Commodity Blog
Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities
Gold Poised for Weekly Gain As Wuhan Coronavirus Spurs Safe-Haven Bid
Gold futures are rising to close out the trading week, buoyed by the outbreak of the Wuhan coronavirus that has …
Natural Gas Rises on Bigger Supply Build Decline, Colder Temperatures
January 23, 2020 at 16:37
Natural Gas
Natural gas futures are rising on Thursday after the US government reported a larger than expected decline in domestic inventories. Natural gas prices are …
Bitcoin Bulls Struggle to Defend $8,450 and Drag Cryptocurrency Market Down
January 23, 2020 at 14:51
Bitcoin
Bitcoin prices have dipped below the $8,450 support level today, and bulls will be hoping to defend this level in order to instigate a bounce back …
Negative Fundamentals Result in More than 1% Drop of Crude Oil
January 23, 2020 at 10:31
Oil
Futures for crude oil dropped more than 1% today amid a range of negative factors, mostly related to supply and demand.
Fatih Birol, Executive …
Copper Slumps to Two-Week Low As Virus Triggers Growth, Demand Concerns
January 22, 2020 at 16:09
Copper
Copper futures are slumping to their lowest levels in two weeks as the Wuhan coronavirus added to economic growth and metal demand concerns in China. The industrial …
Soybeans Slide As Commodity Still Cannot Benefit From US-China Trade Pact
January 21, 2020 at 14:57
Soybean
Soybean futures are sliding again on Tuesday, extending their losses despite the US and China signing the first phase of a comprehensive trade agreement. …
Crude Oil Extends Gains on Iraq, Libya Output Disruption
January 20, 2020 at 18:01
Oil
Crude oil futures are extending their gains to kick off the trading week, driven by disruption to production in Iraq and Libya amid unrest. But the modest …
Bitcoin Stumbles at $9,200 As Bitcoin SV Soars Again
January 20, 2020 at 15:04
Bitcoin
Bitcoin prices breached $9,000 resistance yesterday, reaching as high as $9,198.97 before losing more than $500 in less than an hour. Prices have stabilised …
Commodities Technical Analysis, January 20th — January 24th
January 19, 2020 at 10:11
Technical Analysis
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of January 19th, …
Palladium Futures Hit Record $2,300 As Supply Deficit Worsens
January 17, 2020 at 20:19
Palladium
Palladium futures hit an