Poor Data from USA Helps Gold, Hurts Oil

Some of Tuesday’s economic indicators released from the United States came out worse than was anticipated. Futures for gold rallied as a result. By the same token, …

Nickel Drops as Strike Canceled, Soybeans Rebound on Export Demand

Nickel dropped today due to cancellation of a strike at Colombia’s Cerro Matoso mine. Workers were planning to halt production because of disputes about extended …

Palladium Moves in Ascending Channel, Suggestion in Case of Bearish Breakout

Palladium in an ascending channel on the weekly chart. This pattern indicates an uptrend, which has started back in 2012. Yellow lines show borders of the channel, which …

Technical Analysis, November 24th — November 28th

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of November 22nd, 2014:…

Interest Rate Cut by China’s Central Bank Shocks Markets

The People’s Bank of China made a surprise move today, cutting its interest rates in an effort to boost economic growth. The announcement had tremendous impact …

Gold’s Rally Limited by Dollar, Soybeans Extend Losses

Gold rose a bit together with other precious metals today, but gains were limited. The metal is supported by the upcoming referendum in Switzerland regarding …

Nickel & Rubber Advance on Supply Outlook

Nickel rose today, heading to a weekly gain, as Indonesia reaffirmed the ban on ore exports. The biggest producer of mined nickel ore instituted export restrictions to promote …

US Data Drives Gold Down, Crude Oil Up; Natural Gas Joins Rally

Today’s economic data from the United States was fairly good, driving gold and other precious metals down. By the same token, it allowed crude …

China’s & Europe’s PMIs Miss Expectations, Copper & Oil Slide

Private data about China’s manufacturing came out from Europe today as well as various PMI figures. Almost all figures were disappointing, missing …

Oil Declines on Bearish Supply Report

Crude oil fell at the start of Wednesday’s trading session due to an unfavorable supply report from the American Petroleum Institute. The API reported that …


Enter your email address:

Monthly Archives
Follow Commodity Blog on Twitter Don't show me this offer ×