Commentary

A February to Remember For Copper And Gold

Mar 01, 2019

February 2019 was an excellent month for the prices of two high-profile metals that trade on the futures exchanges. Gold is a metal that has many roles. The yellow metal is a go-to favorite when it comes to jewelry, and its resistance to heat and... more

Gold and Silver Send Signs on Their Weekly Charts

Feb 01, 2019

Gold fell to a low at $1161.70 in mid-August, but silver waited until mid-November to find its bottom at $13.86 per ounce. Since the lows, the precious metals have been making higher lows and higher highs. During the week of January 22, both... more

Q4 2018 Losers and Winners in Commodities and a Look Ahead to Q1 2019

Jan 02, 2019

The dollar index moved higher by 1.05% in the fourth quarter of 2018, and the commodities asset class posted a loss over the final three months of the year that ended on December 31. Two of the six major sectors posted losses while four moved to... more

Natural Gas and Crude Oil Provide Lessons for Traders and Investors

Dec 03, 2018

In early October it looked like the price of crude oil was heading for triple-digit territory on the back of sanctions on Iran that were coming in early October. At the same time, the price of natural gas futures had been consistently failing on... more

Lessons from the Sugar and Coffee Futures Markets

Nov 01, 2018

There are many lessons that we can learn from the price action in commodities markets. Commodities tend to rise to prices where output increases, inventories build, and demand declines. At lofty levels, prices peak and reverse. The most recent... more

Q3 2018 Losers and Winners in Commodities and a Look Ahead to Q4

Oct 01, 2018

The dollar index moved higher by 0.41% in the third quarter of 2018, and commodities prices moved lower, with all six major sectors posting losses. The composite of 29 raw material markets that trade in the U.S. and U.K. gained 7.95% in 2017. In... more

Commodities Follow the Dollar Like Obedient Puppies

Sep 04, 2018

The dollar index futures contract hit a high of 103.815 at the beginning of January 2017 after rising from lows of 78.93 in May 2015. The index broke out to the upside on a technical basis when it rose above the October 2005 high at 92.53, and... more

Two Reasons Why Crude Oil Is Bullish and One Why It Could Spike Higher

Aug 01, 2018

Crude oil is the most watched commodity that trades on futures exchanges. The Brent crude oil futures contract, a pricing benchmark for two-thirds of the world’s petroleum trades on the Intercontinental Exchange. West Texas Intermediate crude oil... more

Q2 2018 Losers and Winners in Commodities and a Look Ahead to Q3

Jul 03, 2018

The dollar index moved higher by 5.05% in the second quarter of 2018, but commodities prices managed to post gains with four of the six major sectors moving to the upside.

Out of the 29 commodities that I follow, 15 posted gains and 14... more

Two Soft Commodities May Offer Value

May 31, 2018

The best opportunities in commodities markets often occur when they are at the top or bottom of their cycles when it comes to supply and demand. Soft commodities can be one of the most volatile at times, as weather and crop diseases can alter... more