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Dept of Energy says initial purchase for SPR will be 3 million barrels Dept. says it has intent to buy more later in the year but provides no schedule Analysts say crude prices will decide on...
Approximately 12 years ago, I wrote my first public market prognostication and it was focused on gold. At the time, gold was enjoying a parabolic rally, and the discussion amongst the general public...
If WTI regains mojo, it could move towards $75; if not test of $60 support open Gold only needs to stay above $2,000 to keep alive chance of a new record high Fed Chair Powell, a slew of central bank...
Chinese inflation remains weak, raising concerns about the economic rebound Price stagnation and falling prices in China indicate deflation Copper could continue to head lower as demand in China hits...
Market prices absorb all the information that’s out there. Perhaps that’s why several commodity prices surged in the months leading up to the Russian invasion of Ukraine.And since then,...
This week, movements in natural gas futures indicate a sudden increase in uncertainty among traders as they struggle to break above the 200 DMA on the upper end of the one-hour chart, while also...
Natural gas market is seeing a surplus in storage, with inventories 33% above year-ago levels and 20% higher than the five-year average. The projected 74 bcf addition to gas storage would lift...
The world’s favorite precious metal is enjoying a moment in the sun lately. Trading at record highs recently, gold’s allure is back in vogue as various macro risk factors provide a...
Despite several challenges, natural gas futures appear poised to gain momentum, as lower prices could reduce production fears. On Monday, natural gas futures opened with a gap-up and managed to hold...
According to the official rules of Monopoly, the bank can never run out of money.Obviously that’s not always the case in the real world. We’ve already seen three regional banks fail in the...
Wednesday will bring the U.S. CPI report for April, forecast to show sticky inflation Fed chatter on whether there’ll be a June hike or not could bombard markets China data expected to show...
The past 12 years have seen some massive swings in the price of Crude oil. And the latest swing higher into 2022 played a role in higher gas prices and inflationary pressures.So how is the most...
US gas storage 33% above year-ago, 20% higher than the five-year average Stay neutral or short any gas rally, says Citigroup, which sees Q2 price of $2.20 Technical charts, however,...
The movements of gold futures since April 19, 2023, suggest that a breather may be imminent, as gold prices appear poised for a reversal. Gold futures failed to break out above the previous high of...
Major oil companies posted strong first quarter earnings despite lower oil prices It remains unclear whether these earnings can be sustained into the second quarter as oil prices continue to weaken A...