Commodities Analysis & Opinion

Our risk free trade was stopped out at $1,270 on the 21st of June before a re-entry at $1250 as gold behaved as we expected in our June 16th article. In the midst of Britain deciding to leave the...

Gold needs to break out of its blue H&S right shoulder rising megaphone right now or it's going for another new high. Gold has completed a perfect H&S top on its blue rising megaphone right...

The general view on gold remains the same, with the uptrend coming to its end and with a deeper correction on the table. However, recent developments suggest that this 5th wave up is an ED and it is...

Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to...

Close but No Cigar!Oil prices tried to bottom after the Energy Information Administration but missed a key turnaround point by just a bit. As I told MarketWatch yesterday that, “market momentum...

Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to...

Gold in need of a further correction to ease overbought conditions, and holding below 1362 retests first support at 1355/54. Be aware that there is less chance of this level holding today. Longs need...

WTI crude hits our selling opportunity at 4100/10 with stops above 4145. However, please note the bounce we were looking for on Tuesday unfortunately occurred a day late. We have a close above the...

Today’s upside reversal action comes on the heels of a bearish Inventory Report, and from a new low in the vicinity of important, intermediate-term support at $38.90, which represents the 50%...

Massive oil imports prevented a large draw in oil inventories this past week, but this has been consistently happening all summer long. Watch for "Other Oil Products" as net we still had a build in...

GoldAs suggested yesterday, gold touched year highs before retracing. It needs to catch up with the moving averages and to digest the move that we saw over the last few days. I'm watching it carefully...

Investors long crude oil this past month have taken a bath in the position, which is down nearly 20% in 4 weeks. Below looks at an update of the pattern. The 20% decline has crude testing triple...

American's have a saying about an '800-pound gorilla' in the room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in...

When The Dollar Can’t HelpYou know demand fears are running high when a break in the dollar does not help support crude oil prices. Global meltdown fears are rising as stocks fall for the eighth...