Commodities Analysis & Opinion

For Corn, same levels apply for today as they did yesterday. We must now hold above 371/370 in the seven-week Bull trend recovery and break above 374/375 to target strong resistance at 378. We could...

Wheat now looks more positive and has reached our target and resistance at 552/553. We topped exactly here as predicted but are trying for a break higher overnight to target 558/559 before November...

Soybeans immediate resistance at 1054/55 again today of course. A break higher is certainly possible today and is more positive for the outlook. We should then target 1059/60 and perhaps as far as...

While it hasn’t affected gold significantly, the price of oil has fallen quite dramatically over the past couple of months, and that’s bad news for Crude Oil companies. Profit margins are...

LONG TERM TREND: BEARISHINTERMEDIATE TERM TREND: BEARISHSHORT TERM TREND: NEUTRAL/BEARISHVERY SHORT TERM TREND: NEUTRALGold has continued to drift higher in a bearish rising wedge pattern over the...

Silver: The metal moved to the upside approaching the significant resistance 16.78. Linear Regression Indicators and MACD are positive. RSI is trading above line 50 indicating the possibility of...

The prices of base metals are currently being traded to mixed results at the London Metal Exchange. These metals are aluminium alloy, aluminium, copper, lead, nickel, tin, zinc, and NASAAC (North...

After the big run that Zinc has had this year, prices are now experiencing a correction in the last quarter. This is normal behavior since investors start taking profits after prices have risen...

Ali Al Naimi, the infamous Oil Minister of Saudi Arabia, expressed his utmost happiness on Tuesday as he arrived to Vienna for the highly awaited OPEC meeting this week, dismissing worries about...

Oil traded in a limited range on Tuesday ahead of the awaited Organization of the Petroleum Exporting Countries (OPEC) meeting on the 27 th of November in Vienna.Markets are focusing on the OPEC...

Crude oil stabilized close to 74.00 levels and Linear Regression Indicators are still negative, which support keeping the bearish scenario on the short term waiting to test 72.65. Breaking the latter...

Gold inched higher in Asian trading today and is trading now around 1200.00. Stability above the referred to level favors extending the upside move towards 1213.05, whereas the latter represents 38.2%...

We haven’t looked at these in awhile, so its time for a quick revisit. With a strong rally in the US Dollar Index over the last several months, many commodities including Precious Metals...

The most common question asked to me this past week was “are you sure that lower lows are going to be seen in the metals?” And, the fact that people are asking such questions means, to...