Commodities Analysis & Opinion

Fundamentals WTI sold off on Wednesday as total crude oil inventory continued to build. The number of barrels in storage around the United States (U.S.) is a historic high, well above 500 million. The...

Good Morning!The oil inventories rose 8.8 million barrels according to the API data. The market seemed to act like it was water of a ducks back with the terror ongoing terror attacks in Belgium and...

Oil is Likely Forming a Megaphone Right Shoulder on H&S Top for Blue Rising Megaphone Crude oil is working on a megaphone (orange) within a likely larger bottoming megaphone. Right now it’s...

As oil prices mount a rebound against a backdrop of oil company bankruptcies and rig count cuts, the question becomes how quickly U.S. energy producers will respond to rising prices. The bearish...

Not so fast! While many traders have already been riding the gravy train in silver, you might call me late to the game. And if you look at the price action over the last 12 months, that is a fair...

Gold: With gold selling off strongly on Wednesday, further weakness is likely. This leaves the 1,225.71 level as the next support. On the downside, support comes in at the 1,220.00 level, where a...

Oil failed to stabilize above 41.40 –Fib. Of 61.8%- and started to trade below SMA20. ADX shows increase in bearishness, while RSI fails to breach 50.00 levels, and thus, we will be neutral as...

After failing to go well past $40 in its relief rally, crude oil is stuck between a rock and a hard place. On the one hand, OPEC ministers keep promising a meeting that they refer to as if it were the...

America was built by “citizen champions”. Should the current gold price action be described in a similar way, as a “rally of champions”? I think so.Technically, gold is...

The Department of Energy's Energy Information Administration (EIA) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-January, are now available....

In the first hours of today’s London session, activity and volumes spiked up in gold. This activity, VSA showed, was major supply hitting the market, just below a high formed days before on...

SILVER - downtrend line was broken at weekly time-frameToday's terror at Brussels caused temporary volatility, which was corrected in the next trading hours. Volatility on silver was huge. After sharp...

Fundamentals WTI trades around $42 after moving higher yesterday on information from market intelligence firm Genscape. The company reported that there will be a drawdown (reduction) in the weekly...

Good Morning!In the overnight electronic session the Grain complex must have took in account of weather and demand on the horizon. The May Corn is currently trading at 370 ½, which is 1 cent...