Commodities Analysis & Opinion

Gold – Wednesday, July 15th, 2015Throughout the last few weeks, gold has steadily declined, and fallen from above the key $1200 level back to a new three month low below $1150 last week. It has,...

A Big Picture signal could be coming from products most of use on a daily basis.The 4-pack below looks at crude oil, coffee, copper and cattle. Crude oil broke below a support line that had been in...

If the Saudis' intention is to damage U.S. shale-oil production as they maintain record crude oil outputs -- despite a more than 50% drop in the price of oil in the last year -- the following two...

When studying any chart in whatever timeframe it can often be difficult to interpret the price action, particularly when a market has been in a congestion phase. A classic but simple example is the...

The emerging nuclear accord between Iran and the P5+1 negotiating team sets the stage for another round of losses in the oil patch with global output forecast to grow on the back of reduced sanctions....

The big picture in simple termsUS national debt is huge, ugly, unpayable, and accelerating higher. Silver Eagles are pretty and are priced low. Silver prices will increase erratically, driven higher...

The Greek debt stop gap appears to be in tact through the overnight session with the key parliamentary vote to take place on Wednesday. It is widely held that the Greek government will approve the...

Gold continued to show bearish tendencies, stabilizing below moving averages and below the bearish trend over short-term basis. Stability below 127.2% Fibonacci projection at 1150.00 is required to...

Fundamental Analysis Iran nuclear deal is a big news for oil traders. The deal has tremendous importance for Iran, which has been crippled under sanctions for years and now the picture does certainly...

LONG TERM TREND BEARISHINTERMEDIATE TERM TREND NEUTRAL/BEARISHSHORT TERM TREND BEARISHVERY SHORT TERM TREND BEARISHGold has steadily sold off over the past week, with the continuing Greek crisis...

INTRADAY CHART 14th July: I have had to adjust the earlier (purple) Wave (i) and Wave (ii). This has a 323.6% projection in Wave (iii) at 14.38. Given the (brown) sequence lower has been stronger, it...

CLCrude futures moved lower on Monday, amid a stronger dollar supported by a preliminary Greek bailout deal and further delays in Iranian nuclear talks. On Monday afternoon, Iran foreign minister...

GoldMain scenario:The pair is trading along a sideways trend.An uptrend will start as soon as the pair rises above resistance level 1160, which will be followed by moving up to resistance level...

Gold failure to beat first resistance at 1157/58 re-targets 1154 then 1151. Be ready to sell a break below here today if not already short to target last week's low at 1148/47, perhaps as far as...