Tag: Commodities

Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.“Demand expectations for 2019 have so far been unrealistic,” said Mark Maclean, managing director at Commodities Trading Corp. in London, which advises on hedging strategies. “China has slowed faster than people expected and the trade war is still having a significant impact, the EU will not be a pocket for demand growth this year and the U.S. is also problematic.”Though the International Energy Agency expects oil consumption to grow by 1.3 million barrels a day this year, Wall Street has been turning more

I talked about gasoline nearly two months ago, where price was near monthly and daily supply, the chart suggested price was going to reverse and layout the groundwork for the trade set-up.

If you missed the trade, here’s what I’m looking for next…if price is going to move lower, it must take out the demand circled in pink, then pull back, before heading lower.

Gasoline Analysis Report 4/13/19 – Are We At The End Of The Bend In The Trend???

Oil prices fell into bear market territory on Wednesday thanks to global tensions and fears about oversupply – but that could spell good

I last wrote about Corn a little over a month ago,

Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom???

Despite China considering a U.S. request to shift some tariffs on key agricultural goods, despite price forming lower highs and lower lows, price was respecting short and longer term up trendlines.

In a record-breaking wet spring, flooding in key farming regions has caused unprecedented delays to planting, causing lower-than-expected inventory levels. In corn, 58% of the intended planting has been done, compared with 90% at this point historically. “Now the market’s in a situation where you’re going to have very low

Last Thursday alone, oil fell 6% and ended the week 7% down, it’s worst weekly lost in 2019.  But one has to keep things in perspective, oil is still up almost 30% year to date.

The combination of a perceived global economic slowdown, higher levels of US oil storage, and rumors of a possible de-escalation of the Iran-US crisis are mitigating the clear and present danger in oil and gas markets When looking at crude oil markets, the situation on the ground is a clearly pro-OPEC. The speculation about a possible end to the OPEC+ production cuts is largely unfounded. US