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Daily Futures Commentary COMMODITIES March 16, 2009
Monday, March 16, 2009
ENERGIES
May Crude Oil is expected to feel selling pressure today as over the weekend OPEC voted to leave current production cuts intact. OPEC officials fear that a production cut at this time could be detrimental to the world economy as it attempts to rally out of the current recession.
With compliance at roughly 80%, OPEC feels confident that its current production cuts are enough to keep prices stable between $35 and $50.
Traders should continue to monitor economic conditions in the U.S. and China as a demand gauge. OPEC can only control supply; the global…
16Mar2009 | Brewer Investment Group | 0 comments | ContinuedGold Futures’ Dirty Secret (Part 1)
Cash markets and futures markets carry both similarities and differences. For example, both markets are a form of price discovery. Also, both markets are used by commercials and speculators alike. Given that, their differences are much more pronounced.
In a cash market, the physical product changes hands immediately. Both buyer and seller are looking for delivery of the commodity. This only happens in futures markets if you are left with an open position when the futures contract expires. In most cases, futures deliveries are intentional. If a market is more illiquid, unintentional deliveries are more common.
What I’m essentially getting at is…
2Sep2008 | Oxbury Research | Comments Off | ContinuedCommodities Corner: No Rest For The Wicked…Or Gas, Corn and Silver
Welcome to another installment of our bi-weekly round-up of what’s been happening in the world of commodities. Once again, there’s been no shortage of wild action, so let’s get right to it.
Oil Resting For The Moment
The energy markets took a much-needed breather and retracement over the last few sessions. Since the oil market was reaching unsustainable heights, this was bound to happen, and it did.
Whether it continues to regain its lost ground and make newer all-time highs is yet to be seen, but it is still driving all the other commodities markets at this time.
Crude oil topped out at $147.27 /barrel…
22Jul2008 | Smart Profits Report | Comments Off | Continued
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