Due to worldwide economic worries, the raw commodity sector is in a serious slump.
The present supply-and-demand fundamentals support Nymex crude oil being fairly priced at just above $100 a barrel -- and no higher.
This could be a bad omen for other raw commodities as well as the U.S. stock market.
Gold bulls are fighting a quieter marketplace as the near-term price trends lower.
Emboldened bears are within striking distance of driving crude below $100 a barrel.
From a technical perspective, the longer-term charts show the yellow metal's prices remain in an 11-year-old uptrend.
Rumors concerning releases of global Strategic Petroleum Reserves are keeping a cap on prices.
While it was a positive fundamental development for the raw commodity sector, the bearish camp will benefit from the technical side.
Agriculture futures will likely spike higher on weather scares -- here's how to take advantage of this tendency.
Barring any geopolitical flare-ups, look for the price of crude oil to remain between $95 and $110 in the coming weeks -- or longer.

Jim Wyckoff Tweets

Our Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.