The Week In Commodities…
US Dollar Index: -0.39%
Natural Gas: -4.09%
Crude Oil (WTI): 0.85%
Nat Gas started the week with a huge drop and continued downward until it reversed pretty strongly around noon on Wednesday. The storage report was slightly A bull market is a market in which prices are RISING (encourages buying)..., but not overwhelmingly positive. Could have been short-covering, but this is the volatile season for this one. Investors were optimistic on trade-deal progress, so Crude had an OK week. It doesn’t seem to want to go too high or too low. Good movement for deep-out-of-the-money spread strangles.
After being super-negative the week before, Gold and Silver were slightly up, but the move didn’t go too far since the fear is off the table for now.
The grains were negative on the week again. Hard to tell where these are going, as they are certainly sucseptible to the trade-war narrative. Wouldn’t be surprised, though, to see them continue their longer-term upward trend through December.
So, overall, lots of seasonal stuff going on here… NG volatility and Grains trending upward into the new year. Premium selling opportunities should come soon, but be patient.
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Thoughts on this week’s movements in commodities.
Heidler’s weekly take on the moves in Equity is a stock or any other security representing an ownership interest. This may be in a private company (not publicly traded), in which case it is called private equity.....
The Heidler’s take on the week that was in Equities.