Commentary

August Gold Four-Day Balance

May 29, 2015

Over the past three months, August gold has been rotating within a balance range of 11700 to 12250. During that time, the market has made several extreme moves in both directions, however, a broader view of the market shows it is range bound and... more

Natural Gas Rally Leaving Important Downside References

May 08, 2015

From the middle of March until the end of April, June natural gas held a steady decline from about 290.0 down to below 250.0. However, over the last ten days, much of that decline has been retraced. Most of the retracement occurred on Thursday,... more

Crude Oil

May 08, 2015

Will the Recovery Hold?

In June 2014, active month NYMEX crude oil was trading north of $107 per barrel. The price moved to lows of $42.03 by the middle of March 2015 - a decline of around 61%. The move lower began as a response to... more

Dow Jones News Highlight: Central Banks

Apr 23, 2015

This Dow Jones News newsletter highlights some of the top coverage from Dow Jones' newsrooms around the world. The newsletter's focus is Central Banks, and coverage highlights include: 

Exclusive news on the foreign-exchange market,... more

Gold Coiling for a Breakout

Apr 17, 2015

Over the past month, June gold has been trading within a 11822-to-12245 balance range. However, over the past two weeks, the daily ranges have been getting pinched smaller and smaller, forming a triangle formation. The relatively tight range on... more

Crude Oil Daily Ranges Getting Squeezed into a Triangle Formation

Apr 10, 2015

Over the past three weeks, May crude oil has been trading within a 4714-to-5407 balance range. However, over the past five days, the daily ranges have been gradually shrinking, essentially getting squeezed into a triangle formation. Many times... more

Q1 Commodities Winners and Losers

Apr 07, 2015

The rally in the US Dollar that commenced in May 2014 continued to gain steam throughout much of the first quarter of 2015. The reserve currency of the world has an inverse relationship with commodity prices. In this piece, I describe how... more

Grains in 2015 - A Depressed Sector

Apr 07, 2015

Soybean and corn prices have certainly turned around over the past few years. After reaching highs during the aftermath of the 2012 drought, prices have gone south. In 2012, corn traded to highs of almost $8.50 per bushel while soybeans reached... more

RBOB Calendar Spread Contained within a Tight Range

Mar 20, 2015

During the last few weeks, the April/May RBOB calendar spread has formed a rotational range of -78 to +99. However, over the past seven trading days, the trading range has shrunk to 0 to +55. A 55-tick range for the spot RBOB spread is very... more

NYMEX Crude Oil: A Market Going Nowhere?

Mar 02, 2015

The price of active month NYMEX crude oil is what everyone is focusing on these days, but that price is only a view from thirty thousand feet of what is actually going on in the global oil patch. There is so much more to the price of crude oil,... more