Bounce expected for Bean Oil
Soybean Oil will likely rebound off strong support, according to James Dima, technical analyst at Marex Spectron.
Commodities & Energy
Gold set to outperform S&P
With increasing geopolitical tensions it is no surprise that Gold has spiked upwards and Frank Cappelleri at Instinet thinks conditions will remain bullish in the long-term.
Pullback expected for Heating Oil
Heating Oil is overextended and will probably revert back to its 20-day moving average, according to James Dima, technical analyst at Marex Spectron.
Bearish signal for Soybeans
Soybeans are about to begin a bearish move down, according to James Dima, technical analyst at Marex Spectron.
Copper: bull signal pending
LME Copper is close to confirming a medium-term bullish signal, according to James Dima, technical analyst at Marex Spectron.
MACD signal on commodities
Monitor for a negative MACD crossover on the Bloomberg Commodity Index, says James Dima, technical analyst at Marex Spectron.
Consolidation for Gold
The risk-on tone that has pervaded through financial markets over the past week is weighing on Gold, says David Sneddon and his team at Credit Suisse in London.
$1700 target for gold
After breaking to 6-year highs, bullion’s long-term breakout remains strong and a minimum price objective of $1700 is now in place, according to Robin Griffiths and Ron William at RWA Market Advisory.
Signal alert for Copper
Copper is near to triggering a MACD buy signal, according to James Dima, technical analyst at Marex Spectron.
Bullish Gold
With gold having risen to six-year highs, Ron William, from RW Advisory, explains what is going on with the precious metal.