The Week In Commodities…
US Dollar Index: 0.7%
Natural Gas: -1.87%
Crude Oil (WTI): 5.46%
Nat Gas took a big tumble Monday and spent the rest of the week slowly gaining back the loss, though it didn’t get it all back. Crude was a huge winner this week due to tighter inventory and possible production cuts from OPEC. Gold was fairly steady, still showing opportunity for premium on both the call side and put side. Silver, after a week of flat returns, perked up with a solid gain. On the Wheat front…following up a rather large rally the week before, the grain gave up some price movement, falling 2.7%.
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The Heidler talks commodities for the week that was.
The Heidler’s take on the week in equities focuses on the bullish S&P, crude oil, SPDR, healthcare, and consumer staples. Think he missed something? Add your thoughts in the comments.
In this week in commodities, The Heidler offers his commentary on Natural Gas, Gold, the Fed, and Soybeans specifically. And hey, if you see things a bit differently, leave him a comment.