Commodities Analysis & Opinion

Gold holding good short term support at 1272/71 this week and holding above 1279/81 re-targets a selling opportunity in the 1290/95 area. We have further short term trend line resistance at 1301/02 so...

A calendar of key events in the Commodities Market for the next two weeks.To read the entire report Please click on the pdf File Below

The recent rally for crude oil, came to a shuddering halt this week with Wednesday’s wide spread down candle driving oil prices firmly back towards the $50 per barrel region, and wiping out much...

Key Points: Price action fails to breach $50.00 handle and short move is stalled. 100 day MA and key support zone is limiting downside moves. Watch for a bounce towards the $51.90 target in the coming...

Some long-position liquidation is justifiable around gold's current Fibonacci-relevant level. Original post

Key themes In the previous Commodities Market Guide, we highlighted that more hawkish central banks were a key downside risk to commodity prices in the near term. Since then, the Federal Reserve has...

The euphoria of rising U.S. oil production continues in the Mainstream media while troubling signs are now taking place at the Bakken. Even though overall U.S. oil production has climbed due an...

Live CattleThe June Live Cattle contract made another new high on Thursday, April 20, 2017. It traded above the 61.8% retracement level (116.56) of the move from the January 19th high (121.45) to the...

Here's Why You Should Hold Gold: Gold has no counter-party risk in a 2008-style crash. The continual devaluation of the U.S. dollar is inevitable. Gold will eventually return to its true historic...

We may sound like a broken record with our calls favoring silver over gold during the last 6-9 months based on our bearish take on the gold:silver ratio. But we can't ignore the number of speculative...

Saudi Arabia is trying to talk up the markets saying an output extension is all but done after yesterday’s supportive oil supply report failed to get us to the next level. There was a 1.0...

Saudi’s are talking further production cuts after yesterday’s huge drop on no news. After a mostly bullish inventory data on both the API and EIA the Energy complex could not rally and it...

Markets did their best to make liars out of the analysts claiming a weaker correlation between the price of crude oil and the CAD. With the announcement of a major surge in Gasoline Inventories in the...

What a difference two weeks makes. Two weeks ago crude oil was roaring higher. It had just reached a critical resistance level and I wrote here about the potential for more upside. At the very least...