Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

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US Crude Tops $49 as EIA, IEA Reports Please Investors

Oil futures are surging midweek as new industry reports found that crude production declined for the first time in four months in August. Investors are …

USDA Production Report Hurts Corn, Cotton, Soybeans; Helps Orange Juice

The US Department of Agriculture released its crop production report today. The data was bearish for several agricultural commodities, including corn, soybeans, and cotton. In fact, …

Crude Oil Rallies on OPEC Supply Report, Talks About Supply Cuts Extension

Crude oil rallied today amid speculations that the Organization of Petroleum Exporting Countries will extend its production cut deal. The agreement reached …

Copper Retreats 1% as Funds Take Profits, Return to Equities

Copper futures continue to retreat from their recent highs as investment funds are selling, taking profits, and returning to equities. The industrial metal has had …

Bitcoin Bouncing off of $4,000, Weak Hands Jump-Start Volume

Once again, the $4,001.93 weekly low has not given away to selling pressure. This is the second time a reversal has …

Gold Retreats from 1-Year High amid Stronger US Dollar, Easing Hurricanes

Gold futures are retreating from their best levels since September 2016. As the US dollar strengthens, North Korean fears deteriorate, and hurricane tensions …

Commodities Technical Analysis, September 11th — September 15th

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 September 10th, 2017:…

Orange Juice Futures Surge on Hurricane Irma, Hit Four-Month High

Orange juice prices are trading at their highest levels in four months as Hurricane Irma is set to slam into Florida. The weather event, …

Bitcoin Poised for More, the Blockchain Caucus and Japan’s GMO

Dropping volume on the hourly, has driven the price of bitcoin into somewhat of a sideways trading range. The remainder of the day will shed more light, as to whether this …

Oil Futures Hold Steady amid US Crude Supply Jump, Hurricane Irma

With Hurricane Irma on the cusp of making landfall and new government data showing an increase in domestic crude inventories, oil futures are holding steady. Many …

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