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Commodities Technical Analysis, August 29th — September 2nd

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of August 28th, 2016:…

Gold, Silver Rally Despite Hawkish Janet Yellen Speech

Gold and silver rallied during the Friday trading session, even though Federal Reserve Chair Janet Yellen appeared hawkish in her remarks pertaining to interest …

Gold Stands at 1-Month Low Before Janet Yellen Speech

Federal Reserve Chair Janet Yellen is set to deliver a speech on Friday during the US central bank’s annual summer retreat in Wyoming. Many analysts …

Oil Futures Sinking to One-Week Low over Supply Woes

Oil futures are sinking to a one-week low on Wednesday. The decline in oil prices comes as new data suggest a jump in crude inventories. Oil prices …

Lean Hogs Continue Losing Ground on Record Production

CME lean hog futures experienced another day of losses with the October contract falling 0.350 cent (0.57%) to settle at 60.800 cents per pound. …

Gold Prices Stay Flat Ahead of Fed Summer Retreat

Traders are perhaps taking a wait-and-see approach to gold. Later this week, officials from the Federal Reserve will gather in Wyoming for the US …

Sugar Prices Spike with Higher Demand Expectations

Sugar prices went higher on Monday as investors think there is a rising demand for the commodity. This is a …

Cocoa Sinks After Touching One Month High

December New York cocoa futures on the ICE continue to fall after reaching a one month high on Friday at $3,120 per ton. The contract reached …

Comments from Fed Officials Affect Commodity Markets Adversely

Gold and other metals (both precious and industrial) have started week poorly, falling due to prospects for monetary tightening from the Federal Reserve. …

Inverted Head and Shoulders Pattern on Weekly Chart of WTI Oil

An inverted head and shoulders pattern has formed on a weekly chart of WTI crude oil. Such pattern forms when prices test a level of support, bounce, …

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