First major oil group to cut ties with American Petroleum Institute spotlights US-Europe rift [Read More...]
Gold, Silver Plunge on Soaring Dollar, Lower-Than-Expect Producer Prices
Gold futures are cratering to finish the trading week, driven by an accelerating rally in the US dollar. The precious metal’s plunge was exacerbated by producer prices rising less than expected. But gold prices may have limited their losses after the Federal Reserve revealed that it would not be exiting from its accommodative monetary policy strategy anytime soon. February gold futures plummeted $23.60, or 1.27%, to $1,827.80 per ounce at 15:39 GMT on Friday on the COMEX division of the New York Mercantile Exchange. Gold is on track for a weekly drop of about 1.4%, adding to its early 2021 slide of 4%. Silver, the sister commodity to gold, fell below $25 on Friday. March silver futures crashed $0.952, or 3.69%, to $24.85 an ounce. The white metal … [Read More...]
LNG rally heralds more volatile gas prices to come
Spike in demand from Asia triggers scramble for supplies [Read More...]
Video: Bitcoin Price Prediction for January 2021 – 20% Drop a Buying Opportunity?
In the present video, David Jones from Capital.com provides his forecast for bitcoin in January 2021, trying to answer the question: can bitcoin recover after the recent slump? He starts the video by discussing the recent moves of the cryptocurrency, news that was affecting it, and what fundamental factors will be affecting bitcoin going forward. Next, David lists the major support and resistance levels. He then turns to technical analysis, discussing charts and technical indicators and trying to guess where prices will go next. In the end, David remains a bull but prefers to wait for buyers to return to the market before making any move. If you found this video useful and want to see more videos like this one or if you want to see … [Read More...]
Bullish Turn for Banks, Gold; NDX to Cash
Three signals take effect on this week’s open of trading based on the latest Commitments of Traders data:- bullish for the BKX U.S. Bank Index and gold- cash for the Nasdaq-100 indexVery sorry for my late update this week! See my latest signals table for more details on trader positioning as reported in the free weekly COT reports from the CFTC.Good luck this week. [Read More...]
Oil and gas contracts should drive climate gains
Emissions abatement must become standard component for new gasfields development [Read More...]
How Mexico’s Pemex went from cash cow to financial drain
Plus: API lays down battle lines against Biden, McKinsey’s gloomy climate outlook and fossil fuels coming rebound [Read More...]
Natural Gas Slumps Despite Bigger-Than-Expected Supply Drawdown, Polar Vortex
Natural gas futures slumped on Thursday, despite a bigger-than-expected supply drawdown and the coming polar vortex that is expected to blanket North America in frigid temperatures. Although prices dropped more than 1% toward the end of the trading week, market analysts are still optimistic about natural gas due to a myriad of bullish factors. February natural gas futures tumbled $0.036, or 1.34%, to $2.653 per million British thermal units (btu) at 16:10 GMT on Thursday on the New York Mercantile Exchange. Natural gas is trading flat for the week, but it has been on a tear during the first two weeks of the calendar year, surging nearly 5%. According to the US Energy Information Administration (EIA), domestic inventories of natural gas fell by 134 billion cubic feet … [Read More...]
Smart Money Bullish on SPX Amid Quiet COT Data
No new signals from the latest Commitments of Traders report Friday afternoon. Traders are relatively quiet, according to the CFTC’s free weekly COT data.Minor development: “Smart money” S&P 500 commercial hedgers have been building their net futures and options positioning as a portion of total open interest.They’re now 1.7 standard deviations above the moving average of recent data. That signal has been bullish since June 16.See my latest signals table for more details on how traders are positioned in the 10 markets I trade using the COT reports. Good luck this week. ? ???? ????????????, ???????. [Read More...]
Hydrogen project aims to drive UK transition to a low-carbon economy
Essar plans to supply industry and homes in north-west England after £750m investment in two plants [Read More...]
One-time king of steel Lakshmi Mittal hunts for growth in emerging markets
Tycoon to expand in developing economies as his metals group emerges from pandemic in leaner shape [Read More...]
Soybeans Pause Rally After USDA’s Bullish WASDE Report
Soybean futures took a breather midweek after the US government released its first supply and demand report of 2021. The crop’s prices have extended their gains from 2020, rising close to 8% in the first two weeks of the year. But as prices trade at their best levels in 2021, how much higher can soybean go over the next 12 months? March soybean futures tumbled $0.0875, or 0.62%, to $14.095 per bushel at 14:16 GMT on Wednesday on the Chicago Board of Trade (CBoT). Soybean prices have risen to their highest point since February 2014, enjoying a thunderous 52% rally over the last 12 months. On Tuesday, the US Department of Agriculture (USDA) released its first World Agriculture Supply and Demand (WASDE) report of 2021. According to the USDA, soybean production is forecast to … [Read More...]
Nasdaq-100 Bearish, Cash for Gold, Crude Oil
Three signals take effect on this morning’s open of trading based on the latest Commitments of Traders data:- bearish for the Nasdaq-100- cash for gold and crude oilAll other signals remain the same as last week. See my latest signals table for the details.Good luck this week. [Read More...]
Should investors prepare for higher inflation in the US?
Market Questions is the FT’s guide to the week ahead [Read More...]
UK Oil & Gas wins dispute with climate activist
Group faced claims that indirect emissions from a Surrey oilfield had not been properly assessed [Read More...]
Video: Gold in Middle of Week of January 11-15, 2021
In the present video, Phil Carr from The Gold and Silver Club talks about gold in the middle of the week of January 11–15, 2021. He starts the video by discussing the recent price moves, the reasons behind them, and how traders could have reacted to them. Phil then talks about the current behavior of gold and what traders can do going forward. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector for Commodity Blog, 2021. | Permalink | No comment | Add to del.icio.us Post tags: Feed enhanced by Better Feed from Ozh [Read More...]
Bullion Bullish, Banks to Cash: COT Data
Just two new signals taking effect on this week’s open of trading based on the latest Commitments of Traders data:- cash for the BKX U.S. Bank Index- bullish for goldSee my latest signals table for more details on how traders are positioning trillions of dollars in 200-plus markets according to the free weekly COT reports issued by the U.S. Commodity Futures Trading Commission.Good luck this week. [Read More...]
US coalminers’ Asia ‘pipe dream’ evaporates
Collapse of west coast port project deals blow to hopes of an export-driven recovery [Read More...]
Hydrogen project set to drive UK transition to a low-carbon economy
Essar plans to supply industry and homes in north-west England after £750m investment in two plants [Read More...]
Glassnode: Bitcoin Whales Bought Monday’s Price Dip
After trading above $38,100, Bitcoin (BTC) suffered heavy losses on January 11. As a result, the price of Bitcoin plummeted to $31,244 on Bitstamp. However, the drop in prices quickly attracted buyers. Today, January 12, Bitcoin has managed to recover a little after yesterday’s fall. At around 20:11 GMT, Bitcoin is trading in the region of $34,300. Bitcoin whales kept accumulating amid the recent drop According to data from Glassnode, Bitcoin whales did not panic during Monday’s BTC price drop but accumulated the cryptocurrency. The number of addresses holding more than 1,000 bitcoins rose to a new record of 2,140 as the cryptocurrency nosedived from $38,250 to $31,244. The volume of exchange trades on Monday exceeded the peak levels of 2017. Source: Glassnode In this situation, the increased number of Bitcoin … [Read More...]
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