Commodity Analysis & Comment

US consumer prices at 9-month lows, suggesting smaller rate hike in December Contagion in crypto could be another boon for gold  After gold tests $1,771, the next leg higher sits at...

Silver is hovering near 5-month highs on US dollar weakness as the white metal is negatively correlated to the greenback.The dollar is under pressure as polls widely predicted a decisive Republican...

This week saw several important developments on the future of U.S. oil policy, production, and the price cap policy on Russian oil. Traders should be aware of how these developments are likely to...

If weather models confirm warming, gas prices could remain under $6 per mmBtu If Arctic cold breaks out, then Henry Hub could retest last week’s $7.20 highs Gas storage hanging close to the...

Technicals indicate a run toward $21 in first leg and $24 in second leg Weakness below $19.40 could trigger drop to $18.45 Silver an inflection point over potential to China’s COVID-Zero After...

CPI reading due in China on Tuesday, in the US on Thursday China reiterates commitment to COVID-zero approach US CPI could give timeline on Fed rate pivot Weak number could signal recession From the...

Aside from today's rate hike, attention on October jobs report If below estimated 191,000, it will build hopes for a Fed pivot on rates If close to or above September’s 263,000, Fed will stay...

Seven straight months of losses and counting: Copper is having its worst bearish streak in 25 years, with no immediate certainty of a rebound as inflation at near four-decade highs, aggressive central...

The relationship between the White House and Saudi leadership has soured tremendously since OPEC+, led by Saudi Arabia, decided to cut oil production against the Biden Administration’s wishes....

Henry Hub’s front-month back at above $6 after 4 weeks below that key level Market trapped between resistance of $6.28 and support of $5.80, charts show US storage likely grew by...

Cocoa prices have pulled away from 3-½ year lows despite recession risk Current $2,290/tonne price compares with March 2018 low of beneath $2,200 Friendly weather, abundant supply and growing...

In another example of market unpredictability, wheat futures are being hammered. The Russian invasion of Ukraine exasperated a supply shortage caused by coronavirus lockdowns. Russia and Ukraine are...

Heating oil down 11% from the week ended Sept. 30 through Oct. 21 Plunge came as first distillate stockpile build in 4 weeks met warm weather Charts indicate drop to $3.39 and below if next...

China’s flip-flops over COVID lockdowns are an anathema for crude traders Beijing’s September oil import of 9.79 million bpd was down 2% yoy More weakness if WTI holds below $90 and last...