Commodities Analysis & Opinion

Relative Strength Index (RSI) is a technical-momentum indicator that attempts to determine when a market is in an overbought or oversold condition. It is deemed to be overbought when above 70 and...

As Cushing supplies decline due to increased logistic options out of the storage hub in the Midwest PADD 2 in Cushing, Oklahoma inventories are rising to elevated levels in the Gulf Coast. This...

Gold traded higher as per previous report and extended target area. However, it reverse quickly from an unexpected level later on. Now gold is trading around $1296, and as we can see on...

Since the first discovery of the massive Jubilee oilfield in Ghana by a start-up company, the West African playing field has begun to change, and so too have investor sentiments, disappointed most...

I recently warned that the correction was looming in the Precious Metals markets. On March 8th, I observed that the overall sector has become quite extended on the upside from a short term...

Yesterday the Gold price fell to a six-week low and this morning it is holding just below $1,300/oz, having fallen below the key level early this morning. As we explained earlier in the month, the...

US Corn exports increased to their highest level in 2014 along with sales increasing as well. Soybeans saw declining sales and exports following the trend seen for the past month. Soybean stocks are...

Gold remains defensive, having slipped below the $1300 level in overseas trading. Ongoing recalibration of Fed rate hike expectations — in the wake of Yellen’s comments last week —...

Gold failed below our first target of 1318/19 and broke lower to target the 200 day moving average at 1297/96 with a low for the week expected. We bottomed almost exactly here at 1298 and this should...

Gasoil ranging this week from 892/891 up to resistance at 902/903. A break above 905 should target 908/909. A good chance of a high for the day but a break above here cannot be ruled out and could...

Natural Gas overbought short term and unable to beat resistance at 4425/30, triggering a drift lower as expected to 4350/40 for a buying opportunity. This trade worked perfectly as we bottomed exactly...

Brent Crude spent all morning struggling at 107.35/45 resistance as expected and in the afternoon sold off to our buying opportunity at 106.60/50, with stops below 106.30. This trade worked perfectly...

Palladium broke out above a symmetrical triangle in early March. It stalled when it reached the previous high made during March 2012 and fell back to retest the triangle before moving back higher...

WTI Crude climbed strongly yesterday despite the latest Department of Energy report reflecting a much higher than expected build up in crude inventories. Prices pushed lower immediately when the...