Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: The sector is looking for stimulation in here. PE Gold at 1302.14 trading higher with a move to 1310 seen. If that does not hold, it may break to and below 1290-1280 medium term. ICE Brent Crude at 78.67 is headed to 78, and […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Thursday on profit-taking following days of rises. The most active Corn contract for July delivery fell 4.25c, or 1.04% to settle at 4.0425 bu. July Wheat delivery went down 0.75c, or 0.14% to close at 5.3025 bu. July […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished higher Wednesday with the hope that China will import more US agriculture products. The most active Corn contract for July delivery rose 3.75c, or 0.93% to settle at 4.085 bu. July Wheat delivery went up 9.5c, or 1.82% to close […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Gold at 1292.20 bounced from 1280, and while 1275/80 holds, the price could to 1310 before coming off to 1280 or lower. For now the trend is South. Silver at 16.56 is ranged. It has risen form 16.50 and could hit 17. Overall, […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished higher Tuesday with Wheat rallying amid world weather concern and technical buying. The most active Corn contract for July delivery rose 2c, or 0.5% to settle at 4.0475 bu. July Wheat delivery went up 14.25c, or 2.81% to close at […]

Consider this…should we believe “this time is different?”

Consider this…should we believe “this time is different?”

Consider this…should we believe “this time is different?” $DIA, $GLD, $SLV, $USO Here’s a BEV chart for the Dow Jones going back to January 1982.  The BEV plot fell to its -25% line (Dow Jones 777) in August 1982.  This was a historic bottom; after it nothing would ever be the same again for the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL ICE Brent Crude at 79.36 and Nymex WTI Crude at 72.51 are stable. WTI Crude’s 1st resistance is at 73 which could push the price down to 71 near term. ICE Brent Crude looks to have some room on the Northside at 81-82. But if […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday with Soybean up 3% as US-China trade tensions eased. The most active Corn contract for July delivery rose 0.25c, or 0.06% to settle at 4.0275 bu. July Wheat delivery went down 11c, or 2.12% to close at 5.0725 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL ICE Brent Crude at 79.05 and Nymex WTI Crude at 71.89 could see some near term falls to 77 and 70.50 respectively before attempting another rise. Gold at 1288.70 is stable near current marks. A fall to support at 1275 is not expected, so the […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished mixed on the week which ended 18 May, with Soybean futures falling 0.47% on precieved trade tensions between China and the United States. The most active Corn contract for July delivery rose 6c weekly, or 1.51%, to […]

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’

Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’ $DIA, $SPY, $QQQ, $USO, $OIL, $VXX BP (NYSE:BP) CEO Bob Dudley expects a flood of US Shale Oil, and the reopening of OPEC taps to cool the Crude Oil market after price rose above $80 bbl this week. US President Donald Trump’s decision to exit an […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Brent Crude at 79.58  is trading higher, the Crude Oil Bulls look strong in here and could test 81then dip to 79. WTI Crude Oil at 71.74 sees resistance 73 and push the price down to 70. But if it break North then 74-75 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Wheat futures rising for the 3rd session running on worries that adverse weather will lead to crop shortfalls in Key growing areas around the world. Soybean futures fell, pressured by fresh concerns about exports. Corn futures […]

China Buying Major Soybean Tonnage from Russia 

China Buying Major Soybean Tonnage from Russia 

China Buying Major Soybean Tonnage from Russia $SOY China, the world’s biggest Soybean importer, almost 3X’s purchases from Russia during this current  trade dispute with the US, the world’s biggest producer of the Oil seed. Russia sold about 850,000 tonnes of Soybeans to China in MY 2016-2017, according to Russia’s agriculture agency. That is more […]

OPEC and the Iran Deal

OPEC and the Iran Deal

Suhail Al Mazrouei, Minister of Energy and Industry has played down the impact of the recent US decision to withdraw from Iran nuclear deal on OPEC, saying the organisation has been through a lot in the past, reflecting its resilience during geopolitical issues that arise on regional and international levels. “I don’t think this time […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished mixed Wednesday, with Soybean futures dropping nearly 2% on profit taking and some uncertainty of China-US trade consultations. Wheat futures ticked higher on short-covering, recovering from a 3-week low hit Tuesday, while Corn edged lower. The most active Corn contract […]

