Commodities Analysis & Opinion

By Mike GleasonAs speculative fervor fuels price spikes in technology stocks and cryptocurrencies, gold continues to quietly hold its major support level.The monetary metal tested the critical $2,000...

Gold prices increased slightly on Friday to over $2,000 an ounce after recent volatility, but analysts say continued recovery is unlikely.Gold Sees Increased Volatility, Surges Above $2,000In the last...

Natural gas futures reach pandemic lowsOversold signals present; confirmation above 1.65   Natural gas futures (March delivery) experienced another painful week, plummeting towards the...

The physical oil market remains relatively bullish, with crack spreads and futures prompt spreads continuing to trend higher. This suggests the oil market is much tighter through the first few months...

Gold and Silver have bounced from support at $2000 and $22.00 and the gold stocks have rebounded from a very oversold condition on Wednesday.But what if $2000 and $22.00 are broken to the downside? We...

OPEC and the International Energy Agency can’t seem to agree on anything. Not only has a war of words broken out between these two groups, but they continue to see the global energy markets from...

EIA reported inventories rose by 12 million barrels last week Volatility remains amid uncertainty Inverse head and shoulders forms Oil prices remain very volatile and last week’s unexpected and...

Trade Ideas for Thursday 15th February 2024 Gold XAU/USD held a $12 range as we consolidate after recent deep losses. Although we dipped below 1987 we only reached 1984. I feel comfortable trading in...

Somehow oil and petroleum products become Inflation-Proof when the supply side starts to drain. The consumer price index came in hotter than expected at 3.1% in January. The core rate came in at 3.9%,...

After analysis of the movements by the gold futures since Feb. 2, 2024, I find that the big bears finally attacked on Feb. 13, 2024.This fall was evident enough to keep the trend downward for a long...

Yesterday’s stronger-than-expected US CPI print put significant pressure on gold, while oil managed to edge higher with signs of some tightening in the marketEnergy - OPEC Continues to Expect...

Trade Ideas for Wednesday 14th February 2024 Gold XAU/USD tested resistance at 2023/26 and below 2029 keeping us short. Gold collapsed on the CPI release and immediately broke support at 2013/11 to...

Today’s US CPI report will be released with Chinese markets closed for a “Golden Week” holiday.The lack of liquidity means wild price action is likely when the report is released,...

US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this...