Commodities Analysis & Opinion

Widening againThat prompt WTI crude spread has widened out again to more than $2/barrel with "upside for WTI limited at this stage," says Saxo Bank's head of commodities Ole Hansen."The prompt spread...

This week has been all about currencies, with a weak euro grabbing the headlines.At one point yesterday morning, the euro was 3% down from last Friday's close, hitting a 12-year low against the US...

Crude oil has moved to the downside achieving a daily closing below 47.35 as seen on the provided daily chart. RSI14 stabilizes below the value of 50.00, while Linear Regression continues to cover...

Silver stabilized between 61.8% and 76.4% Fibonacci levels after finding support earlier in the 15.30 territories. Still, the positive divergence on RSI14 persists and it could send the metal higher....

Crude Oil prices had earlier risen after the US dollar rally stalled on an unexpectedly weak U.S retail sales data. Dollar-denominated commodities, such as oil, become more appealing to holders of...

Gold remains trapped between 76.4% and 88.6% Fibonacci level of the wave from 1130.00 to 1307.00. The same technical conditions persist, as RSI14 reflects oversold, while 1151.00 has provided a good...

Price wise, crude oil is locked in a volatile range and it takes a break of 54.21 to set the stage for a rally to a double bottom objective of 58.29. The top of December congestion at 59.01 reinforces...

CLCrude Oil futures fell sharply on Thursday, as disappointing data on U.S. retail dampened optimism over the strength of the economy. In a report, retail sales fell 0.6% compared to 0.3% economists...

I’ll fly a starship across the Universe divide And when I reach the other side I’ll find a place to rest my spirit if I can Perhaps I may become a highwayman again Or I may simply be a...

Take the S&P 500 Index and multiply by the US dollar index. This removes most of the currency variation. Do the same with silver. The chart of silver times the dollar looks very much like silver...

The oil market continues to swing lower as the pressure on it continues to add up, but the pressure is not coming from the supply and demand side as many had expected. Instead, it’s being driven...

Last November and December, many believed the oil crash had hit bottom, and a horde of insiders bought shares in their own companies.I’m not talking about just a few thousand shares,...

Yesterday’s extreme defined technical objective at 47.30 almost done after breaching the support line of the correctional channel. Coverage from Linear Regression in addition to the aforesaid...

Silver: The strong support of 15.25 held as a stance as 76.4% Fibonacci retracement has offered a strong support to the metal. Despite stability below, Linear Regression but yesterday’s long...