Gold is a Buy

Gold is a Buy

Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates. The analyst compared the current situation to the one gold and oil markets experienced 20 years ago. “Back in the first quarter of 1999 oil was $11 […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Brent Crude at 78.18, and WTI Crude Oil 71.05 are stable in here. WTI Crude Oil has support at 70.50 and could move up in here, while there is little room on the upside for Brent Crude. Brent Crude has Key resistance at 80, and could be ranged […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities traded mixed Tuesday morning, with Soybean futures rising, as the trade tensions between China and the United States showed signs of softening. CBOT brokers estimate that funds Tuesday sold 6,500 contracts of Soybean, bought 2,000 contracts of Chicago Wheat and […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday, with Soybean futures surging more than 1% on news of easing trade tensions between China and the United States. The most active Corn contract for July delivery kept Unchanged at 3.965 bu. July Wheat delivery dropped 7.5c, or […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

  Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Brent Crude at 76.75, and WTI Crude Oil at 70.47 have paused to refresh after the sharp rise seen in the last few sessions. WTI Crude Oil could test support at 69.5-70.0 before again trying to move up again. Brent Crude could come off […]

Chicago Agriculture Commodities Traded Down Friday

Chicago Agriculture Commodities Traded Down Friday

Chicago Agriculture Commodities Traded Down Friday $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded lower Friday after Top Soybean buyer in China lowered its import estimates for MY 2018/19. Soybean futures suffered double digit losses after China, the biggest importer of US Soybean, predicted a decline in  imports for the 1st time in […]

Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded mixed Thursday,as Wheat futures fell to a near 2-week low after the US Department of Agriculture’s (USDA) 1st official estimate of the 2018-19 US Wheat harvest came in above trade expectations. Soybean futures rose, and Corn followed Wheat lower. CBOT […]

Oil is not a Buy

Oil is not a Buy

The price of crude oil has risen to an almost three-year high, following US President Donald Trump’s unilateral decision to withdraw from the Iran nuclear deal, as well as bullish US crude inventory numbers. Trump announced the return of a raft of sanctions against the Iranian regime within the next 180 days unless a new, […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: US Crude production has risen to 10.7-M BPD from 10.62-M BPD the week prior. The EIA has now raised its US Crude Oil production outlook to rise by 1.14-M BPD for the next year revised up from the earlier projection of 750,000 BPD. PE Brent […]

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded lower Wednesday as traders were squaring their positions ahead of a Key monthly crop report. The most active Corn contract for July delivery fell 0.5c, or 0.12% to settle at 4.0275 bu. July Wheat delivery went down 4c, or 0.78% […]

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’

Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’ $DIA, $SPY, $QQQ, $VXX, $GLD The Gold market is greeting geopolitical turmoil with a Yawn, as stocks made a strong move North on with the S&P 500 and the NAS Comp each + 1.0%, and the DJIA advancing 0.8%. The precious Yellow metal has dropped for 3 weeks […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Tuesday, US President Donald Trump  announced his decision to quit the Iran nuclear deal. PE Brent Crude at 76.69 trades higher after testing intra-day lows of 73.10 Tuesday. WTI Crude Oil at 70.63 is up from 67.64. Note: While the rising momentum is strong Brent Crude […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday on reports that Beijing and Washington pledged to continue trade talks. Tuesday, Chinese President Xi Jinping said that China and the United States should maintain communication to try to find a way to properly solve their trade […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: US President Donald Trump Tweeted Monday announcing his decision on Iran will come at 2:00p EDT Tuesday, the market awaits the announcement. PE Brent Crude at 75.52 dipped from 76.34, while WTI Crude Oil at 69.98 is down from 70.83. Both are down from […]

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded lower Monday morning amid concerns over the ongoing trade dispute between the United States and China. As of 1456 GMT, July Corn was down 5.5c at 4.0075 bu, while July Wheat was down 13.75c at 5.125 bu, and July soybeans […]

