Commodity Analysis & Comment

China demand supportive to crude in pre-holiday trade while COVID fear beckons Charts show WTI could retest last week’s $77 peak but could also drop to $65 US housing and consumer confidence...

In the past two weeks, stocks have struggled to break through resistance and extend the holiday rally. I wrote about it in the last article. Commodity prices starting to fall is a bearish sign. There...

The price of oil is not the only factor leading to lower pump prices lately Refineries have been running at nearly full capacity at a time when they usually run at lower capacities The reason is that...

After overdrive into freeze territory, weather signals turn bearish somewhat  Natgas’ front-month tumbles 7% following 5-day rally of almost 30%   Gas bulls expect another round...

After a relatively benign CPI for November and Powell's dovish remarks, $1,900 gold is within striking range Strong acceptance of the $1,842-$1,845 level could pave the way for next up-leg toward...

Oil’s comeback could be a “noisy rollercoaster ride” instead of a V-shaped rally WTI is seen targeting $77 first, with final near-term resistance at $88 Possibility still open for...

Inflation, rate hike-wary markets likely to hold off on oil rebound till CPI, Fed Nov CPI forecast at 7.3% annual growth vs. October's 7.7% yearly rise Fed is seen raising rates by 50 basis points...

OilOil prices have started the week with a lot of volatility. Two factors underpin the price of crude and Brent oil. Firstly, Russia has threatened to punish the West for its price cap act. Putin said...

The IEA says renewables will “become the largest source of global electricity generation by early 2025” However, the latest market numbers indicate otherwise Renewables are not likely to...

Gas prices are up 5% after near 25% plunge over five days  Gas storage is not very different from end-2021 levels  Dry gas output has reached all-time highs of 102 billion cubic feet per...

Silver advanced four days in a row on expectations and follow-through of a softening Federal Reserve after Fed Chair Jerome Powell signaled his bank would slow the pace of tightening. Silver and the...

17 of 34 commodities tracked by Investing.com show annual losses Slide comes as dollar rallies anew on notion Fed may turn hawkish again in 2023  How much lower could the losing commodities go...

Russia needs to back up its defiance of the oil price cap with proof China could do more reopenings from COVID lockdowns OPEC+ needs to inject support into the market with hawkish talk; if not,...

Gold started to perk up over the past month, finishing November on a very strong note.But there is much more going on here. Gold closed at a key price resistance level —and not just any old...