Commodities Analysis & Opinion

Gold traded within a narrow 1280.00, and the European session started with weak movement. Holidays today in European banks may lower the liquidity, and we see contradiction between signals on RSI and...

Crude oil traded back above SMA20 and SMA50 around 44.30, and above 23.6% Fibonacci at 44.05-44.00. RSI trades bullishly above SMA50.00, and the strength of the bullishness is good according to ADX...

The U.S. dollar index, which tracks the buck against a basket of international currencies, hit a 15-month low this week.The fact that traders are not supporting the dollar above these levels is quite...

I have often stated, “If you can’t beat ’em, join ’em.” In doing so I’ve had to quiet more times than not the “trader” in me. Why? Because the trader...

Saxo Bank CIO and chief economist Steen Jakobsen pinged me via email with some of his thoughts on who to believe and which assets to hold.Steen says “gold long, weak US growth, Fed is lost, and...

SugarShort term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a zigzag where wave (a) ended at 15.71, and wave (b) ended at 15.01. Wave (c) of...

What has been going on since mid February is a burst of the ‘inflation trade’ as evidenced by silver’s leadership in the precious-metals sector. This opened the barn door for all...

Déjà vu China Lowers Yuan FixIs this a reminder of the big selloff in oil with Greece leaving the Euro-zone, China devaluing the yuan, Saudis flooding the market so not to lose their...

Main scenario:Gold is trading along an downtrend with target on 1260, that may be expected to continue in case the market drops below support level 1279.Alternative scenario:An uptrend will start as...

Gold hovers around 1280.00 after failing to hit 1300.00 decisively, while ADX shows increase on bears’ power and RSI. We can’t say that the bullishness is over, as we need a daily closing...

Crude oil trades below 44.05 where 23.6% Fibonacci exists, and moving below this level keeps the bearishness available today, targeting 38.2% Fibonacci. Also, prices are stable below moving averages...

There’s no denying that the United States is currently experiencing a shale gas glut.Gas fields – such as the Marcellus – are the gifts that keep on giving. Last year, overall U.S....

Gold and related assets continue to stun most analysts and investors as they surge relentlessly higher against American fiat currency. This is the spectacular daily gold chart. While gold has risen...

Failure to hold on to the gains made in the early part of the week near the $1300 level has seen gold prices continue to pull back following the doji pattern two days ago. A bearish continuation today...