Commodities

Long Copper: Stabilizing after sharp decline, poised for short-term retracement

Short Natural Gas: Bounce fails to hold, bearish reversal likely

Long Gold: Support holds strong below $2,390, ready for a rebound

Amplats on track for 2025 demerger from Anglo American, cuts 3,700 jobs to reduce costs

South Africa’s Anglo American Platinum (Amplats) is navigating significant financial challenges while keeping its ambitious restructuring program on track. The company expects to complete its demerger from its parent company, London-listed Angl...

China to review anti-dumping measures on stainless steel imports

China’s Ministry of Commerce (MOFCOM) has announced an expiry review of the anti-dumping measures on stainless steel billets and hot-rolled stainless steel plates and coils imported from the European Union (EU), the United Kingdom (UK), the Rep...

Deadly pink bollworm halves cotton cultivation in North India

For nearly four years, the pink bollworm has devastated cotton crops in the northern Indian states of Punjab, Haryana, and Rajasthan. This infestation has led to a significant decrease in cotton cultivation, which has fallen from around 160,000 hecta...

Short WTI Crude Oil: Persistent lower highs and lows indicate bearish trend continuation

Long Natural Gas: Support stabilization signals turnaround potential

Copper price forecast as it nears a technical bear market

Copper price continued its downward trend this week, erasing some of the gains made earlier this year. It has dropped by almost 20% from its highest point in 2024, meaning that it is nearing moving into a bear market. Industrial output falling Copper...

Aluminum prices fall as US imposes 10% tariff on Mexican imports to curb Chinese dumping

The Aluminum Monthly Metals Index (MMI) saw a 4.67% decline from June to July, reflecting ongoing volatility in the aluminum market. Aluminum prices continued their downward trajectory, hitting their lowest levels since mid-April before stabilizing i...

Short Silver: Strong resistance above $31.80 and bearish breakout

Venezuelan farmers boost rice and corn production with guild loans

More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and blue sky. The growing crops, set to be harvested in September, were planted thanks to...

Cost of coffee: Climate change, shipping woes, and EU regulations send prices soaring

The global coffee market is experiencing unprecedented turbulence, driven by a confluence of factors including climate change, shipping disruptions, and new EU regulations. Italian coffee giant Lavazza has highlighted these issues, warning of signifi...

Short Gold: bearish momentum signals potential downside as price pulls back from key supply zone

Short WTI Crude Oil: Struggle at key resistance levels suggests downward pressure

Gold hits new high above $2,400 amid geopolitical tensions and economic uncertainty

Gold prices have soared past $2,400 per ounce, reaching their highest level since late May, when they closed at a record $2,426.  According to renowned international economist Aldo Contreras, geopolitical tensions and economic indicators in the...

Long XAU/CHF: bullish breakout targets 2,175 as US inflation data boosts gold’s appeal

Global oil demand in Q2 slowest in over a year due to fall in Chinese consumption: IEA

Growth of global demand for oil in the second quarter of the current fiscal came to be the slowest in over a year as Chinese consumption contracted, the International Energy Agency said.  According to IEA’s Oil Market Report, global d...

Long WTI Crude Oil: Rallying off support with short-term bullish trend

Short Silver: Lower highs and lows & bearish engulfing pattern signal continued downtrend