Commodity Analysis & Comment

With the U.S. nonfarm payrolls (NFP) report for November due soon or out by the time you’ve read this, remember there are two timelines for precious metals to react to the report.They are:The...

I have written in depth about the upcoming Russian oil sanctions and price cap and outlined two basic scenarios for how traders can expect the market to react. However, no consensus has been reached...

U.S. gas storage/deficit little changed from year-ago levels  Gas output, meanwhile, at record high; heating demand well short of forecast  If substantial cold doesn't arrive in December, a...

November’s 7% gain was the most for gold since May 2021 Price needs to break beyond $1,786, otherwise will stay trapped at $1,700 So long as Fed controls inflation narrative, gold’s...

After 7 months in the red, copper looks set to finish November up 9% Year-to-date, it remains down 18%, after a 22% drop from March-October Copper hit 20-week high of $3.9470 in mid-November, needs...

Energy stocks outpace the broad equity market Crude oil has fallen to its lowest price since January, now down year-on-year Possible long-term support on the chart, potential bullish fundamental...

Crude oil prices hit 10-month lows this week after Group of Seven (G7) member countries proposed a high price cap on Russian oil, easing concerns over supply constraints. Crude prices were also pushed...

OPEC and OPEC+ aren’t meeting until Dec. 4, but rumors about OPEC’s plans for oil production are already making headlines and moving the market.On Monday, the Wall Street Journal reported...

OPEC+ seems headed for output cut on Dec. 4 Top oil importer China COVID problem as troubling as 2020 Oil market finding it hard to decide which is bigger issue With less than two weeks before its...

What could slow or stop the bear onslaught in oil?It’s a question crude traders are likely to be asking earnestly as the market dips on China COVID headlines and as oil prices slump again at the...

The long-awaited oil sanctions and price cap on Russian oil are slated to go into effect in just a few weeks, on Dec. 5. The sanctions apply to G7 countries (Canada, France, Germany, Italy, Japan, the...

Near-term cold blast vs. forecasts for warmth test gas traders' mettle Record dry gas output, lack of update on Freeport LNG’s return Charts indicate $7.27 high to $4.74 low broader term When...

Nickel up more than 30% for November Other industrial metals in the negative for the year Nickel has broken above $30,000/tonne but could face resistance at $32,900 China’s apparent easing of...

Precious metal prices—gold, silver—and related miners have been bearish for quite some time now. It looks like that is starting to change.When I look at the charts for gold and silver, I...