Commodities Analysis & Opinion

US Crude Oil Futures fell to a 5 month low yesterday on oversupply concerns. Polls released yesterday showed that analysts believe that crude inventories will gain by an average of 1.8 million barrels...

Silver is ranging between resistance at 21.80 & support at 21.48. A low for the day is likely here but any longs need stops belowthe 100 day moving average at 21.38. Go with a break lower then for...

Gold was stuck again in a slim trade early Wednesday, extending the sideway move after posting its longest slide in nearly six months in the wake of Federal Reserve's tapering doubts. The precious...

Crude oil rebounded from the lowest level in five months after the American Petroleum Institute (API) showed that gasoline stocks fell 4.3 million barrels last week, far below analysts' expectations...

Gold prices fell yesterday following the release of US business data that showed activity picked up last month. The Institute for Supply Management’s non-manufacturing index rose to 55.4 in...

CLCrude fell to trade near the lowest price in more than four months amid speculation crude inventories increased for a seventh week in the U.S., the world’s biggest oil consumer. WTI fell 5.8...

Gold tested support at 1306 which held the downside once again as expected, but a break below 1304 today keeps the market under pressure for a test of excellent support at 1295/94. Exit shorts and try...

Gasoil tested September lows, 6 month trend line and good Fibonacci support at 900/898 to exit shorts and try longs expecting a low for the day with stops below 892. This trade worked perfectly as we...

Hourly ChartSo much for starting the next bearish phase. We are back to square one after yesterday's bearish push failed to break the tail end of the support zone that stretches all the way to...

Last week’s announcement by Barrick Gold to halt their ”Pascua-Lama project on the border of Chile and Argentina has highlighted startling divergences between the two South American...

At the moment gold is at a critical crossroads. If it can move above $1375 it will confirm that an intermediate degree bottom occurred last month at $1251, and start a pattern of higher highs. If...

Yesterday’s analysis expected downwards movement to a minimum of 1,308 before upwards movement. Price moved lower as expected, reaching down to 1,305.97.The corrective structure of minute wave b...

Gold bulls are frustrated with the metals’ lack of follow-through, while gold bears are no longer experiencing the declines seen this past spring. Markets expectations of a tapering in asset...