From the Desk of Ian Culley @IanCulley
Metals are beginning to shine.
Gold’s new all-time high has captivated the masses. But all that glitters isn’t gold.
In fact, base and industrial metals are also providing ample trading opportunities.
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Metals are beginning to shine.
Gold’s new all-time high has captivated the masses. But all that glitters isn’t gold.
In fact, base and industrial metals are also providing ample trading opportunities.
by Louis Sykes
From the desk of Louis Sykes @haumicharts
Whenever we want to gauge animal spirits in the precious metals space, we resort to our trusty intermarket ratios.
Two weeks ago in our Gold report, we covered the notable bounce we were witnessing in the Silver/Gold ratio, pointing to brewing risk appetite within this space. And this week, we outlined a bullish trade in the iShares Silver ETF off the back of this recent momentum.
But when we take this relationship one step further, we see a similar situation in the relationship between Silver and Gold mining stocks.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are losing ground as money flows back into stocks and bonds in hopes of a Santa Claus rally.
Yet fresh strength in equities isn’t completely leaving commodities in the dust. In fact, numerous bullish developments are underway for raw materials.
Dr. Copper is working its way higher. Crude oil is refusing to throw in the towel despite increased selling pressure. And softs such as orange juice, cocoa, and sugar are flying toward fresh decade highs.
That doesn’t sound bearish to me, especially when considering new buying opportunities in the grain markets…
by Ian Culley
From the Desk of Ian Culley @IanCulley
The tide is turning for commodities now that the dollar and rates are falling.
Crude oil is relinquishing its leadership role. Gold and silver are catching a bid. And copper is digging in at former support.
But it’s not only base and precious metals bouncing off critical levels…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Everywhere you look, commodities argue a strong case for the next supercycle.
Live cattle, feeder cattle, sugar, cocoa, and orange juice are all amid historic rallies. Even gold’s resilience in an environment where it should struggle speaks to an underlying demand for raw materials.
Well, perhaps not everywhere…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Survey says…
Buy commodities!
The multi-year secular uptrend in commodities remains intact on absolute and relative terms. Commodities are outperforming the S&P 500 and US Treasury bonds. And cattle, sugar, cocoa, and orange juice are all ripping.
While some of these explosive rallies pause, other areas of the commodity space are forming tactical reversal patterns.
Let’s check out one of my favorites,…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Price must hold above key support levels when defining a range or uptrend.
It might sound simple. Yet investors often sideline these crucial levels in favor of the latest headline.
I read the news daily and support journalists fighting the good fight. However, I don’t incorporate what I read in the papers into my market analysis.
Instead, I focus on price and the critical areas seared into the collective memory bank – support and resistance.
Perhaps you can guess my response when a reader recently asked, “What will it take for crude oil to break down?”
by Ian Culley
From the Desk of Ian Culley @IanCulley
Each commodity market has unique supply and demand dynamics.
The result is a diverse set of assets offering a steady flow of trading opportunities.
Today, I’ll outline two promising trade setups – one long, one short.
Let’s start with a fan favorite…