Commodities Analysis & Opinion

Technical analyst Jack Chan has examined the charts and says that if we are in a new bull market, prices in both gold and gold equities should begin to pull back and consolidate soon.As suggested in...

The International Sugar Organization (ISO), assuming average growth in global sugar demand forecasts a looming world production deficit of more than 6 m tonnes over the next two seasons. It also...

Crude OilShort term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at...

Over the last several weeks I have been laying out the technical case for a breakout above the downtrend. I said that while such a breakout would demand a subsequent increase in equity risk in...

Two months ago in our Sector/Commodities Sentiment extremes report we noted that a “popular delusion” could be taking place in the most important commodity on the planet. We made the case...

As we move through 2016, the Horsemen of the geopolitical, economic, and social apocalypse are on the march.China burns through its currency reserves as billions in yuan flee the mainland for safe...

Good Morning!Yesterday’s quiet trading day may be a little louder today. The FED is not expected to raise rates but the verbiage after the announcement and earnings could make for an interesting...

Oil is in the Critical Decision Wave of its Pink Price Channel Oil is in the critical decision wave of its 3-month price channel (pink on chart) on the daily. That’s the wave where a price...

There’s an interesting piece this morning in ZeroHedge about famed CNBC commentator Gartman and the fact that, after two months, he’s finally gone bullish on oil. I wanted to mark the...

Here is an interesting chart that might suggest flows into oil markets.Or perhaps it suggests something else. But I put together the chart below (data sourced from Bloomberg) because it seemed to me...

Crude oil prices managed to rise and stabilize above 44.40-44.45. The trading above this level is considered positive according to Fibo trading rules, as this level represents 127.2%. The stability...

Gold failed to stabilize below SMA 20 located at 1238.00, yet it rose the previous session. The ADX shows the emergence of a new upside direction while RSI 14 hovers above the 50 line. However, the...

We came across an article talking about silver supply troubles. We get it. The price of silver has rallied quite a lot, so the press needs to cover the story. They need to explain why. Must be a...

An upside break out of the bull flag formation on crude oil indicates further upside, with the 61.8% and 100% breakout targets in mind at 46.70 and 49.35. Only a break below 42.50 would invalidate my...