On January 1, OPEC and Co. sealed a deal to slash crude oil supplies and by proxy, keep prices afloat. And yet, on June 20, crude raked in its worst first-half of a year since 1997. We think there's a simple reason why.
Dear crude oil traders, the key to the market's next big move isn't in the next inventory report, or OPEC supply cut, or (fill in the blank). It's on the market's price chart, right now!
On June 9, palladium prices rocketed to their highest level in 16 years. The problem is, there's no clear mainstream reason for the metal's surge. There is, however, a very clear Elliott wave reason.
Tom Denham, the editor of our Metals Pro Service, discusses recent price action in gold. You'll also hear his new insights into silver, palladium, copper and more.
In late March, all fundamental signs in the market for lean hogs pointed in one clear direction: down. And yet, hog prices enjoyed a powerful rally to fresh contract highs. Find out the real story here!
Before the May 25 OPEC meeting, crude oil price rose to $52 a barrel. And then, as the meeting statements were released, crude sank more than 5%. You could say it's a classic case of "buy the rumor, sell the news." But we believe there was another pattern at play here.
The mass "exodus" of financial institutions from commodities continues. Could this be a sign that the 6-year long commodity bear market has bottomed?