Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>Fundamentally speaking, it was nearly a perfect week for commodities as much major news aligned during the week after China eased some Covid restrictions, raising hopes of a demand recovery in the world’s second-biggest economy. </li><li>Almost all major commodities traded higher following China’s move to reduce the time that travelers and close contacts of infected people must spend in quarantine, a significant amendment to the Covid Zero policy.</li><li>China’s loosening of restrictions strengthened a rally that began on Wall Street, with risk assets rising after US inflation slowed.</li></ul>

Fundamentally speaking, it was nearly a perfect week for commodities as much major news aligned during the week after China eased some Covid restrictions, raising hopes of a demand recovery in the world’s second-biggest economy. Almost all major commodities traded higher following China’s move to reduce the time that travelers and close contacts of infected people must spend in quarantine, a significant amendment to the Covid Zero policy.China’s loosening of restrictions strengthened a rally that began on Wall Street, with risk assets rising after US inflation slowed.

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Provide Comprehensive Analysis & Commentary

SAV Markets

SAV Markets aims to provide comprehensive analysis & commentary on foreign exchange and asset markets. The approach is multi asset as markets are typically interlinked. Cause and effect are always at work, even if those effects take time to manifest. As nothing is permanent we strive to get ahead of the curve in an ever changing world.

Technical Analysis

<ul>
<li>The initial target on Silver was the 200 day moving average which has now been met</li>
<li>This moving average limited the gains on the previous two occasions so a close above if seen would be another bullish sign</li>
<li>What has also happened overnight however is that we have taken out a multi week &amp; month trend resistance which suggests further gains</li>
</ul>


The initial target on Silver was the 200 day moving average which has now been met
This moving average limited the gains on the previous two occasions so a close above if seen would be another bullish sign
What has also happened overnight however is that we have taken out a multi week &amp; month trend resistance which suggests further gains


<ul>
<li>Silver’s rally through&amp; close above $23.43 amounts to a bullish break which should open the way for a move to at least the 200 day moving average, currently at $24.63.</li>
<li>The more important level from a medium term perspective is $25.40</li>
<li>What is quite note-worthy is that the recent rally came on a day when the USD was higher</li>
</ul>


Silver’s rally through&amp; close above $23.43 amounts to a bullish break which should open the way for a move to at least the 200 day moving average, currently at $24.63.
The more important level from a medium term perspective is $25.40
What is quite note-worthy is that the recent rally came on a day when the USD was higher


Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Gold's bull path is in line and met our first target at 1,840 with more gas left to reach 1,880. The 1,900-20 is the pivotal macro high zone to clear or will induce a rally stall.Silver has just registered a macro breakout above 19.40 and has good energy as a catch up play with gold. Silver explodes when gold's rise is moving into the mature stage. Silver shows scope to rise to 24 and 26 targets.Copper is leading base metals higher in a reflation trade/move that faces a speed bump in the next month or two. Copper is moving into resistance but attractive on a pullback to buy for a move to challenge 320.Palladium is in play after breaking upward out of triangulation with sights set on testing the January highs. Buy support lies at 2,000. Base metals will faces demand headwinds but the liquidity backdrop is bullish, particularly if equities take a breather in August/September.Silver stands out as the momentum play to ride near term.

Gold's bull path is in line and met our first target at 1,840 with more gas left to reach 1,880. The 1,900-20 is the pivotal macro high zone to clear or will induce a rally stall.Silver has just registered a macro breakout above 19.40 and has good energy as a catch up play with gold. Silver explodes when gold's rise is moving into the mature stage. Silver shows scope to rise to 24 and 26 targets.Copper is leading base metals higher in a reflation trade/move that faces a speed bump in the next month or two. Copper is moving into resistance but attractive on a pullback to buy for a move to challenge 320.Palladium is in play after breaking upward out of triangulation with sights set on testing the January highs. Buy support lies at 2,000. Base metals will faces demand headwinds but the liquidity backdrop is bullish, particularly if equities take a breather in August/September.Silver stands out as the momentum play to ride near term.

Silver Explosive Strength when Gold Is at a Mature Stage - Base Metals in Play

Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Silver has begun to break downwards out of what is probably a bearish triangular consolidation pattern.  Momentum is in a bearish trend, but there needs to be a confirmed break of the May low at 16.04 to signal a drop to targets below 14.70.We think that Gold is in a lengthy 2nd wave consolidation after a new bull market began in late 2015.  Silver's 2nd wave is taking a different shape, and may very well drop back closer to its bear market lows (14.66 is a likely minimum).  However, this…

Silver has begun to break downwards out of what is probably a bearish triangular consolidation pattern.  Momentum is in a bearish trend, but there needs to be a confirmed break of the May low at 16.04 to signal a drop to targets below 14.70.We think that Gold is in a lengthy 2nd wave consolidation after a new bull market began in late 2015.  Silver's 2nd wave is taking a different shape, and may very well drop back closer to its bear market lows (14.66 is a likely minimum).  However, this…

Silver:  Following Gold Back to Its 2017 Lows?

United States

Silver is the metallic element with the atomic number 47. Its symbol is Ag, from the Latin argentum, derived from the Greek ὰργὀς (literally "shiny" or "white"), and ultimately from a Proto-Indo-European language root reconstructed as *h₂erǵ-, "grey" or "shining". A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.

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Silver (SILVER COMDTY)

The Commodity Report #77

Fundamentally speaking, it was nearly a perfect week for commodities as much major news aligned during the week after China eased some Covid...

The Commodity Report

Silver: Initial Target Met, However..

Silver is approaching important levels after meeting the initial upside target. How is behaves over the days ahead should reveal the ultimate path.

Shyam Devani

Silver's Bullish Break

The break on Silver opens the way for further gains towards $24.63 & possibly $25.40 which is the big level to watch from a medium term perspective.

Shyam Devani

Silver Explosive Strength when Gold Is at a Mature Stage - Base Metals in Play

Gold's bull path is in line and met our first target at 1,840 with more gas left to reach 1,880. The 1,900-20 is the pivotal macro high zone to...

Thomas Schroeder

Silver: Following Gold Back to Its 2017 Lows?

Silver has begun to break downwards out of what is probably a bearish triangular consolidation pattern. Momentum is in a bearish trend, but there...

Peter Beuttell

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52-week Range

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