From the Desk of Ian Culley @IanCulley

The Bloomberg commodity index $BCOM is breaking down, approaching fresh 52-week lows.

Somehow Gold and Copper didn’t get the...

From the Desk of Ian Culley @IanCulley

So long, 2022. It’s been real.

With only a few trading hours left in the year, I’m ready to turn the page. I’m sure plenty of you can relate.

In the spirit of looking ahead to a...

From the Desk of Ian Culley @IanCulley

Have you noticed commodities are breaking out?

No, not crude oil or copper. I’m talking about sugar,...

From the Desk of Ian Culley @IanCulley

We all learn how to fall – the sooner, the better.

As adults, we forget this is one of the first skills we learn early in life. For better or worse, my one-year-old reminds me daily.

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...