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Workers at the world’s largest copper mine, Escondida in Chile run by BHP, vote this week on whether to strike. But copper prices hardly tell that story, trading not too far from one-year lows...
Originally published by guppytraders.comTraders who went short gold in May are beginning to consider covering their short positions. The collapse of the gold price was a classic trend change. It...
Originally published by AxiTraderQUICK SUMMARYOil is higher as traders worry a little further about what the Saudis are up to and what the Houthi rebels may or may not be able to do to supply lines....
Energy markets, along with precious and industrial metals, will likely see tight trading ranges this week ahead of key rate decisions and US jobs data, while agricultural prices could continue...
Originally published by AxiTraderQUICK SUMMARYSome say it was stocks in the US falling, others that it was the slight miss of US GDP. I don't know but oil was a little lower to end the week Friday....
They were down double digits just a month ago on the combined effects of the strong dollar and demand concerns. Now, soybeans and corn are staging one of the most powerful comebacks in...
Supply and demand issues are back to determining the direction of commodity markets, with geopolitics playing an additional vital role in oil, after Donald Trump’s clash with the Fed over rate...
Originally published by AxiTraderQUICK SUMMARYOil is higher. The narrative for last nights move being that Chinese stimulus and infrastructure spending will boost oil demand as it has in the past. WTI...
Originally published by AxiTraderQUICK SUMMARYBrent and WTI's consolidation continued Friday with the weaker US dollar making the bulls case a little easier than would otherwise have transpired. So we...
Originally published by AxiTraderWelcome to Crude Oil Today, my brief look at what's happening in oil markets and what it might mean for prices. As ever, feedback welcomeQUICK SUMMARYOil was a tale...
Originally published by AxiTraderWelcome to Crude Oil Today, my brief look at what's happening in oil markets and what it might mean for prices. As ever, feedback welcomeQUICK SUMMARYOil was lower...
Gold has just triggered a dual sell signal, after the dollar edged higher for a second day, today, boosted perhaps by Fed Chair Jerome Powell's Congressional testimony yesterday. The global reserve...
Maybe Chinese oil demand projections are more complicated than most media are telling us.China was a key source of demand throughout the oil price downturn. The country’s reported economic data...
Gold is unlikely to reclaim its safe haven status from the dollar anytime soon as a relentlessly hawkish Federal Reserve and rallying US stocks turn up the throttle on the USD's strength, leaving no...
Originally published by AxiTraderWelcome to Crude Oil Today, my brief look at what's happening in oil markets and what it might mean for prices. As ever, feedback welcomeQUICK SUMMARYOil recovered...