Commodities took a breather to start the trading week as crude oil hit a four-month low to settle at $90.61 a barrel, gold hit a five-week low under $1,500 an ounce and many other commodities, including corn, wheat, and cattle also headed south. Our Senior Market Strategist Richard Ilczyszyn shared his thoughts on whether the [...]

Futures Market Outlook by Blake Robben Usually when the markets show hints of bubbling or topping action, the moves are parabolic and the angles we see on charts are very steep. While we clearly saw that in crude oil last year, I don’t see that pattern yet in gold. I think gold, crude oil and [...]

Natural Gas Cheap, but Get Ready for a Rally by Phil Streible Natural gas has been the worst-performing commodity this year, falling more than 30 percent since the end of December and sliding to a six-year low in April. Weakness in the U.S. dollar, which has buoyed many commodities, including crude oil, has failed to [...]

Crude oil has now ticked above $71 a barrel, a seven-month high, after the Energy Information Administration (EIA) raised its demand outlook for 2009, and a report late Tuesday from the American Petroleum Institute (API)  showed oil supplies fell 5.96 million barrels to 357.9 million last week, the lowest level since March. The EIA releases [...]

Crude oil futures are trading slightly lower in early trade, with the June contract trading slightly under $49 a barrel. Lind Plus Senior Market Strategist Jeff Friedman said while crude oil bulls may be encouraged by Tuesday’s higher close, he thinks the rally was driven mainly by short-covering after the market had hit a six-week [...]

May NYMEX crude oil futures ended down $1.99 a barrel to $52.35, but the market is still up about 17 percent this year. Has the market gotten ahead of itself? According to a Bloomberg Report, Goldman Sachs Group said fundamentals don’t support higher crude just yet. According to the article, the discount for May crude [...]

Gold Headed to $1,000 an Ounce, Crude Oil Still Shaky By Frank J. Cholly I’m very impressed at how the gold market has been holding up as many other commodities saw prices cut in half or more in the past six months. Investors have been flocking to gold as a safe-haven, and I see $1,000 [...]