Commodities Analysis & Opinion

OPEC+ meet later today to discuss their output policy for November. It is pretty clear that the group will need to cut at their meeting and expectations about the scale of the supply reduction are...

Dollar and bond yields bounce back Investors await key US data and question the ‘Fed pivot’ trade Bulls must defend $1700 support or is game over This morning saw gold and especially...

The Organization of Petroleum Exporting Countries (OPEC) and its partners from the Declaration of Cooperation (known as OPEC+) are scheduled to meet on Wednesday, Oct. 5. According to OPEC delegates,...

Gold back at $1,700, first time since Sept. 14 after near 2% gain over five days Monday’s rally in gold fired by poor US factory activity Gold bulls hope US data gets worse throwing Fed off...

Crude starts Q4 up 3% on bets of a major OPEC+ cut Cut would follow September’s nominal 100,000 bpd reduction Waving a red flag to oil bulls, the US dollar goes into rally mode Oil bulls are...

LME is weighing a ban on Russian-origin metals A ban will expose the 145-year-old exchange to legal challenges Could be an opportunity to make long bets on these metals “In commodities, anything...

Natgas' Achilles' heel seems to be output above 100 bcf daily Analysts forecast a higher-than-seasonal 94 bcf build to gas storage last week Last week's weather reading was 60 CDDs, slightly above...

Oil was volatile on Wednesday as bulls and bears traded opposing themes. The dollar rose 0.4%, advancing for the seventh straight session to the highest since May 14, 2002. Given that oil is priced in...

US dollar strength and central bank tightening have weighed heavily on the gold market. And with further tightening expected there is room for more downside in the near term. However, the medium-term...

The move higher in the US Dollar has been unrelenting and this continues to weigh heavily on the commodities complex. Macro drivers remain firmly in the driving seat, while supply risks continue to be...

Copper is down 25% on the year, slid in five of the past six months $3 support held since November 2020 could break Commodities pulverized by a dollar enabled by hawkish Fed talk Exactly two months...

Oil prices down for fourth straight month Headed for first quarterly loss in two years Technical charts suggest bears could press for $72 low before September ends But a rebound could propel US crude...

Cotton jumps 17% in August but then gives all back Charts suggest an immediate weakening back to July bottom of under 83 cents But cotton could also rebound to recapture highs of $1.1085 Prices and...

The macro picture continues to weigh on the commodities complex and the hawkish FOMC meeting certainly hasn't helped. However, there are clear supply risks still facing the market following...