Commodity Analysis & Comment

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...

Four straight days of double-digit gyrations on Henry Hub’s front month All eyes on Freeport LNG’s planned reopen US and Europe’s weather models giving muddle outlooks Giddy-up! 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...

As OPEC+ aims to carry out production cuts, China announces more COVID curbs Slowing output in U.S. shale patch Permian Basin also limits oil’s downside Fed and BoE expected to announce 75-bps...

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...

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...

This week, the Biden administration announced the release of 15 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR). The Biden administration began releasing oil from the SPR early...

Henry Hub’s front-month trades decisively below $6 vs. late August high of $10 More pain for gas longs as heating demand lower than year-ago bearish levels US utilities likely added a...

Cotton could finish year as third worst-performing commodity Cotton, which hit 18-month lows of under 82 cents per lb, could drop to 70 cents Despite plunge in Pakistani production, outlook for cotton...

Gold is off to a good start to the week However, the metal's fundamentals remain unfavorable in the long term Technically, a test of the resistance area between $1660 to $1676 should be critical going...