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What could slow or stop the bear onslaught in oil?It’s a question crude traders are likely to be asking earnestly as the market dips on China COVID headlines and as oil prices slump again at the...
The long-awaited oil sanctions and price cap on Russian oil are slated to go into effect in just a few weeks, on Dec. 5. The sanctions apply to G7 countries (Canada, France, Germany, Italy, Japan, the...
Near-term cold blast vs. forecasts for warmth test gas traders' mettle Record dry gas output, lack of update on Freeport LNG’s return Charts indicate $7.27 high to $4.74 low broader term When...
Most of the commodities complex came under pressure yesterday. Although nickel was one of the exceptions, hitting its daily limit of 15% after reports of a blast at a nickel pig iron plant in...
Nickel up more than 30% for November Other industrial metals in the negative for the year Nickel has broken above $30,000/tonne but could face resistance at $32,900 China’s apparent easing of...
Precious metal prices—gold, silver—and related miners have been bearish for quite some time now. It looks like that is starting to change.When I look at the charts for gold and silver, I...
US consumer prices at 9-month lows, suggesting smaller rate hike in December Contagion in crypto could be another boon for gold After gold tests $1,771, the next leg higher sits at...
Silver is hovering near 5-month highs on US dollar weakness as the white metal is negatively correlated to the greenback.The dollar is under pressure as polls widely predicted a decisive Republican...
If weather models confirm warming, gas prices could remain under $6 per mmBtu If Arctic cold breaks out, then Henry Hub could retest last week’s $7.20 highs Gas storage hanging close to the...
Energy - Lower US Oil Supply Growth Oil prices came under further pressure yesterday, with ICE) Brent settling more than 2.6% lower as COVID cases in China rise, while the government recently made...
The bulk of the complex came under pressure yesterday after Chinese health officials reaffirmed their zero-Covid policy. Meanwhile, milder than usual weather in Europe is set to continue for at least...
Technicals indicate a run toward $21 in first leg and $24 in second leg Weakness below $19.40 could trigger drop to $18.45 Silver an inflection point over potential to China’s COVID-Zero After...
CPI reading due in China on Tuesday, in the US on Thursday China reiterates commitment to COVID-zero approach US CPI could give timeline on Fed rate pivot Weak number could signal recession From the...
The oil market managed to settle higher yesterday despite a 75bp hike from the US Fed and comments suggesting that rates will peak at a higher level than previously expected. That said, they also...
Four straight days of double-digit gyrations on Henry Hub’s front month All eyes on Freeport LNG’s planned reopen US and Europe’s weather models giving muddle outlooks Giddy-up! The...