Commodities Analysis & Opinion

China is the second largest oil consumer in the world. However, unlike the world’s largest oil consumer, the United States, China produces very little of its own oil. This makes China a...

Originally published by AxiTraderWTI broke above the falling trendline resistance from the March high, but reversed gains today. Nevertheless, the short-term technical outlook remains positive as long...

Originally published by AxiTraderGold reached a high of around $1,271 an ounce in US dollar terms last night. That's the highest level since mid-June as the US dollar selling continued. What's...

My WAG: IF price can rally and hold above 55.00, we could see a retest of 65.00 in short order...a pop and hold above 50.00 is, however, the first order of the day -- see the Monthly chart below of...

On Monday July 24, the members of OPEC's technical committee met in St. Petersburg, Russia, to assess continued compliance with the OPEC and non-OPEC partnership deal. This meeting was particularly...

Originally published by AxiTraderCOPPER cleared the major resistance level at $2.82 and extended gains to over $2.85. The short-term outlook is positive, and the daily close above the aforementioned...

When OPEC’s technical committee meets in St. Petersburg at the end of July to evaluate compliance with the production cut deal, the big question will be what to do about Libya and Nigeria. These...

Inventories collapse giving a tailwind to crude oil whilst a weaker dollar lifts gold.OILBoth Brent and WTI spot staged an impressive two dollar rally in the New York session as the American Petroleum...

Originally published by AxiTraderCOPPER ran into solid resistance at $2.71, but has been able to gather some decent momentum in the past two trading weeks. A clear break above $2.71 would pave the way...

Originally published by AxiTraderRecently I wrote a piece on the outlook for oil titled "WTI Crude Oil has to hold $42 or all heck could break loose". My aim was to highlight that this $42 dollar...

Originally published by guppytraders.comOver time our charts become cluttered with trend lines and other technical indicators. The problem is that these old lines tend to guide our thinking and...

Originally published by AxiTraderWTI managed to bounce after support at $42 held - but how far can the rally go? The downtrend remains clearly intact, and WTI faces strong resistance at the former...

by Chaim Siegel of Elazar Associates LLCGold prices have been down for nearly two straight weeks. Any lower and you break an uptrend, which is worrisome. There are three factors bothering gold which...

Originally published by AxiTraderTraders have lost faith in OPEC's ability to rebalance the oil market over the past month after the cartel failed to announce deeper cuts at its recent meeting and as...