Commodities markets have seen widespread corrections early this week, but Lind-Waldock Senior Market Strategist Richard Ilczyszyn said it’s too soon to count commodities out yet, particularly if the U.S. dollar remains weak. Gold slid 2.2% Tuesday and silver tumbled 3.3% as the dollar rallied and CME Group raised its margin requirements for gold, silver, platinum [...]

Futures Forecast for November: Gold Still Shines as Dollar Drives Commodities by Jeff Friedman In October, the U.S. dollar was the driving force for commodities, and the weak dollar brought strength in the gold market in particular. I see the dollar remaining the dominating theme in November for commodities, but stock indexes may struggle a [...]

Bullish Crude Oil Strategy for 2009 by Phil Streible Crude oil has tumbled more than 70 percent off its record high above $147 a barrel in July, sliding below $40 in the final days of 2008. While this bearishness may persist in the short-term, I expect a rebound to $60 – $80 by the fourth-quarter [...]

A recent survey of 33 analysts conducted by Bloomberg revealed that crude oil is seen averaging $60 a barrel in 2009, up from just under $40 currently. OPEC’s pledge of a 14 percent supply cut is seen crimping inventories, and the U.S. economy is also seen improving by year-end. Crude oil futures averaged $100 in [...]

Softs Looking Soft: Coffee, Cocoa, Sugar By Ken Hughes The softs market has been hit by the financial market meltdown, as just about all commodities have declined on ideas global demand is set to slow significantly. I’ll take a look at the fundamental and technical picture for coffee, sugar and cocoa futures.