Oil Price on the Move: Sell the Rally

Oil Price on the Move: Sell the Rally

Crude surged to the highest level since November 2014 over fears that the United States could pull out of the Iranian nuclear pact. If the deal is scrapped, Iranian oil exports are at risk. Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The yuan-traded Shanghai futures surged to […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Note: Crude Oil trades higher as the 12 May deadline for Iran sanctions nears. Brent Crude at 75.22 to test the prior high at 75.60 and looks Bullish in here. Brent Crude could continue to move up to make […]

Chicago Agriculture Commodities Traded Mixed on the Week

Chicago Agriculture Commodities Traded Mixed on the Week

Chicago Agriculture Commodities Traded Mixed on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded mixed on the week ended 4 May, with Soybean futures dropping nearly 2%. The most active Corn contract for July delivery rose 7.75c weekly, or 1.94%, to 4.0625 bu. July Wheat delivery added 27.75c, or 5.57%, […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Friday, 72 and 66 look like the major support on Brent Crude at 73.60, -0.03%,  and WTI Crude Oil at 68.43, -0.01% that if they hold and drive the prices higher, or stabilize move sideways or rally up towards 74-75 […]

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded lower Thursday morning, with Wheat futures falling as rain fell across part of US plains which will benefits Wheat growth conditions. Investors awaited news from consultation between China and the United States on economic and trade issues which may be […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Crude Oil looks stable in here.PE Brent Crude at 73.18, and WTI Crude Oil at 67.81 are looking stable now. Brent Crude could be trading within 76-72 for a while, and WTI Crude Oil tests resistance near 70, could come off to 66-65 near term. […]

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded lower Wednesday morning, with Wheat futures falling on investors’ profit taking. Wheat prices rose Wednesday on reports from the Kansas Wheat Tour noting that cold and dry weather had slowed the growth. Some reports from fields indicated that the […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: The Asian and EU markets are open.PE Note: Increasing US Crude Oil supplies are expected to cap market gainers. Brent Crude at 73.22, and WTI Crude Oil at 67.50 are trading lower in here. Brent Crude could get some support at 72.15, while that […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Tuesday, with Wheat futures surging over 3%, mostly on reports that adverse weather has stunted the US hard-red winter Wheat crop. The annual Kansas Wheat Tour kicked off in the morning showed that cold and dry weather had slowed […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Sing. closed for holiday.PE US closing prices WTI Crude Oil +0.7% at 68.53 bbl $USO Gold -0.3% to 1319.40 oz $GLD Copper Unch at 3.05 lb $CU After going through the Monday morning Southside test on the back of rising oil drilling rig counts, […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Monday morning, with Corn futures reaching a 9-month high as wet weather continued to keep producers from planting in parts of the US Midwest. July Corn was 3.5c higher at 4.02 bu July Wheat was 9.25c higher at 5.08 […]

Chicago Agriculture Commodities Finished Higher Friday

Chicago Agriculture Commodities Finished Higher Friday

Chicago Agriculture Commodities Finished Higher Friday $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Friday on massive fund buying. The most active Corn contract for July delivery rose 3.25c, or 0.82% to settle at 3.985 bu. July Wheat delivery went up 9c, or 1.84% to close at 4.985 bu. July Soybean […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.46, and WTI Crude Oil at 67.95 are stable in here. Note: WTI Crude Oil has some room of rising to 69-70 near term, Brent Crude could trade in the 72-76 range medium term. Gold at 1317.60 looks to moving […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower Thursday after a big rally in Wednesday’s session. As of 1445 GMT, July Corn was down 1.75c at 3.94 bu, while July Wheat was down 9.5c at 4.895 bu, and July Soybean down 2.75c at 10.365 bu. Gaining […]

