Commodities Analysis & Opinion

Gold price as expected bounced towards the lower triangle boundary and got rejected. This backtest is complete and the downtrend should resume soon. I assume the short-term bearish scenario for Gold...

Tuesday’s oil market has proven, once again, that OPEC can play the speculation game too.Last week, the price of oil was slowly climbing back up to $50 a barrel, apparently based on reports that...

Over the years we have written many times about the 34-year commodity cycle. Generally commodities rise as a group in a 13-year bull market, which is followed by a 21-year bear market. Each specific...

October Crude Oil tested the 8 DMA early Tuesday morning, trading to 46.59 when a perfectly timed headline caused a rally to the high of the day at 48.32. With Crude Oil testing support Reuters...

Key Points:Gold nears bottom of channel. RSI trending lower within neutral territory. Parabolic SAR indicating further bearishness ahead. Gold has largely been a net beneficiary of a weakening US...

Starting June 8, oil prices began falling again, reversing their more optimistic trend that had lingered since February 11 long after the usual correlation to CNY was broken. In fact, by the time WTI...

Gold moved lower early during yesterday’s session, but came back up later on and finally gold ended the session only less than $3 lower. Can we view such a reversal as a bullish sign? Not...

Headline risk has returned with a vengeance in the Oil market.For the better part of August, various comments by Oil producers in general and Saudi Arabia in particular about a production ceiling --...

Oil Price Pullback and Natural Gas RallyOil prices ended their best surge in 4 years in spectacular fashion as oil chose to focus on what seemed to be bearish fundamentals. The bear case yesterday was...

With the mostly mixed yields in the corn growing areas which point mainly to lower yields investors and some farmers believe overall we will have adequate yields to meet the demand. With an early...

Energy prices quickly turned around last week in the wake of last month’s correction. Prices for WTI crude, Brent crude and diesel denominated in US dollars rose 8.8%, 8% and 7.5%, respectively...

Main scenario:The pair is trading along a downtrend with target on 46.40, that may be expected to continue, while pair is trading below resistance level 48.50.Alternative scenario:An uptrend will...

Main scenario:The pair is trading along a sideways trend between support 1333 and resistance 1338.The downtrend may be expected to continue in case the market drops below support level 1333, which...

Gold price bounced off the 61.8% Fibonacci retracement and is back testing the broken triangle area at $1,340-50. I believe this is a backtest and price will reverse downwards towards $1,300 over the...