Copper runs out of steam
Whilst the precious metals collapsed and turned heavily bearish, copper too is having its own battles to maintain the bullish trend of the last few […]
Commodity Market Analysis
Gold trading lower and now testing key level…..again
The metronomic price action for gold is continuing to play out once again on the daily chart, with the rally of late September starting to […]
OPEC gives crude oil a boost
Crude oil managed to find some bullish momentum last week largely as a follow through to the OPEC meeting which announced it would be cutting […]
Copper pauses at key technical level
The bullish trend for copper that I signaled in a post earlier in the month, now appears to have come to a halt, with the […]
Gold continues to remain rangebound
The technical support platform in the $1305 per ounce area came to the rescue of gold once again last week, with five consecutive days of […]
Will the FED provide the catalyst for gold?
As summer transitions into Autumn, there seems to be little change in the sentiment for gold, which continues to remain rangebound on the daily chart, […]
Oil supply glut continues to weigh heavily
Despite comments from Venezuela suggesting an agreement to cut output, that has resulted in a bounce for oil this morning, last week was another negative […]
Copper receives a boost from China
Copper received a much needed boost overnight from China with both factory output and retails sales increasing at a faster pace than expected in August, […]
IEA revision increases the pressure on oil
This morning’s IEA supply report has suggested demand would remains weak into 2017, and with a downward revision to its demand forecast, this has added […]
Silver looks to the USD for help
Yesterday was, once again, another negative day for silver, which continued lower for a fourth consecutive session, opening gapped down from Friday’s close before ending at […]
CRB index continues to remain bearish
The The weekly chart for the CRB index once again confirmed the weakness for the commodity sector in general, closing at 183.46 and well off […]
Over supply continues to drive copper prices lower
As global markets return to business after the summer recess, and commodity markets attempt to find some much needed traction, the story for copper is […]
Silver remains bearish but finds some technical support
Last week was a more positive one for silver which finally found some much needed upside momentum following the recent bearish picture on the daily […]
CRB index remains very bearish
Another bad week for commodities in general with the CRB index reflecting the bearish sentiment currently in place across the complex. This weakness was triggered […]
Oil prices remain under pressure ahead of NFP
Oil prices have continued to remain pressured once again this week as a confluence of fundamental and technical forces combine to maintain bearish sentiment. And […]
Gold pausing ahead of the FED
Gold prices continue to remain locked in a tight range ahead of today’s key statement from the US FED, and with interest rates likely to […]
Oil remains very bearish ahead of inventories
The longer term recovery for oil which peaked in the $52 per barrel area last month, is now reversing once more and picking up bearish […]
Gold canaries waiting to sing
Last week’s bearish engulfing candle for gold on the weekly chart appears to have had some follow through at the start of the new trading […]