Commodities Analysis & Opinion

Last week was a torrid time for the precious metals, with both gold and silver breaking through key support levels above, and as a consequence turning heavily bearish. The two charts are almost...

What do you do when everyone is bugging you to do something, but you don't want to do it? The simple answer is that you make it look like you are doing something in order to get others off your...

A trading friend of mine send me this on Sunday evening: The implication being that since DG was mighty skeptical about the entire OPEC deal, that oil would probably rise (in contrast to DG’s...

The trading month doesn’t always end on a Friday but when it does we like to take a look at the monthly charts. Generally, I prefer daily and weekly charts because they have more data points....

Key Points: Weaker physical demand could be seen going forward. Recent bullishness could be undone by a supply glut. Resurgence in equities could increase appetite for risk. Given its apparent...

This Wednesday, OPEC members will meet on the sidelines of the International Energy Forum in Algeria. As they did in Doha last spring, members plan to discuss a potential oil production freeze.Rumor,...

Gold bulls back in control and a break above 1338 targets 1342/43 then important trend line resistance at 1349/50. This is the most important resistance of the day as we become overbought short term....

As summer transitions into autumn, there seems to be little change in the sentiment for gold, which continues to remain range-bound on the daily chart, still transfixed within the Brexit candle of...

Gold is flagging above the 200 week moving average while it waits for the dollar to generate the downward leg of its intermediate cycle.

October Crude Oil broke through and closed below trendline support on Wednesday, September 14, 2016, trading down to 43.42 and settling at 43.58.I think the market is still reacting to the...

Yes, Copper has been a disastrous commodity, largely because it is closely linked to the health of the Chinese economy.Let's notice on the enclosed daily chart that Copper has been in a period of...

The much awaited Jackson Hole speech by the Fed Chair Janet Yellen and the subsequent nonfarm payrolls data, failed to ignite the prospects of a rate hike this September of 2016. The market now...

Bottom line: Unless and until Oil breaks below $43.00—the September 1 low—my medium-term pattern and momentum work argue that all of the action off of the June high at $51.67 represents a...

October Crude Oil grinded higher in choppy trading on Wednesday, September 7, 2016, as traders continued to buy into the freeze headlines from OPEC and Russia. Traders were also not eager to sell in...