From the Desk of Ian Culley @IanCulley

Not only are commodities losing their leaders, but the leaders are losing their former 2018 highs.

Heating oil...

From the Desk of Ian Culley @IanCulley

Precious metals shine as the dollar drops.

It makes sense...

From the Desk of Ian Culley @IanCulley

In late September, we highlighted the prior-cycle highs for the top commodity contracts.

The question was whether these levels...

From the Desk of Ian Culley @IanCulley

I’ve tried the paleo diet. 

I’ve even gone primal, cutting carbs while increasing fats for long periods of time. 

But I haven’t tried the new all-meat-all-the-time...

From the Desk of Ian Culley @IanCulley

The bulls are dropping the US dollar like it's hot – and risk assets worldwide love it! 

Few areas are enjoying the...

From the Desk of Ian Culley @IanCulley

Metals have been one of the weakest areas of the market this year.

It doesn’t matter if we’re talking about the materials...

From the Desk of Ian Culley @IanCulley

Energy stocks refuse to lose.

We can’t deny the relative strength of the energy space, whether we’re talking...

From the Desk of Ian Culley @IanCulley

It’s easy to lose sight of how impressive energy has been this year. 

We get it. Sideways action is boring.

But while the rest of the market has been selling off,...

From the Desk of Ian Culley @IanCulley

The commodity markets never lack action. 

Since it’s such a diverse asset class, we’ll always have contracts we want to buy, some that we want to short, and others we want to avoid.

...

From the Desk of Ian Culley @IanCulley

I love it when a pattern carries both bullish and bearish implications. It could break out or break down. Either direction works for me.

That’s the beauty of the setup. 

For traders...

From the Desk of Ian Culley @IanCulley

After months of selling pressure, the most widely followed commodity contracts are testing critical ...

From the Desk of Ian Culley @IanCulley

It’s not all doom and gloom out there… 

I know the market’s ugly right now. Risk assets are getting crushed across the board. 

But, believe it or not, greener pastures do exist in...

From the Desk of Ian Culley @IanCulley

The big news in commodities this week is gold breaking down to its lowest level since early 2020.

I recently outlined what a...

From the Desk of Ian Culley @IanCulley

Gold has been a terrible inflation hedge over the trailing 24 months. It’s gone nowhere since the summer of 2020, while every other...

From the Desk of Ian Culley @IanCulley

We’ve been loud about energy lately. And how can we not be?

Energy stocks were the most resilient during the H1 selloff and are by far the best-performing sector off the 2020 lows. Every...

From the Desk of Ian Culley @IanCulley

Back in early July, we were looking to buy a bounce in natural gas. Let's just say it was a success, as our target was hit...

From the Desk of Ian Culley @IanCulley

Markets constantly provide valuable information. But it’s up to us to listen.

Of course, it’s easy to get caught in a narrative or bias surrounding a particular market. It’s part of the...

From the Desk of Ian Culley @IanCulley

It doesn’t matter where you look: Commodities are digging in, finding support, and reclaiming key levels.

Grains, softs, base metals, and energy have all stopped going...

From the Desk of Ian Culley @IanCulley  

Energy futures are beginning to crack under pressure.

Crude oil and gasoline are breaking down to their lowest levels since February. And heating oil isn’t far behind, as it’s challenging...

From the Desk of Ian Culley @IanCulley

The past two years of sideways chop on the gold chart has been a game of perseverance and pain. 

Gold is a honey badger, attacking a beehive face-first, digging for larvae, and somehow...

From the desk of Ian Culley @IanCulley

Commodities have been on the ropes for more than a month. As for commodity stocks, they’ve been under pressure since...

From the desk of Ian Culley @IanCulley

Sellers are in the driver's seat when it comes to commodities these days.

Besides natural gas and...

From the desk of Ian Culley @IanCulley  

Don’t let the numbers fool you.

Despite positive returns at the index level for Q2, commodities have been in full retreat for the past month or more. We broke the damage down in...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

So far, 2022 has been a historic year. That theme intensified during the second quarter, which is now in the books.

The bond market is working on one of its worst...