Goldcorp (NYSE:GG) Pay $3.7-M for Stake in a Newly Formed Explorer

Goldcorp (NYSE:GG) Pay $3.7-M for Stake in a Newly Formed Explorer

Goldcorp (NYSE:GG) Pay $3.7-M for Stake in a Newly Formed Explorer $GG Canada’s GoldCorp (NYSE:GG) is investing $3.7-M to acquire a 14% interest in a newly formed Bold exploration company born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources. The new explorer, named Quebec Precious Metals Corp. (QPM), will focus on the James […]

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.42 is trading above 74 now, while resistance  76.0-76.5 holds, there could be a pause. A clear break above 76.50 open a test at 78, or baring that some consolidation followed by a dip next week. WTI Crude Oil at […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Wednesday on massive fund buying. CBOT brokers reported that funds bought 12,000 contracts of Corn, 5,500 contracts of Soybean, and 4,800 contracts of Wheat. The most active Corn contract for July delivery rose 5.75c, or 1.47% to settle […]

The US Stock Market Remains in Consolidation Mode

The US Stock Market Remains in Consolidation Mode

The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude seeing resistance at 73.87, as seen on the 3-day candle. If that holds, the precious Yellow metal could test to 72-71. WTI Crude Oil at 67.67 tested resistance on the daily candle, while that holds the price comes off to 66 or […]

Chicago Agriculture Commodities: Asian Market

Chicago Agriculture Commodities: Asian Market $CORN, $WEAT, $SOYB Singapore Open: Chicago Board of Trade (CBOT) agriculture commodities; Wheat up for 2nd day running, Soybean, Corn prices face pressure from US weather Chicago Wheat futures rose for a 2nd session Wednesday as investors looked for bargains, although plentiful world supplies capped gains. Soybean and Corn prices […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 74.20 could test at 76, and 76 is likely a Top medium term and the price could fade to lower to 72-71. WTI Crude Oil at 68.18 is stable now after coming off from 69+, it could see […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday with Soybean falling for the fourth consecutive session. The most active Corn contract for July delivery rose 2c, or 0.52% to settle at 3.875 bu. July Wheat delivery fell 2.75c, or 0.58% to close at 4.745 bu. July […]

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans $USO, $OIL, $XOM, $BP US Crude Oil producers are benefiting from OPEC’s price squeeze and exporting cheaper WTI Crude Oil to Europe in record amounts. Russia alligned with the Organization of the Petroleum Exporting Countries (OPEC) last year in cutting Crude Oil output jointly […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 73.94 has some chances of moving higher to 75-76 which is important resistance. A fall seen then targeting 72-71 medium term. WTI Crude Oil at 68.19 has room to move to 69.0-69.5 in the next 3-4 sessions before […]

Chicago Agriculture Commodities Finished Lower on the Week

Chicago Agriculture Commodities Finished Lower on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower on the week ended 20 April, mostly on improved weather forecast and investors’ technical selling. The most active Corn contract for July delivery fell 9.75c weekly, or 2.52%, to 3.765 bu. July Wheat delivery dropped […]

President Trump Warns OPEC on “Artificially” Pricing Crude Oil

President Trump Warns OPEC on “Artificially” Pricing Crude Oil

President Trump Warns OPEC on “Artificially” Pricing Crude Oil $OIL, $USO Crude Oil retreats from highest marks in more than 3 years Friday, US President Donald Trump accused OPEC of “artificially” boosting Crude Oil prices after a year-plus pact that has cut global crude inventories, drawing rebukes from Oil-producing countries as prices dipped following his […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Wheat futures rising as diminishing prospects for rain in the southern US plains underpinned prices. Soybean futures fell as the market is pricing in more Soybean acres for the United States this Spring and Summer. The most […]

GOLD 1 OZ (XAU=X) Trending Upwards

GOLD 1 OZ (XAU=X) Trending Upwards

GOLD 1 OZ (XAU=X) Trending Upwards Overall, the bias in prices is: Upwards.   By the way, prices are vulnerable to a correction towards 1,322.98. The projected upper bound is: 1,371.26. The projected lower bound is: 1,317.28. The projected closing price is: 1,344.27. Candlesticks A black body occurred (because prices closed lower than they opened). […]

