Commodities Analysis & Opinion

Gold bugs will battle to defend the yellow metal at the key $1,200 an ounce level this week as Turkey’s sanctions crisis diverts investors from commodities and other risk assets into the dollar....

Originally published by AxiTraderQUICK SUMMARYOil bounced a bit Friday after the IEA said replacing the Iranian oil the US is sanctioning is “very challenging”. WTI is at $67.75 while...

US oil prices have fallen below $70 a barrel since the record high production of 11 million barrels per day announced in July. But price drop aside, investors in the country’s shale crude sector...

Originally published by AxiTraderQUICK SUMMARYA stronger US dollar and continued worries about the impact of the trade war on global economic growth seem to have coalesced to keep the pressure on oil...

It was the best performing commodity in the first quarter. Now, cocoa might be lucky to remain in the tenth spot the rest of the year after weaker grinding results and confectionery demand cost it its...

Originally published by AxiTraderQUICK SUMMARYOil fell out of bed last night as worries over Chinese demand surfaced after the trade data yesterday and in the wake of Chinas hitting back in the tariff...

1) On August 20, the OPEC and non-OPEC Joint Ministerial Monitoring Committee (JMMC) will hold its second teleconference meeting. The last meeting was held on July 18, at which OPEC producers reported...

Originally published by AxiTraderQUICK SUMMARYAPI data is out this morning and showed a bigger than expected draw of 6 million bbls against the 3.3 million expected. Before that though, oil was...

Originally published by AxiTraderQUICK SUMMARYI feel like I’ve been to this movie a few times in the last couple of decades. But the US seems hell bent on regime change in Iran and is reimposing...

Bulls in the US natural gas market may be on their way to bigger paydays.Trading mostly sideways since mid-June, gas futures on the New York Mercantile Exchange had their largest gain in six weeks on...

If gold is on the ropes, to use a boxing analogy, then platinum is looking like it’s on the canvas—and unlikely to get up soon.Grouped together with bullion and silver as precious metals,...

Originally published by AxiTraderQUICK SUMMARYOil joined the commodity funk overnight and is sharply lower this morning as a combination of a big increase in Saudi production and then a build in US...

Despite the record levels reported by the US Energy and Information Agency (EIA) two weeks ago, many analysts expect oil production from US shale oil producers to contract in the second half of 2018....

Just two weeks ago, Chicago soybean prices hit 10-year lows on China’s counter levy to US tariffs. This week, soy has outperformed everything from oil to copper on signs Beijing and Washington...