Commodities Analysis & Opinion

US Dollar TECHNICAL ANALYSIS – Prices corrected sharply lower, producing the largest daily drawdown in two weeks. A daily close below the 14.6% Fibonacci expansion at 12066 exposes the 14.6%...

WTI Crude strong resistance at 5400/10 is a great challenge for bulls today. We are overbought short term and it could be worth trying shorts with stops above 5440. Only a close above here keeps the...

Gold outlook remains negative and failure to beat 1193/94 triggers a move towards support at 1184/83. We should hold here initially at least but with the outlook quite negative be ready to go with a...

Copper has fallen dramatically over the last year mostly due to global over-supply but also due to the strength of the US Dollar which is the currency that is priced in.Chinese economy continues to...

Gold did not move much last week so our view remains unchanged. We are expecting another swing high as we see slow price action in tight range that looks like a triangle in wave b). as such, price is...

When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds issued by frackers, for...

First published Tues Apr 14 for members of ElliottWaveTrader.net: Several months ago, I presented you with an “evil” plan, with which the metals and miners have followed through quite well...

NOTE: I’d like to share some links to some really fantastic trades by some members of ours.Mr. Bent really took on my sell trade recommendation with the EURGBP and pyramided into the trade...

Gold for Wednesday, April 15, 2015In the last couple of days Gold has eased below the key $1200 level again where it is presently trading in a narrow range above $1190. Presently it seems gold has an...

This chart looks at crude oil over the past couple of decades, on a monthly basis. Crude oil's large decline over the past 8 months took it down to its Fibonacce 23% retracement level and a support...

The sugar market in NY closed the week pretty much unchanged on the first maturities for the 2015/2016 harvest, but at a vigorous high for the maturities beyond the curve, starting in May 2016 with...

Today could be seminal for gold and silver, as each approach key technical levels on the daily timeframe. Since the start of the month, both gold and silver have rallied, but increasingly they are...

Gold Main scenario:The pair is trading along a downtrend.The uptrend may be expected to continue while pair is trading above support level 1200, which will be followed by reaching resistance level...

Oil has been able to re-test 88.6% Fibonacci level as seen on the provided daily chart. Stability above 76.4% with a daily closing in addition to being carried by linear regression from the underside...