Commodities Analysis & Opinion

I had a completely different post in mind for today, but the action in the PM complex has changed my mind. Since the US elections the PM complex has had a hard go of it, trapping many bulls in their...

After an impressive run which saw the prices of natural gas shoot up over 40%, it seems that the rally has lost its steam. As shown in the chart below, natural gas hit resistance at the $3.75 price...

Good Morning!As what was harvested in the past years even with an agreement to reduce oil supplies to get the market back in balance, the question is, “who will enforce these cuts?” The...

Gold has Maxed Out the Waves Down in its Red and Silver Price Channels – Must Start a Bottom or Continuation Pattern Here. Gold has maxed out the waves down in a price channel and roll-up price...

Below looks at crude oil over the past dozen years. Since 2011, crude oil has remained inside falling channel (1) for the majority of the time, until it slipped below support back in late 2014. Once...

While the International Energy Agency and I agree that the oil market will rebalance soon, the Saudi energy minister Khalid al-Falih warned traders that oil will take its time to rebalance.This...

Accelerated rebalanceOn 30 November 2016, OPEC and select non-OPEC oil exporters agreed to 14 December 2016 cut output by a combined 1.76mmb/d in 2017, prompting us to review our short-term oil price...

Gold has continued to trade in an uneventful season. The pair has especially dropped further this week to levels below $1117.00. For what was expected to be a seemingly quiet month for the metal, gold...

Let's review the daily chart of gold (below) just before the Fed announces its interest rate. 13 DMA has offered very good resistance so far and currently it sits just above 1371, so the first thing...

Gold and silver could once again be ready to rally possibly starting in days or in the beginning of 2017. Investors have been selling precious metals in fear of rising rates and choosing to chase...

Cast our minds back to when gold failed at resistance after Lacker and some of his esteemed regional Fed colleagues hinted that data dependent maybe didn’t mean what markets previously thought...

Here is what i said about natural gas on 6th December. The daily chart is below.As I expected, the wave (i) of wave 3 might be approaching towards its resistance in the range of 3.782 to 3.934 region....

The article aims to provide price forecasts for commodity futures for December 16, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from November 11, 2016...

The commodity market was down after the opening bell on Tuesday as the investors tackled the freshest China industrial output and as the mixed Fed rate hike knocked down the US dollar temporarily. The...