Tuesday , January 19 2021
Home / Commodity Blog

Commodity Blog

Commodities Technical Analysis, January 18th — January 22nd

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of January 17th, 2021: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 48.73 50.11 51.15 52.53 53.57 54.95 55.99 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

Read More »

Commodities Week in Review: January 11 to January 15

Commodities Week in Review: January 11 to January 15 Agriculture  The agriculture market had a surprisingly good week, despite a strengthening US dollar. Agricultural commodities ballooned over the last five sessions on strong fundamentals, including surging foreign demand, tightening supplies, and volatile weather conditions. Agriculture prices are expected to climb even further in 2021 amid the COVID-19 global public health crisis....

Read More »

Lindsay Lohan Predicts Bitcoin’s Rally to $100,000

This week was volatile for the cryptocurrency market. Bitcoin fell in price by a quarter and lost several hundred billion dollars in capitalization, but a few days later won back some of the losses. Analysts disagree as to where Bitcoin price will head next. However, market sentiment rather confirms the bullish outlook. Lindsay Lohan predicts a new rally in the crypto market American actress, Parent Trap star Lindsay Lohan has her own opinion on this. In a promotional video, she claims that...

Read More »

Gold, Silver Plunge on Soaring Dollar, Lower-Than-Expect Producer Prices

Gold futures are cratering to finish the trading week, driven by an accelerating rally in the US dollar. The precious metal’s plunge was exacerbated by producer prices rising less than expected. But gold prices may have limited their losses after the Federal Reserve revealed that it would not be exiting from its accommodative monetary policy strategy anytime soon. February gold futures plummeted $23.60, or 1.27%, to $1,827.80 per...

Read More »

Bitcoin Teases $40,000: Has the Time Come to Sell Bitcoin?

When in early 2020 Bitcoin price hovered around $8,000, no one was expecting the price to surge the way it did by December 2020. The surge continued through January as Bitcoin broke the $40,000 mark for the first time ever. However, since the start of the week, Bitcoin plunged to $32,636. Causing CNN’s Paula La Monica to declare Bitcoin in the bear market. In the last 24 hours, Bitcoin rose...

Read More »

Natural Gas Slumps Despite Bigger-Than-Expected Supply Drawdown, Polar Vortex

Natural gas futures slumped on Thursday, despite a bigger-than-expected supply drawdown and the coming polar vortex that is expected to blanket North America in frigid temperatures. Although prices dropped more than 1% toward the end of the trading week, market analysts are still optimistic about natural gas due to a myriad of bullish factors. February natural gas futures tumbled $0.036, or 1.34%, to $2.653 per million...

Read More »

Video: Gold in Middle of Week of January 11-15, 2021

In the present video, Phil Carr from The Gold and Silver Club talks about gold in the middle of the week of January 11–15, 2021. He starts the video by discussing the recent price moves, the reasons behind them, and how traders could have reacted to them. Phil then talks about the current behavior of gold and what traders can do going forward. If you found this video useful and want to see...

Read More »

Soybeans Pause Rally After USDA’s Bullish WASDE Report

Soybean futures took a breather midweek after the US government released its first supply and demand report of 2021. The crop’s prices have extended their gains from 2020, rising close to 8% in the first two weeks of the year. But as prices trade at their best levels in 2021, how much higher can soybean go over the next 12 months? March soybean futures tumbled $0.0875, or 0.62%, to $14.095 per bushel...

Read More »

Glassnode: Bitcoin Whales Bought Monday’s Price Dip

After opening day trading above $38,100, Bitcoin (BTC) suffered heavy losses on January 11. As a result, the price of Bitcoin plummeted to $31,244 on Bitstamp. However, the drop in prices quickly attracted buyers. Today, January 12, Bitcoin has managed to recover a little after yesterday’s fall. At around 20:11 GMT, Bitcoin is trading in the region of $34,300. Bitcoin whales kept accumulating amid the recent drop According to data from Glassnode, Bitcoin whales did not succumb to panic...

Read More »

Copper Rises 1% Amid Weaker US Dollar, Fund Bullishness

Copper futures topped the $3.60 threshold on Tuesday as the industrial metal found additional support from institutional investors and funds. After a little bit of profit-taking, investors are beginning to make fresh bets to start 2021, anticipating the red metal to outperform gold this year. March copper futures advanced $0.0495, or 1.39%, to $3.614 per pound at 16:13 GMT on Tuesday on the COMEX division...

Read More »