Commodities Analysis & Opinion

GoldMain scenario:The pair is trading along an uptrend with target on 1395 that may be expected to continue, while pair is trading above support level 1358 - 1352. Alternative scenario:A downtrend...

In our last update on Crude, we mentioned that the lower-bound of the red channel was an easy target to be tested and so it happened.Crude 4 Hourly Chart - July 06, 2016 In this chart, we see how...

After briefly flirting with the 50.00 handle, oil recently took another plunge back to the ever robust zone of support around the 45.79 handle. In a subsequent manoeuvre, the commodity seems to be...

Historically, silver has largely been regarded as a safe haven in times of turmoil and unrest and an effective hedge against the effects of inflation. However, despite some significant turmoil within...

Last week, WTI futures plunged 6.4% to $46.31 per barrel. On 6th July the price of WTI crude oil reached a local bottom of $45.91 per barrel. The short-term downtrend was broken earlier, on 5th July,...

Soybeans posted quite a positive candle yesterday in short term oversold conditions. We have strong resistance in the 1095/98 area which will be the main challenge for bulls today. Shorts need stops...

European equity markets are poised to open higher on Thursday, breaking a three day losing streak following a positive session in the U.S. and a bounce in oil prices.Brent crude rebounded off its lows...

If the European steel industry wasn’t beset with problems of poor profitability and overcapacity before Brexit, it now has a sharply increased element of uncertainty to add into the mix.Steel...

Bears have been frustrated, and I am among them, that bear markets are allowed to go no longer than one, maybe one-and-a-half days. This week brought another example.Monday was a market holiday, but...

Gold's post-Brexit vote surge continues unabated, with Bloomberg reporting today that the price of the safe haven commodity has risen for six consecutive days. UBS speculates that the commodity could...

Now that the precious metals’ five-year cyclical bear market is acting like it's been replaced by a vibrant bull run in the opposite direction (up!), many analysts who chided the ongoing rise in...

Wednesday's spot gold pushed through its major resistance line from the Sept. 2011 high at $1921.50, which cut across the price axis in the vicinity of $1353.As long as gold remains above the down...

Silver and gold have made some decisive moves of late. It must be emphasized that the long-term trend in silver and gold is up. I believe we are now witnessing a silver Bull Market and a gold bull...

North Dakota’s Bakken Shale play is one of the country’s top producers of crude oil.Over the last decade, Bakken production went from about 4,000 barrels per day to a high of 1.1 million...