Commodities

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

Barclays upgrades Lindt and Barry Callebaut on positive outlook driven by lower cocoa costs

Barclays upgraded the stocks of Swiss chocolatiers Lindt & Spruengli (LISN) and Barry Callebaut (SIX) to ‘Overweight’ on Tuesday, signaling confidence in both companies’ ability to capitalize on favorable cocoa price trends, growth in...

Gold poised for record rally after minor setback if Fed opts for 25 bps cut: Goldman Sachs

Gold is likely to experience a short-term decline if the Federal Reserve opts for a modest 25-basis-point interest rate cut this week, but Goldman Sachs analysts expect the metal to stage a strong rally soon after. According to a note from Goldman an...

Short E-mini S&P 500: Near-term resistance at $5,670 presents low-risk shorting opportunity as recovery stalls

Robusta, Arabica coffee prices soar, corn, soybeans near death cross

Coffee price continued its strong surge this week, continuing a trend that has been going on for the past few years. Data by TradingView shows that coffee has jumped in the past seven consecutive months, reaching its highest point since 2011. It has...

Short Copper: Key resistance at $2.2400 again triggers bearish reversal, downtrend resumes

Long Gold: Breakout above $2,560 resistance signals uptrend as Jobless claims fuel momentum

Long WTI Crude Oil: Recovery from key support signals strong upside potential

Crude oil prices plummet to 3-year low amid global economic fears: what’s next?

Crude oil prices hit a 3-year low on Tuesday, September 10, 2024, as negative market sentiment overwhelmed traders. WTI crude fell by over 4% to $65.75 per barrel, while Brent crude dropped to $69.19 per barrel. These declines mark the steepest drop...

Tata Steel secures £500m UK government subsidy in new deal: what it means for the industry

The UK government has finalized a £500 million subsidy deal with Tata Steel, aimed at transforming the Port Talbot steelworks into a greener facility. This grant is part of a broader £1 billion investment package that seeks to replace the site’s exis...

US crude oil prices drop below $70 per barrel amid global demand concerns

US crude oil prices have experienced a sharp decline, with West Texas Intermediate (WTI) crude falling to $66.11 per barrel and Brent crude dropping below $70. This marks a significant drop of over 3% for both benchmarks, with Brent falling below the...

Long Natural Gas: Double bottom at $2.1150 signals reversal, momentum gaining strength

Long Copper: Strong recovery and break above 78.6% Fibonacci retracement suggests $4.1700 resistance may finally give way