss in at least 40 years after the pandemic crushed oil demand and prices and led to...

The World Gold Council recently published two interesting reports. Gold demand plunged in 2020, but 2021 should be positive for the yellow metal.On Thursday (Jan. 28), the WGC published its newest...

An array of drivers, including the OPEC+ pledge during the cartel's most recent meeting, to cut production and the subsequent follow-through, as well as a softer dollar are pushing the price of oil...

On the corn front the market started off with momentum carried from last week and Export Inspections showed 110 metric tons of U.S. corn was sold to Japan and 125.7 mt sold to Mexico. The exports...

Global markets seem to have managed to avoid a downward spiral from the start of the month. US stock indices, followed by the rest of the world, made steady gains, adding more than one and a half per...

Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver. It is time we revisited these early...

Silver StabilizingXAU/XAG has dropped nearly 16% during the last few sessions to levels not seen since 2014. With silver stabilizing around the current levels, the market appears to be buying some of...