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Originally published by AxiTraderQUICK SUMMARYOil back off the resistance I’ve been talking about again overnight. WTI is at $69.33, down 0.7% and Brent is at $77.87, down 0.4%.BIGGER...
Despite today’s hefty jump in the price of oil—at time of writing the commodity has once again pushed past the $70 mark and is up 1.34%—momentum suggests bulls still have a long slog...
The United States exported about $35 million worth of corn to Mexico in 1993, the year before the North American Free Trade Agreement (NAFTA) went into force. Twenty-three years later, long after...
US disinclination to strike a trade deal with Canada and China will keep commodity market sentiment in check this week, although recent highs in prices of energy to palladium, cocoa, wheat and live...
Originally published by AxiTraderQUICK SUMMARYCrude pulled back a bit with WTI pushing off resistance to fall to $69.80 while the Brent price sits at $77.64. Keep an eye on Libya though folks -the...
The biggest stockpile buildup in two months has hit US natural gas and prices aren’t tumbling. This proves two things: market bulls have dug in for a long, hard fight, betting that inventories...
Though economic and political events continue to drive oil prices as well as energy market volatility, seasonality can provide an additional catalyst. As we head into September, here are three things...
Markets, commodities included, hate the element of surprise. And few things have caught commodity markets off-guard this year like the on-again, off-again talk of plans by the world's third largest...
Originally published by BetaSharesWith solid global demand and ongoing supply side disruptions, oil prices could well remain reasonably firm over the coming year. If so, there may be investment...
Prices of agricultural commodities—from hogs to cattle to corn—jumped on yesterday's US trade agreement with Mexico that aims to rewrite NAFTA, but US commodity markets as a whole will...
Gold has been on the back foot lately. Since hitting a yearly high of $1,365.40 on April 11, the price of the precious metal has slipped nearly 11%. The market narrative explaining the sluggish price...
Originally published by AxiTraderQUICK SUMMARYThe weaker US dollar helped commodities in general rally over the past 24 hours and that means oil is higher again. WTI took out resistance and is up 0.3%...
The potential elimination of rate hike guarantees into December, signaled by Federal Reserve Chairman Jerome Powell on Friday, could lead to more profit-taking in the dollar this week, while giving...
Originally published by AxiTraderQUICK SUMMARY On commodity markets the rally in oil continued. A bit of that was the US dollar but the technical break and news a big Chinese buyer will be back for US...
It’s building up to be one of most suspenseful commodity markets with an outcome none can quite predict as yet. US natural gas prices are at an inflection point, with summer cooling demand...