Commodities on the move
Several signals suggest commodities are ready to rally, according to James Dima, technical analyst at Marex Spectron.
Commodities & Energy
Gold rises as risk sentiment falls
Gold is benefiting from the current market turmoil and looks set to reach 1625 within one to three months, says George Davis, Chief Technical Strategist at RBC Capital Markets.
Bounce expected for Bean Oil
Soybean Oil will likely rebound off strong support, according to James Dima, technical analyst at Marex Spectron.
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.