Commodities

India seeks energy diversification amid Qatari ex-navy men judgement
November 03, 2023 01:57 AM AEDT| By InvezzWith the Israel-Palestine war escalating further, more countries in the region are being pulled into the conflict. In terms of the knock-on effects on energy security, Saudi Arabia, Iraq, UAE, and Kuwait, all feature in the top ten exporters of crude...

SolarEdge, SunRun, Enphase Energy stocks and the bursting ESG bubble
November 02, 2023 05:00 PM AEDT| By InvezzESG has been a major market theme in the past decade. At its peak, the industry had over $41 trillion in assets and analysts predicted they would hit $45 trillion by 2025. Recently, however, there are signs that the ESG bubble is bursting. On Wednesd...

ExxonMobil, Chevron stock price outlook amid an FTC probe push
November 02, 2023 05:58 AM AEDT| By InvezzExxonMobil and Chevron, two of the energy industry’s giants, have found themselves under the scrutiny of federal regulators as some Democratic lawmakers demand for a Federal Trade Commission (FTC) probe into their recent acquisitions. The poten...

Transocean stock price: RIG is at risk of diving as earnings miss
October 31, 2023 01:00 PM AEDT| By InvezzTransocean (NYSE: RIG) stock price continued its bearish trend this week as energy shares retreated. The shares crashed to a low of $6.51 on Monday, the lowest level since June 30th. It has dropped by more than 27% from the highest level this year, g...

Orange juice, cocoa, palm oil, rice prices unstoppable bull run gains steam
October 28, 2023 12:00 AM AEDT| By InvezzOrange Juice price remarkable rally continued this week as concerns about supply continued. According to Barchart, the cash contract for orange juice surged to $397 on Friday, the highest level on record. It has had a strong rally after bottoming at...

Uranium price surge gains momentum as wind and solar stocks crash
October 27, 2023 02:22 AM AEDT| By InvezzUranium prices continued surging this week as demand rose around the world. Data by TradingEconomics shows that uranium was trading at $73 on Thursday, the highest level since 2008. Most importantly, uranium has moved above where it was before the Fu...

Hess Midstream stock analysis after Chevron’s Hess buyout
October 25, 2023 03:05 PM AEDT| By InvezzHess Midstream (NYSE: HESM) stock price has been quite volatile this week as investors digest the news that Chevron will acquire Hess Corporation. The stock was trading at $30.32 on Tuesday, down from this month’s high of $31.40. Hess Midstream earni...

Lithium, nickel prices have plummeted: is the ESG bubble bursting?
October 20, 2023 12:47 AM AEDT| By InvezzLithium and nickel prices continued their plunge as signs of cooling demand continues. Data compiled by Investing shows that the price of lithium carbonate crashed to CNY 174,500 on Thursday, down from the year-to-date high of CNY 365k and last year’...

Oil prices on a tear higher since summer: is a US recession close?
October 19, 2023 07:19 PM AEDT| By InvezzOil prices jumped during summer and threatened to break above the pivotal $100/barrel (WTI crude oil). A combination of factors, such as strong demand, sanctions of Russia for invading Ukraine, etc., led to oil prices reversing the previous bearish t...

Triple tops (almost) never work – got gold?
October 17, 2023 06:10 PM AEDT| By InvezzThe last quarter of the trading year started with a low-volatility environment. Nothing moves, and almost all swings are reversed. Even geopolitical tensions failed to move markets. Instead, investors appear to wait for something else, looking for di...

Soybeans price spikes as WASDE report points to lower yields
October 14, 2023 01:36 AM AEDT| By InvezzSoybean prices bounced back this week after an encouraging report by the USDA. Data by TradingView shows that the price jumped from a low of $1,272 on Thursday to a high of $1,320. Despite the rebound, soybeans remains 17% from the highest level this...

Physical Uranium trades at a 12-year high; is it still a buy?
October 10, 2023 07:35 PM AEDT| By InvezzLast month, I argued in this article that Uranium mining stocks are promising, given improvements in the pro-nuclear sentiment. It is, perhaps, interesting to have a look at how investments in Uranium performed recently and what to expect from now on...

Olive oil price surge gains momentum as supplies dwindle
October 09, 2023 10:26 PM AEDT| By InvezzOlive oil prices continued surging this week as concerns about supplies remained. Data by the IMF shows that the price has soared to $9,000, the highest level on record. It has soared by more than 595% from the lowest level in 2022. Olive prices and...

Orange price surges as the industry faces the perfect storm
October 06, 2023 01:00 PM AEDT| By InvezzOrange juice price continued surging this week as concerns about supply rose. Data by Investing shows that orange juice futures surged to an all-time high of $377 on Thursday. It has jumped by more than 317% from its lowest level in 2020, making it o...

Silver price fails at dynamic resistance: here’s what the charts are signalling
October 05, 2023 07:03 PM AEDT| By InvezzCommodities have suffered from the US dollar’s strength in September. Precious metals are just one category that reflected the dollar’s strength, as both gold and silver prices have declined significantly. Rising global yields led to strong demand fo...

Should you buy uranium miners as pro-nuclear sentiment improves?
September 28, 2023 01:08 AM AEST| By InvezzThe world is in a climate crisis, and each year that passes, it gets worse – waters are warmer, and temperatures rise every year. Governments are searching for solutions and have ambitious plans to reduce greenhouse gas emissions. But the road...

Is inflation really going down?
September 22, 2023 05:16 PM AEST| By InvezzMajor central banks signaled this week that they have reached a point where they are comfortable in their fight against inflation. The interest rate hikes in the last months have started working, as they need time for their effects to be seen. First,...

SPDR Gold Trust (GLD) ETF nears a key price as US debt hits $33T
September 19, 2023 10:02 AM AEST| By InvezzThe SPDR Gold Trust (GLD) ETF price jumped by more than 0.60% on Monday as traders repositioned for the upcoming Federal Reserve decision. The stock was trading at $180, a few points above last week. Federal Reserve decision ahead The SPDR Gold Trust...

Silver price forecast: outlook after hitting key support
September 15, 2023 12:04 PM AEST| By InvezzSilver price bounced back on Friday morning as investors cheered the impressive Chinese economic numbers and the new stimulus package. It soared to a high of $23.05, a few points higher than this week’s low of $22.26. This price is ~11.47% below the...
Soybeans price forecast: More downside after the WASDE report
September 13, 2023 10:02 AM AEST| By InvezzSoybean prices drifted downwards on Wednesday as investors reflected on the latest WASDE report by the USDA. Data by TradingView shows that the price of soybeans dropped to $1,384, down from last week’s high of $1,463. Soybeans demand and supply The...