Commodities Analysis & Opinion

The price of the oil barrel accumulated a 12% fall on the foreign market only this October (the yearly accumulated value is at an 18.5% loss) allowing the government to hold off on an eventual gas...

Zinc is the favored industrial metal to gain next year, according to a survey by the LME. A global industry group is forecasting supply deficits in 2014 and 2015. Zinc prices traded lower last week...

The global copper market is broadly expected to move into a significant surplus next year, but supply typically falls short of estimates due to unforeseen events such as strikes and problems in mining...

Silver prices continued to tumble for the third straight month as bulls were completely over powered by bears. On the downside, successful breach of the previous low of Rs.37211/kg has led to further...

Prices also retraced by around 50% during the month after it rallied from a low of Rs26313 per 10gms in September to a high of Rs27640 per 10gms in October. Gold prices traded sideways last month...

Gold prices dropped to four-year low on Friday, completing the downside move that started last Wednesday after the U.S. Federal Reserve’s decision, and we witnessed today a drop in gold prices...

The metal dropped sharply last week and stabilized below 1182.45 showing above. Trading below the latter keeps the bearish possibility valid, while stabilizing below 1176.00 strengthens the...

Resistance is now observed in the range of 245 - 246 levels. Trading consistently above 246 levels would lead towards the strong resistance at 251 levels, and then finally towards the major resistance...

Resistance is now observed in the range of 422 - 423 levels. Trading consistently above 423 levels would lead towards the strong resistance at 427 levels, and then finally towards the major resistance...

silver prices to find support in the range of 34,600 – 34,700 levels. Trading consistently below 34,600 levels would lead towards the strong support at 33,400 levels and then finally towards the...

Resistance is now observed in the range of 26,500 – 26,550 levels. Trading consistently above 26,550 levels would lead towards the strong resistance at 27,000 levels, and then finally towards...

MetalMiner has been following the iron ore ban story in India quite closely. In Goa, the mining of ore was banned in September 2012 after findings of a judicial commission said the illegal mining...

Crude OilWest Texas Intermediate, the North American crude benchmark, fell 12 percent last month and has shed a quarter of its value since touching a $107.30 high this year on June 20, closing at...

Oil is showing some signs of accumulation. Note the trading range, highlighted by the box, as well as the long wicks on the candles in the box. The low on Friday was also higher than the low on...