Commodity Analysis & Comment

Oil prices are trading higher in the first week of 2024 as global geopolitical tensions offset soft economic data. The market still expects the Fed to deliver at least several rate cuts this year. If...

A bearish EIA report saw oil giving back some of its gains made earlier in the week. Meanwhile, nickel continues to come under pressure with fundamentals set to remain soft through 2024Energy - Large...

Forecasts for 2024 are now predicting declines in oil prices. But in the short term, events in the Middle East have put upward pressure on prices. The range of $70-80 per barrel remains a key...

Oil prices moved higher yesterday with tensions continuing to grow in the Middle EastEnergy – Tensions LingerFurther tension in the Middle East pushed oil prices higher yesterday. ICE Brent...

Where could gold prices go in 2024? Here's a quick look at the bull and the bear case for the metal.In 2023, gold’s performance was notable for several reasons. First, the price of gold climbed...

Since I wrote my last analysis, I find the gold bulls continued to face stiff resistance on Dec. 28, 2023, despite making the last attempt of the year to sustain above the immense resistance at...

Precious Metals have been strong this month and have metalheads excited for next year.One gauge that I use to highlight the strength of Gold is the ratio of the price of an ounce of Gold to the US...

Upon analyzing movements in gold futures in the wake of a bearish tone in Dollar Index futures following an extended weekend, it is evident that challenging times lie ahead for gold bulls striving to...

The metals market has seen divergent returns as oversupply has impacted Nickel and Palladium On the other hand, iron ore and gold prices have fared much better, sitting on double-digit YTD...

It’s been a profitable year for the major asset classes, with a glaring exception: commodities. The general slide in prices of raw materials stands out in an otherwise rising tide for global...

Crude oil ended a seven-week decline last week, supported by easing demand concerns. Despite a shaky start this week, oil prices show potential for a bullish reversal, indicated by technical signals,...

The positive sentiment following the Fed’s comments continued yesterday, with energy and metals trading in green. As for metals, new sanctions by the UK on Russian metals combined with positive...

Investors are getting excited about the Federal Reserve’s interest rate pause and a soft landing for the economy.Time will tell, but I do want to share with you a correlation that may be telling...

On analysis of the movements of the US Dollar Index futures, I find that the US Dollar is likely to regain a strong reversal from the first trading session of the upcoming week as the current sell-off...