SILVER 1 OZ 999 NY (XAG=X) Upward Trend

SILVER 1 OZ 999 NY (XAG=X) Upward Trend

SILVER 1 OZ 999 NY (XAG=X) Upward Trend Overall, the bias in prices is: Upwards.   Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 17.70. The projected lower bound is: 16.76. The projected closing price is: 17.23. Candlesticks A black body occurred (because prices closed lower than they […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 73.77, and WTI Crude Oil at 68.72 rose and looks Bullish to 75-76 and 70 respectively. Thereafter, see a dip medium term. Gold at 1351.90 is trying to move to 1370, but faces Key […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Wednesday with Soybean falling on profit-taking. The most active Corn contract for July delivery rose 2.5c, or 0.64% to settle at 3.9175 bu. July Wheat delivery went up 7.75c, or 1.61% to close at 4.8925 bu. July Soybean lost […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 71.93, and WTI Crude Oil at 66.86 could spend some time consolidating below the major resistances of 74 and 68 respectively. Note: WTI Crude Oil could re-test at 68, and remain stable there. Gold […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday, with Corn futures falling despite a government report showed slow planting pace of US Corn. Wheat futures rose on bargain buying with additional support stemming from a US Department of Agriculture (USDA) report that showed wheat ratings […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still in focus and holding. PE Brent Crude at 71.66 is down from 74, seeing Brent Crude to 70 in here. WTI Crude Oil at 66.52 has come off from resistance near 68 while that sustains, a fall to 65-64 looks imminent. Gold […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday on massive sell-off triggered by improved weather conditions for Wheat and profit-taking. The most active Corn contract for May delivery fell 3.75c, or 0.97% to settle at 3.825 bu. May Wheat delivery went down 10.25c, or 2.17% to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens in focus but could fade some. PE Brent Crude at 71.93, and WTI Crude Oil at 66.84 have come off from highs near 73 and 67.5 respectively. Do not see geopolitical developments from last Friday having any real impact on energy markets this week. […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed on the week ended 13 April, with the Soybean prices rising by double digits as a result of higher export sales. The most active Corn contract for May delivery fell 2.25c, or 0.58% weekly, to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens in focus but fading some. PE Brent Crude at 71.79, and WTI Crude Oil at 66.86 are down Friday. Looks like a stable retrace after the recent run. Overall 68 on WTI Crude Oil and 74 on Brent Crude to be tested, and […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday with Soybean rising over better-than-expected export sales. The most active Corn contract for May delivery rose 1.75c, or 0.45% to settle at 3.8875 bu. May Wheat delivery went down 6.25c, or 1.28% to close at 4.81 bu. May […]

Metals Prices Set to Rally

Metals Prices Set to Rally

The inclusion of Russia’s aluminum giant RUSAL on the US sanctions list may significantly alter the metals market, threatening to break global supply chains and spark a deficit in the crucial industrial metal. Aluminum futures surged by nearly 10 percent in London after the US Treasury Department sanctioned RUSAL and its owner Oleg Deripaska Friday. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens back in focus. PE Note: Crude Oil prices surging during the past 2-sessions due to the US-Syria worries and it further boosted Black Gold prices as news of missile strikes on Saudi Arabia were announced.. Brent Crude at 72.39, and WTI Crude Oil […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower Wednesday with Wheat and Soybean posting losses after consecutive gains in the past 4 sessions running. The most active Corn contract for May delivery fell 2.25c at 3.87 bu. May Wheat delivery went down 4.75c, or 0.97% to close […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 70.81 moved up to test 1st resistance near 71 as expected. WTI Crude Oil at 65.38 has some room on the Northside and looks Bullish to 67 before seeing a short dip. Notes: […]

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday with Soybean posting gains for the 4th session running on lowered crop estimates for Argentina and less US ending stocks. The most active Corn contract for May delivery fell 1.5c at 3.8925 bu. May Wheat delivery went […]

