Commodities

Gold technical analysis shows possible upside

Gold technical analysis shows possible upside

Not too long ago we saw XAUUSD break strongly below a bullish trendline on the daily chart. Since then, we've seen some consolidation. Could this have been a fake out to shake long holders out of their positions? The last...
crude oil

WTI and Brent crude oil break out of swing zone

In case you forgot, crude oil prices are still at astronomical prices. As of writing, WTI futures are trading at $114 per barrel, while Brent crude futures are trading at $117 per barrel. Over Thursday trading, both assets loaded more...
coffee futures nt

What’s brewing with coffee futures?

Like most commodities, London coffee futures saw a massive price uptrend in 2021. However, since the beginning of 2022, it's finally cooled off to an eight and half month low. As a silver lining, perhaps more interesting price action is...
Will gold traders respect the price trendline?

Will gold traders respect the price trendline?

After making its yearly high back in early March, we’ve seen Gold make a few strong impulses down on the daily and weekly chart. While the last three weeks have shown strong bearishness, the most recent weekly candle from May...
wheat ban

Bans approaching for wheat and oil exports?

India is mulling the idea of restricting the export of its locally grown wheat. Such a move would likely upset the global supply chain of wheat, adding to the list of events that have impacted the market for this cash...
DXY gold nt

US dollar index and gold analysis after Fed rate hike

Following the US Federal Reserve’s decision to hike its interest rate by 50-basis points, the US dollar index (DXY) sharply declined, breaking its recent support at 103.00. In the days and weeks leading up to the decision, the USD dollar...
nickel EV

Will chaos in nickel prices disrupt the EV boom?

The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers. Nickel is one of the...
gas for rubles

Will importers cave into Putin’s gas for Rubles demand?

In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have...
cash crops food prices

Are commodity cash crops contributing to rising food prices?

For years, climate change and extreme weather events, coupled with a ballooning population, have had an impact on food production and supply globally. The lingering COVID-19 pandemic and its effect on supply chains, as well as the recent geopolitical tensions...
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