Commodities Analysis & Opinion

On the 4h chart of crude oil we can see that price made a nice rally from the lows. For now already in three waves but because of strong bullish momentum yesterday, we think that leg from 41.00...

Wheat has been in a downward trend for years now. As with most commodities, therefore, wheat has been heavily punished again in the last months. Now the time is ripe for a recovery. How far this...

Gold uptrend losing momentumOriginal post

September crude oil was able to overcome bearish inventory reports this week as once again OPEC headlines dominate trade. Crude oil made its low during the overnight session for trade on Thursday,...

During the last stock-market top in 2007-2008, the price of natural gas completed a basing pattern (bottom) and broke out and had a massive rally. Will that happen again this time around?Based on the...

Senior Market Analyst Craig Erlam gives an update on oil following comments from the Saudi oil minister and reflects on today’s economic data.

Last week, the World Gold Council (WGC) released a market update entitled “Failed Monetary Policies Lift Gold”. What are the main conclusions of the report?The price of gold rose by almost...

Oil has Completed and Broken Out of a Rising Wedge (Blue) Oil has completed and broken out of a rising wedge (blue on chart), retested its bottom, and already dropped to the wedge retrace target. It...

The single trend most telling in the US data is Imports. If the world is awash in oil, why has the US Import data risen even as US Production has fallen 1.2mil BBL/Day the past 12 months? US imports...

US futures are pointing to a slightly higher open on Thursday, tracking similar gains across most of Europe as traders eye the latest economic data and movements in the oil market.At a time of...

Gold appears to be trading sideways in a triangle pattern. Lower trend line support at 1338/35 is important but longs need stops below 1330. A break below 1332 is a sell signal and targets 1328/27,...

Yesterday´s US Inventories rose by 1.05M barrels Saudi Arabia boosted its oil production to a record high in July The monthly report from the OPEC the output of its members also hit a new high...

Gold (11.08.2016) continued consolidating from the last four weeks and is thus producing a triangle pattern, indicating the current upside move will continue in the coming weeks.As we can see on the...

The bottom line is that the only way the oil market rebalances in the near future is if Saudi Arabia cuts Oil Production. They are realistically the only party that can pull this production cut off...