US China Trade War May Settle with Talks

US China Trade War May Settle with Talks

Beijing has requested dispute consultations with the United States at the World Trade Organization over US tariffs slapped on imports of Chinese steel and alumium products, according to a WTO document published Tuesday. China’s representative to the world trade body has requested “consultations” with Washington over its decision to impose “additional ad valorem rate of […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 68.99, tested 67 and bounced, if the rise continues, it may head back to 70-71 near term. WTI Crude Oil at 63.85 also bounced from suppor. It could move higher to 65. Near […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Monday with Wheat prices rising almost 4% on cold and snowy weather hit the US plains. The most active Corn contract for May delivery rose 2.25c, or 0.58% at 3.9075 bu. May Wheat delivery went up 18.5c, or […]

Investors Rotating Leadership from QE ‘Winners’ to QE ‘Losers’

Investors Rotating Leadership from QE ‘Winners’ to QE ‘Losers’

Investors Rotating Leadership form QE ‘Winners’ to QE ‘Losers’ $DIA, $SPY, $QQQ, $VXX Analysts are expecting investors will shift their holdings as the realization sinks in that the Fed is committed to raising interest rates until a major event compels the central bank to reverse course. That means investments that had strong gains during a […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens still not quite out of focus. PE Brent Crude at 67.36 should come down to support at 66, then bounce back to 69. WTI Crude Oil at 62.25 is testing support here. If support at 62 holds, it could move up in the […]

Chicago Agriculture Commodities Finished Mixed at the Weekend

Chicago Agriculture Commodities Finished Mixed at the Weekend $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished mixed Friday, with Soybean futures rising, on precieved trade tensions between China and the United States. Wheat futures rallied with concerns about cold weather posing threat to winter Wheat in the drought-affected US Plains. Corn futures fell […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 68.00, and WTI Crude Oil at 63.18 have come off as expected. A fall towards 67-66 and 62-61 respectively looks likely in here before the Crude Oil prices can move higher again. Gold at […]

Chicago Agriculture Commodities Finished higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Corn, Wheat and Soybean futures all rising over 1%, as trade tension eased and cold temperatures stressed crops in the US Plains. The most active Corn contract for May delivery rose 8.5c, or 2.23% at 3.895 bu. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 68.33, and WTI Crude Oil at 63.67 bounced from support at 67 and 62 respectively. While these marks hold, Crude Oil prices could move up in here. Near to medium term looks Bullish while […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower Wednesday, with Soybean futures dropping over 2% after China announced potential tariffs on US Soybean, Corn, Beef and other goods. Chicago Corn futures also fell sharply, then recovered a portion of the losses. The most active Corn contract for […]

Bahrain’s 80B Barrels of Oil

Bahrain’s 80B Barrels of Oil

Bahrain’s National Oil and Gas Authority (NOGA), alongside international consultants DeGolyer and MacNaughton, Halliburton, and Schlumberger, today provided new details on the Kingdom’s largest ever discovery of oil and gas, with tight oil amounting to at least 80 billion barrels. The discovery, made within the 2,000 km2 Khalij Al-Bahrain Basin, is located in shallow waters […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Safe-havens not quite out of focus. PE Brent Crude at 67.91, as mentioned yesterday, is looking Bearish near term and could come down to 66 in the next 1-2 weeks Gold prices fell overnight as US stock markets rebounded after fears of a global […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished higher Tuesday, with Wheat futures surging over 2%, led by a spike in hard red winter Wheat prices. Soybean and Corn rebounded from the prior session’s declines on spillover support from Wheat and as cold, wet weather in the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 67.84, and WTI Crude Oil at 63.19) have fallen sharply and look Bearish near term. Brent Crude could come down towards 66 now. WTI Crude Oil could come down to test 61 before trying to […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday, with Soybean futures falling 0.89%, on feared escalating trade tensions between China and the United States. Corn futures marked a 3-week high on the US Agriculture Department’s (USDA) Bullish acreage forecast late last week, but gave back much […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new, Safe-havens in view. PE Brent Crude at 69.74, WTI Crude Oil at 65.20 could try a move to 71.50 and 67 respectively. The next few sessions could be ranged the a move North medium term. Gold at 1333.40 may see support 1320 […]

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