Commodities Analysis & Opinion

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...

A sharp reversal down on gold from 1270 looks like a temporary bearish move. From an Elliott Wave perspective we see it as wave C) that is part of a triangle which is now making a subwave D) after...

A mixed night in equity markets saw most US and European markets close in positive territory. Apple (NASDAQ:AAPL) saw its first earnings-per-share miss in 13 quarters and was down more than 5% in...

As I noted in my mid-week update on the metals and miners, the toughest part of a new major trend, from an Elliott Wave perspective, is determining where waves i and ii reside, as the targets for...

June crude oil declined Monday, April 25 in choppy trade getting down to 42.58 just above support at 42.48 (8 DMA). It settled near the lows at 42.64 before bouncing in the after settlement trading...

As we all know………. ……..and after yesterday's inventory report………..

June Crude Oil had a strong rally yesterday (Tuesday, April 26) rebounding off its overnight low of 42.50 and making a new high at 44.83. The US dollar was weak and this helped propel Crude Oil higher...

Heading into Tuesday's session, oil was trading about 3% beneath its April high. But more importantly, it remains above both its flattening 200-Day EMA -- now at $41.85 -- and its rising 50-Day EMA at...

I want to begin with a quote from a recent Cornerstone Macro report that succinctly summarizes the research firm’s view on growth prospects in emerging markets and China specifically. Emphasis...

Crude oil had closed an Elliott impulse wave pattern at 44.55, starting a correction wave pattern that should bring oil price inside the red channel between 40.97 (.618 Fibonacci) and 42.50 (.786...

Balancing ActOil prices are trying to stabilize as traders and oil companies try to predict when oil production will find equilibrium with demand. Here there is a wide degree of different thinking on...