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 […]
Commodity Market Analysis
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 […]
Gold finally breaks away from volatility candle
Gold prices finished last week in bullish mood once again following the extended period of price congestion which has seen the precious metal trade within […]
Bullish copper takes out key level
After the malaise of the last few months, copper finally nailed a key technical level firmly into place on Friday as the red metal surged […]
Slower timeframes reveal the future for oil
With so many traders keen to forecast the longer term prospects for crude oil, I thought it was time to add my own thoughts, and […]
Oil takes out one level, and now looks to the next!
When considering such as bearish chart as for crude oil, it’s interesting to play a mind game and consider it as perhaps a stock chart […]
Copper and the Aussie dollar under the cosh
For commodity currencies, and commodities in general, with the exception of gold, it’s been a torrid start to the year, with the Canadian dollar under […]
At last some good news for gold bugs
Whilst it’s been a very unhappy new year for many commodities, with crude oil plunging and copper following suit, for gold it’s been a rosy […]
Not a happy new year for WTI
For oil prices, the new year could hardly be described as happy, as the relentless decline in prices continues, with December’s pause now starting to […]
What I said, this time last year
As regular readers will know, every year I write an end of year analysis, with a look forward to what the new year is likely […]