Commodities Analysis & Opinion

As the Federal Reserve remains indecisive on the next rate hike, precious metals traded mixed for the past sessions. Gold futures soared at the start of the week but it eased as the central banks...

Good Morning!This morning we have a lot on our plate with Export Sales, Initial Jobless Claims at 7:30 Factory Orders at 9:00 EIA Gas Storage at 9:30 and Dairy Products at 2:00 P.M. And tomorrow we...

U.S. Markit Services PMI remained unchanged at 51.4 in July. What does it mean for the gold market?The U.S. services sector expanded last month at the same sluggish pace as in June. The index was...

Crude oil has completed the minimum requirements for a megaphone bottom (red) on its blue price channel. It could continue to megaphone to a retest of its pink flat-bottomed megaphone neckline or a...

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...

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...

The overnight leads are generally bullish, although we’ve only seen modest gains at an index level, with the S&P 500 +0.2%. The USD has found support rallying 0.5%, although stopped just...

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...

By Claudio GrassIn the past few months, we have witnessed a series of defining moments in our political history, with Britain’s vote to Brexit, (several) terror attacks in France and Germany, up...

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...