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Oil, Metals, Soft Commodities

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Gold Reverses from 1960 following strong US NFP data

Gold had been on a steady rally to the upside with the price climbing along the bullish trendline from the 1620 price level in November 2022 to reach a high of 1960 in February 2023. This move higher was driven by general market anticipation that the US Federal Reserve would pivot on its current monetary policy, slowing down or pausing future inter...

February 6, 2023
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Natural Gas price continues to tumble, but the bottom may be near

The price of Natural Gas has continued its drive back down after peaking in the middle of last year. The price has had an aggressive sell off after an equally aggressive run during the initial stages of the Russian and Ukraine conflict. This was due to Russian gas exports being banned and elevated inflation levels. However, as the conflict has subs...

January 19, 2023
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Gold rises to 6 months high as USD weakens

Gold rises to 6 months high as USD weakens   The price of gold has risen as softer inflationary figures pushed the USD lower. The month/month CPI grew just 0.1% vs 0.3% expected, whilst the year/year figure grew by 7.1% vs 7.3% expected. Core CPI month/month rose by 0.2% vs 0.3%. These figures sent the USD down, which provided a boost to...

December 14, 2022
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Is the price of Brent finally finding some support?

Brent oil has been dumping over the last few weeks as country’s have put pressure on Russian oil by imposing a price cap. This has sent the spot price down to its lowest level in 12 months. With important economic data to come in the next few days in including updated Cash rates from Central banks in Europe, the UK, and the USA. Furthermore, the ...

December 13, 2022
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Oil continues to fall amid news of price cap

The primary reason for the drop in price is the economic slowdown that has become prevalent in the global market. As fears of a recession continue to grow, the price of Oil has continued to drop. To make matters worse, the G7 have set a $60 per barrel price cap. This price cap was created to restrict Russia’s ability generate revenue from its oil...

December 8, 2022
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Natural Gas getting ready to test important level

Natural Gas prices have had a volatile year to say the least. After finding multi decade highs on the back of geo-political volatility and record high inflation levels the price has seen an aggressive retracement. With the overall commodities market suffering a big drop as recessionary pressures have taken over and a resilient USD, Natural gas has ...

September 30, 2022
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Gold Testing Major Support Level

For the last 2 years, Gold has been bouncing in a range between $1700 and $2070 and is currently testing the major support level around $1700 as seen below. The price has used the yellow highlighted as an area for support zone and a rejection zone. Over the last 2 years clear rejections have occurred every time the price has reached around $...

September 16, 2022
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Natural Gas – Technical Analysis

The United States used 30.28 trillion cubic feet of natural gas in 2021, making them the world’s largest consumer of natural gas. Natural gas consumption in the United States has two seasonal peaks, largely reflecting weather-related fluctuations in energy demand. One of the biggest consumptions of gas is industrial, residential and commercial co...

September 8, 2022
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Oil Price tumbles to 7 month lows as recession fears grow

Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from  October.   In recent months with the Russian and...

September 8, 2022
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Brent testing critical level again

  Brent Crude oil much like many other commodities has seen its value drop on the back of a strong US dollar and weaker demand forecasts. With the tail wind of the Russia and Ukraine crisis fading, Brent has struggled to maintain its highs of $125 a barrel in the last few months. In addition, the price has dropped to the point where it is r...

September 2, 2022
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Is the price of wheat ready to bounce?

  The price of wheat is finally starting to show positive signs after an aggressive sell off that has been ongoing since May 2022. There is hope that the price of the commodity may begin to climb again with the price finally finding some support.  The price has been impacted by growing fears that production may slip may increasing volatili...

August 30, 2022
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Oil continues its sell-off as it drops after weaker Chinese and US economic figures

Oil has continued its tumble from its March 2022 high of $131 per barrel down to $82 a barrel. The drop has been in response to weak economic figures from China and the USA which has added to the recessionary anxiety gripping the market. Furthermore, as Iran edges closer to a nuclear deal, the removal of economic sanctions on the country may be ...

August 16, 2022
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Oil Companies Record Profits in question

In a time when you consumers could potentially be feeling domestic budgets tighten up, by the result of surging high inflation and rise in prices of commodities, you would be forgiven to be receiving the news that some of the biggest oil companies in the world, have acquired record profits with some skepticism, you would even question if these ...

August 9, 2022
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US dollar drops as the economy shrinks by 0.9% for the last quarter.

US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belief that due to low unemployment figures of 3.6% and a strong market for jobs with 11 million job open...

July 29, 2022
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Wheat Trading Opportunities

Wheat Trading Opportunities   Wheat is a well-known soft commodity that is vital for any kind of bread product. It also has important uses for the feedstock for cattle which is vital in economies with large agricultural sectors. The supply and demand for wheat can be volatile with changes occurring for a multitude of different reasons. The...

July 26, 2022
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