Commodities Analysis & Opinion

Gold – Thursday 25 June 2015Throughout this week gold has fallen sharply from above the key $1200 level back to below $1180 where it is presently trying to hold onto. In the few days prior gold...

Crude (24.06.2015) trapped in a tight range since beginning of May 2015 and still searching for a direction. However, the range bound move provides great trading opportunity for swing traders. Now as...

GDP data due out today should have an effect on whether or not strength remains in commodities based on US growth continuing to bolster demand. Worse than expected German economic data has taken back...

The cycle of accumulation and distribution defines cause (building) within a broader mark down phase. A growing majority sees the countertrend rally as the end of mark down (bear market) and beginning...

Oil is trading near the main resistance areas of the sideways range as seen on the graph. Trading above moving averages 20 and 50 keeps the bullishness favored. A break above 61.40 is required to...

Gold stabilized below 23.6% Fibonacci retracement seen on the graph at 1179.00, which is a negative sign. Trading below 1189.00 is also negative. Gold is currently targeting 1171.00 and 1162.00, while...

Gold and silver rebounded following the Fed minutes released last Wednesday. However, one week later both metals are back below pre-Fed levels and moving dangerously close to important support. Silver...

Steel production fell worldwide last month as Russia’s top oil producer, Rosneft (MCX:ROSN), expanded exploration to Venezuela and Arcelormittal (AMS:ISPA) (NYSE:MT) has lost nearly $300 million...

There is no question that precious metals along with gold and silver mining stocks are clearly out of favor with investors. Most of these stocks are 50, 70, even 85% since the 2011 top. It has been...

CLCrude futures surged on Tuesday extending gains from one session earlier in spite of a stronger dollar, as traders looked ahead to weekly data on U.S. stockpiles of crude and refined products. The...

Gold (XAU/USD) and Silver (XAG/USD) are naturally two very correlated commodities, and the recent action is no exception. Gold is near a support and a previous broken trendline. There was recent...

As presented in all our charts for the last several weeks, we had support levels and break-down confirmation levels which were not broken, which would have signaled the immediate move down to lower...

Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of...

Gold – Wednesday, June 24th, 2015In the last couple of days, gold has fallen sharply back under the key $1200 level, back to below $1180, where it is presently drifting a little lower. In the...