Commodities Analysis & Opinion

Two giant multinational American oil companies (IOCs) reported significant growth in third quarter profits last week, suggesting hard times for oil companies may be coming to an end. These profits,...

Originally published by AxiTraderWTI had a major breakout on Friday, breaking through the trendline resistance from the January high and briefly trading above $54. The short-term outlook remains...

Just over a month remains until OPEC members assemble in Vienna for their semi-annual meeting. This November will mark one year since OPEC members and Russia agreed to a joint oil production cut that...

Originally published by AxiTraderThe recovery in COCOA is getting more serious. Price has broken above a major resistance level $2080, which paves the way for a rally towards at least $2250. While the...

by Pinchas CohenWith all three major US indexes—the Dow, NASDAQ and S&P 500—posting fresh records on Friday and Japan's Nikkei 225 reaching a 21-year high earlier today, safe havens...

Oil prices jumped in after-hours trading on Sunday night and Monday morning when Iraqi militia forces invaded the Kurdish-held, oil-rich city of Kirkuk. The expectation was that the flow of oil out of...

Originally published by AxiTraderThe short-term outlook for gold has improved. The precious metal broke above an area of major resistance between $1295 and $1300, and managed to finish the trading...

After a sluggish start to the week, likely due to the Columbus Day holiday in the United States, oil prices are moving again. WTI started Tuesday morning with a jump back above $50 per barrel, and...

Originally published by AxiTraderCOCOA had a break out of the triangle pattern on the weekly chart and is currently testing a major resistance level around $2080. A clear break above that level would...

Last week, the U.S. Energy Information Administration (EIA) reported that U.S. oil production in the month of July totaled 9.238 million bpd. This figure is actually 178,000 bpd lower than the weekly...

Originally published by AxiTraderCOCOA is approaching a major resistance level at $2080. A breakout would be significant and pave the way for a short squeeze. The commodity has been in a downtrend for...

During the first 25 days of September, Brent crude prices rose 12.7% to $59.02 per barrel. After almost three years of depressed prices and a summer in which Brent bottomed as low at $44.82 per...

Originally published by AxiTraderCOPPER bounce off $2.93 support, and while it hasn't managed to gather significant momentum since then, the overall outlook remains positive. A break back above $3.00...

Originally published by AxiTraderCOPPER had a strong retracement recently. However, the uptrend remains intact and the commodity managed to find solid support at $2.93. As long as that level remains...