Commodities Analysis & Opinion

Trading consistently above 6,060 levels would lead the rally towards the strong resistance at 6,140 levels, and then finally towards the major resistance at 6,200 levels. MCX Crude oil Aug as...

Copper prices to find support in the range of 430 – 429 levels. Trading consistently below 429 levels would lead towards the strong support at 424 levels and then finally towards the major...

silver prices to find support in the range of 44,050 – 44,000 levels. Trading consistently below 44,000 levels would lead towards the strong support at 43,400 levels and then finally towards...

Currencies The euro climbed up to 1.3429 against the dollar as the US Non-Farm Payrolls (NFP) came out 209K number of employed people, while the expectation was at 231K. However, the single currency...

Oil futures were little changed on Monday after falling sharply last week, with Brent hovering around $105 a barrel amid concerns over the supply disruption in conflict-hit Libya.The selling pressure...

Gold was little changed on Monday, traded above one-month low, as lower than forecast U.S. nonfarm payrolls data lessened speculations the Fed would raise interest rates sooner than anticipated.The...

Gold is trading a bit in the red this morning as trader’s book profits from the metals mini rally on Friday after the nonfarm payroll release. Gold is trading at 1293.90 down almost $1 as the...

PRECIOUS METALSThe 6-month SPDR Gold Trust (ARCA:GLD) chart below shows a bullish divergence and buy signal in the fast stochastic. There is no such divergence in the more important slow...

Crude OilWest Texas Intermediate oil futures tumbled to a six-month low on Friday, as concerns over U.S. demand for oil and fuel products like gasoline drove prices lower. The U.S. Department of Labor...

It is a testament to the psychological power of financial bubbles that people who know and trust me and generally accept the analysis I've put forth in my writings over the last decade are jumping...

Chart 1: Weekly RSI levels indicated no assets are overbought right now! Last time I updated the Overbought vs Oversold chart was in late June of this year. One of the observations I made in that...

The chart below illustrates the changes in correlation between gold, oil, and US equities. After the middle of 2011 -- about 3 years ago -- the correlation went from positive, as they had been since...

We saw more consolidation and chop for markets and stocks this past week while even good earnings numbers aren’t helping stocks move higher.We started to see some weakness come into the market...

Oil Speculators overall long positions drop again to lowest standing since February 4thCrude Oil: Large futures market traders and speculators cut back their overall bullish bets in crude oil futures...