Commodities

Strong US labor market data takes some shine off gold

Robust US labor market data took some of the shine off gold on Friday. Gold prices on COMEX fell after the release of the US non-farm payroll data and the unemployment rate. However, prices have recovered somewhat, and are now in the green. Gold pric...

Long Silver: Rebound from key support with higher highs and higher lows signals bullish momentum emerging

Long Brent Oil: breakout from double bottom formation amid middle east tensions signals further upside

OPEC sticks to output policy as Iraq, Kazakhstan, and Russia pledge to offset overproduction

Despite rising geopolitical tensions, the Organization of the Petroleum Exporting Countries (OPEC) held a panel meeting on Wednesday and decided to maintain its current oil output policy. The Joint Ministerial Monitoring Committee of OPEC met to asse...

What Trump said about ‘$8 eggs, $5 gas, 7% interest rates’: Key takeaways from his interview with Dave Ramsey

With the US presidential elections just a month away, political rhetoric is intensifying, as candidates focus on improving the country and its economy. Dave Ramsay, CEO of Ramsay Solutions, interviewed former US president and Republican presidential...

Dow Jones, S&P 500 fall second day in a row; Apple, Microsoft, Tesla, Nike slide

The benchmark S&P 500 and Nasdaq hovered near two-week lows on Wednesday as investors factored in escalating geopolitical tensions in the Middle East, while a survey eased concerns about a sharp slowdown in the US labor market. The Dow Jones Indu...

Gold slips on reduced bets for oversized rate cuts, but Middle East tensions limit losses

Gold prices are in red despite tensions in the Middle East on Tuesday. On Tuesday, Iran fired ballistic missiles toward Israel in retaliation to the latter’s killing of one of its top commanders and leaders of Iran-backed militias in the region. Gene...

Long Natural Gas: Breakout above consolidation range signals bullish momentum

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