Commodities Analysis & Opinion
Gold: High Selloff Risk Lurks Amid Overbought Conditions
04.10.2024
Gold: High Selloff Risk Lurks Amid Overbought Conditions
After surging dramatically in the last couple of months, gold’s selloff risk is high. Massive recent buying not only catapulted…
Gold: Monthly High Points to Potential Breakout With $3000 Target on the Radar
04.10.2024
Gold: Monthly High Points to Potential Breakout With $3000 Target on the Radar
For technical analysts, the end of September means fresh monthly and quarterly charts. Our entire world is focused on the…
WTI Crude: Technicals Suggest Potential Rebound Amid Geopolitical Tensions
03.10.2024
WTI Crude: Technicals Suggest Potential Rebound Amid Geopolitical Tensions
The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle…
Brent Rallies as Middle East Tensions Mount, Technicals Suggest Correction Ahead
02.10.2024
Brent Rallies as Middle East Tensions Mount, Technicals Suggest Correction Ahead
Brent crude oil prices climbed to 74.55 USD per barrel by Wednesday, marking a significant increase driven by escalating geopolitical…
Natural Gas: Helena’s Havoc, Falling Storage Set Stage for a Push Above $3 Barrier
02.10.2024
Natural Gas: Helena’s Havoc, Falling Storage Set Stage for a Push Above $3 Barrier
US hurricane season is in full swing, affecting natural gas supply. Lower storage injections could provide bullish fuel too. Amid…
As Gold Bull Era Progresses, GDX Poised to Reach $60
01.10.2024
As Gold Bull Era Progresses, GDX Poised to Reach $60
The month of October begins with a pause in gold’s relentless rally against fiat. The pause is likely related to…
Brent Crude Oil Slides 2% in European Trade Before Recovery, OPEC+ Meeting Next
01.10.2024
Brent Crude Oil Slides 2% in European Trade Before Recovery, OPEC+ Meeting Next
Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Concerns about China’s economic…
Gold: Precious Metal Is Back-Testing the Broken Channel
01.10.2024
Gold: Precious Metal Is Back-Testing the Broken Channel
Gold is back testing the broken channel’s T/L resistance as support at $2627. Is such a shallow retracement sufficient for…
3 Bullish Catalysts That Could Catapult Silver to New All-Time Highs in 2024
01.10.2024
3 Bullish Catalysts That Could Catapult Silver to New All-Time Highs in 2024
Silver is gaining momentum as it rallies back to its highest levels since December. Industrial demand and macroeconomic trends are…
Silver Is Starting to Break Out — Here’s What to Watch
01.10.2024
Silver Is Starting to Break Out — Here’s What to Watch
By Jesse Colombo China cut interest rates last week and unveiled an extensive stimulus package to boost its struggling economy.…