Commodities News

Corn Shines In Solid Rally As Gold, Oil Swing

Corn Shines In Solid Rally As Gold, Oil Swing

Commodity majors and likely frayed some investors’ nerves this week with wild price swings over anxieties on fuel demand in the pandemic-era and whether there will be political will for a COVID-19 stimulus before the U.S. election. Those wanting calmer but solid...

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EUR/USD: Trading Range Day Likely

EUR/USD: Trading Range Day Likely

Trading ranges often have legs up and down that subdivide into 2 legs. This happened with the Selloff from the Sept. 1 high to the Sept. 25 low. It might now be happening with the rally up from the Sept. 25 low. If the EUR/USD reverses down from here, the reversal...

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Chart Of The Day: Aluminum On Track To Take On $2,000

Chart Of The Day: Aluminum On Track To Take On $2,000

hovers near an 18-month high boosted by China’s increasing demand as its economy recovers.Barani Krishnan that “despite its recent rally, aluminum’s technicals suggest it may still have some upside to offer.He added: "from a technical perspective, Investing.com’s...

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Energy Report: Are We Standing Still?

Energy Report: Are We Standing Still?

is standing still, beneath a darkened sky, gas is standing still, with the scenery flying by. Just standing still out of the corner of my eye, was that car passing me by just standing still. Crude oil prices took a hit after the Energy Information Administration (EIA)...

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Corrective Upswing In A Dollar Downtrend

Corrective Upswing In A Dollar Downtrend

As it turned out, the index didn’t reverse yesterday. Instead, it declined further and reached the 92.50 level, while responded with a rally as a result. And yet–that’s still bearish and in line with what I wrote yesterday. But why is that? How could it be that a...

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Corn And Ethanol: Plenty Of News

Corn And Ethanol: Plenty Of News

The National Hurricane Center update as of Wednesday at 1:00 P.M. CDT has Disturbance 1 chance to form a hurricane are almost 0% in the next 48 hours and possibly 20% in five-days. It is expected to move slow the next several days as the system passes western or...

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Oil Futures Slip, Dollar Sends Gold Lower

Oil Futures Slip, Dollar Sends Gold Lower

Oil markets were long and wrong markets fell to earth overnight, with both and WTI suffering heavy losses after the official US crude inventory data. Although crude inventories fell as expected by 1.0 million barrels, gasoline stocks unexpectedly rose by 1.90 million...

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Oil Futures Price Forecast Oct 22, 2020

Oil Futures Price Forecast Oct 22, 2020

tests support at 4020/4000. If we continue lower look for a retest of last week’s low at 3960/40. A break below here is a sell signal targeting 3890/80. Bulls need prices back above 4030 asap to target strong resistance at 4070/90. Shorts need stops above 4120. A...

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Spot Gold And Silver Price Forecast For Oct 22, 2020

Spot Gold And Silver Price Forecast For Oct 22, 2020

best support for today at 1908/03. Longs need stops below 1895. A break lower is a medium-term sell signal, initially targeting the 100 day moving average at 1880/78. Longs at 1908/03 target 1917/18. Above 1920 allows a recovery to 1925 & strong resistance at...

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