Commodities

US markets plunge into red as defense stocks and oil prices surge

US stocks saw red on Tuesday as oil prices spiked after reports of an escalation in tensions in the Middle East. At the time of writing, the Dow Jones Industrial Average shed 187.37 points to be at 42,144.78. Earlier in the day, the Dow had plunged 3...

Long Gold: Retracement phase ends, ready for new highs

Short Natural Gas: Fails to break above $2.900, bearish momentum strengthens

US purchases 6 million barrels of oil to rebuild Strategic Petroleum Reserve

The US Department of Energy announced on Monday that it has secured 6 million barrels of oil for the Strategic Petroleum Reserve (SPR), with deliveries scheduled through May 2025. This move is part of ongoing efforts to replenish the SPR after a hist...

UK’s last coal power plant at Ratcliffe-on-Soar shuts down: why it matters

Britain’s last remaining coal-fired power plant at Ratcliffe-on-Soar in Nottinghamshire is set to generate electricity for the final time on Monday, after serving the UK for 57 years. The closure of this facility represents a major milestone in the c...

Short Copper: Spike high reversal, Weak momentum below key support levels

China stimulus: top 3 commodities stocks to consider

China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos De Alba – a Morgan Stanley analyst, metals and mining stoc...

Long WTI Crude Oil: Multiple tests of support near $67 signal potential for reversal

Steel rebar futures jump to CNY 3,170: Chinas’ stimulus measures boost market optimism

In September, the futures for steel rebar experienced a notable increase, reaching CNY 3,170 per tonne. This spike represented the highest price seen in a month, largely driven by the market’s response to new fiscal stimulus measures introduced...

Short Silver: Triple-top formation signals waning upward momentum

Short Copper: Weakened momentum signals imminent pullback

Short Natural Gas: Fatigue sets in near key resistance around $2.9400

Chile’s mining slowdown pushes producer prices lower in August

Chile’s producer prices saw their sharpest deceleration in five months this August, highlighting a shift in the country’s economic landscape. According to a recent report from Chile’s National Institute of Statistics, producer prices incr...

Short Silver Futures: Multiple tops at $31.600 resistance signals downward momentum

Crude oil price rebound could be short-lived: technical analysis

Crude oil prices remained subject to choppy trade in the new week as demand concerns continue to weigh on the commodity. Granted, the market is still finding support in the recently announced rate cut by the Federal Reserve. Besides, geopolitical ten...

Long Silver: Momentum builds after rate cut, key resistance near $31.500 in sight

Venezuela seeks four-month halt to Citgo auction amid mounting financial crisis

The Venezuelan government has recently attracted attention by requesting a four-month delay in the auction process mandated by a US court regarding the shares of Citgo Petroleum’s parent company, based in Houston. This request, as reported by Reuters...

Long Copper: Double Bottom Formation Near $4.2400 Signals Uptrend

Cotton prices surge as speculative buying rises amid USDA cuts and hurricane risks

Cotton prices have surged recently, driven by speculative buying and a combination of factors including recent USDA reports and potential hurricane impacts in the Delta region. The USDA’s reduction in production and ending stock estimates has i...

Short Silver: Failure to break above $31.500 resistance, bearish reversal signals downside risk