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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, …

Gold Prices Consolidate, Forming Symmetrical Triangle

Prices for gold were moving sideways for some time now, having troubles continuing their previous rally. Moreover, volatility was leaving the gold market, …

Oil Logs Weekly Gains, Analysts Unimpressed by Rally

Prices for West Texas Intermediate crude oil rallied today while the Brent grade of crude was down a little but remained above the $50 level. …

Gold, Silver Prices Take a Deep Dive to End the Week

Gold and silver have been trading very well over the past couple of trading sessions. That ended on Friday as …

Steel Rallies, Iron Ore Defies Analysts’ Expectations

Chinese steel futures rallied earlier this week on supply concerns with the October SHFE contract touching 2,687 yuan per ton on Tuesday, and the heavily …

Brent Crude Tops $50, WTI Joins Rally

Crude oil rallied today, with the Brent grade rising above the $50 level, as speculations about an output ceiling persist. There are reports that …

Federal Reserve Minutes Help Gold Top $1,350 Again

The release of the minutes from the Federal Reserve‘s monetary policy meeting last month helped gold top the closely watched $1,350 mark again. …

US Crude Dips, Brent Crude Nears $50 as Output Freeze Hopes Dwindle

US crude prices slightly dipped, while Brent crude prices mildly rose during the Wednesday trading session. Oil futures in the US fell as hopes …

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