Commodities Analysis & Opinion

Soymeal led the charge to spike soybeans as funds showed interest in buying soybean oil and covering shorts on soymeal and the complex took notice. The grains are trading higher across the board in...

The price of oil reached a new 2016 high last week - $46. Oil’s steady climb over the past few weeks, coupled with small but continual reductions in U.S. production, has many seeing the light at...

Gold is still hovering around 1300.00, while yesterday’s pullback was a correction, but we see the metal nearing 1300.00 again, aiming to hit this psychological level. Trading above 1280.00 is a...

Oil trades near SMA20, which intersects with the support line seen on the provided graph. Trading between 46.90 and 44.40 keeps the directions unclear, as the 4-hour closing was achieved within the...

Last week saw WTI increase by 5% and Brent by 6%, ending oil’s best month in 7 years. Both benchmarks soared 20% in April, and have gained 75% since their lows in January. WTI traded above 45...

U.S. shredded scrap prices for steel started 2015 at $350 per long ton delivered to Midwest steel mills.Barring a very brief rally in June, the price fell every month over the year and dropped to...

An impending US Crude Oil Inventories result is being watched eagerly by oil bulls as it could illicit another surge for the commodity. The figure is predicted to post only a 0.97M build but some are...

Owning gold and silver goes back to the times of the Bible. Gold and silver were used in religious rituals since the beginning of civilization.There was an argument with the Ancient Egyptians and the...

There is much market speculation these days in the mainstream press about whether or not the rally in U.S. stocks can continue, although the rally so far in 2016 is nothing to write home about. The...

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a triple three where wave (w) ended at 15.6, wave (x) ended at 15.01, and wave (y) is...

It’s that time of year when traders can't avoid that 'sell-in-May' mantra, which typically applies to stocks. But could it also apply to crude oil this year? The chart above looks at crude Vs....

Platinum's dominant chart construction is the completed 9-month H&S bottom on the weekly and daily graphs with an implied profit target of 1179. Note the near-perfect Apr. 25 retest of the...

Good Morning!The Nikkei extends the selloff do to the Bank of Japan’s inaction on the rallying yen prices. The selloff however did not spill over to the U.S. stocks so far. We have a busy day...

Gold prices jumped this week, extending their best start to a year in more than 30 years, the Financial Times reports.Encouraged by a sharp fall in the dollar and a dovish stance by the Federal...