Commodities Analysis & Opinion

Yesterday’s bearish wave has taken gold below SMA20, which is a negative catalyst, while trading below 1136.35 is the main negative factor that pushed the metal lower. Assessing indicators, ADX...

Weak movements on crude oil below the resistance of 39.80 and above the recently established support of 38.60, which comes before 127.2% Fibonacci at 38.95. The recent inclines aren’t reliable...

CLCrude oil futures added to losses on Wednesday, after data showed that oil product supplies in the U.S. rose sharply last week, underlining concerns over weak demand. Crude oil for delivery shed 53...

Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering...

Crude Oil after recent fall still in range trading moving nowhere. We are still not sure are we reached black wave 3 lows or we have one more wave down. Prices has gone now above corrective channel...

Talking Points:Crude Oil rallied on stock recovery and drop in US weekly inventories Copper leveraged on rising equities after losses inflicted by 2-year high stockpiles on LME Gold established lower...

Today, mining analyst Stephan Bogner from Rockstone Research published an update on the rare earth element (“REE”) market providing a direct comparison between Molycorp Inc (NYSE:MCP) and...

Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going...

Gold needs to break its cycle uptrend line in order to confirm that a move into the first daily cycle low is underway. I would expect at least a 50% retracement of the initial rally, but 62% is...

As I'm writing this post, Platinum is currently rallying (+16.60).My WAG is, if it can hold above 970.30, we could see a substantial rally on it, and take Gold along for the ride.

Oil rally to 49.5 ended wave 4. From this level, the internal of wave 5 of (3) lower is unfolding in 5 waves, where wave ((i)) ended at 45.08, wave ((ii)) ended at 46.71, wave ((iii)) ended at 37.75,...

Seven month symmetrical triangle has been confirmedDecline on August 25 triggerd an 8-week H&S failureIn recent weeks I have noted that the silver chart is a textbook example of the veracity of...

Occasionally in the past I have mentioned the idea of using daily and weekly Elliott Wave counts that are in sync as a tool to identify trading opportunities.(See also Life Beyond Buy And Hold) Most...

Another day, another massive sell off and rally. Tuesday's close re-illustrated the illiquid nature of the futures markets, specifically the equity markets and long term fixed income markets. The...