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 […]
Commodity Market Analysis
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 […]
Silver picks up bullish tone
Whilst much of the focus has been on gold over the last ten days as the ripples of the Brexit vote continue to wash through […]
Good news for commodities with Baltic Dry and CRB
As the first half of the trading year disappears astern, and we look forward to facing the second half, commodity markets in particular now appear […]
Gold and the US dollar post Brexit
Ten days on from the momentous Brexit vote seems a good time to reflect on and review some of the principle markets and indices particularly […]
Copper remains beaten down
Last week’s price action on the daily copper chart once again reflected the congestion phase for the base metal that has been building steadily since […]
Gold struggling to break away once again
As we prepare for a volatile week, with every catastrophic world event being laid at the door of the UK and Brexit, it’s time to […]
WTI oil testing $50 per barrel once again
Whilst many commodities reacted strongly to the US employment data on Friday, with a consequent surge higher on US dollar weakness, oil prices failed to […]
Oil prices continue to tip toe higher
For longer term traders and investors in oil, as we come to the end of another month with the latest weekly oil inventories now posted, […]
Bullish sentiment for gold draining away
The first quarter rally for gold appears to have run its course, with the precious metal now consolidating in a relatively tight range as bullish […]
Oil prices continue their stately progress higher
The word that comes to mind to describe the price action on the daily WTI oil chart is ‘stately’ with crude oil continuing to move […]