Crude continues to fall. Some pretty important support at the $59 level:

WTI Crude Oil Trading

Gold (CME futures) has been in about a $10 trading range since opening up this week. With most of the world on a holiday I don't expect much. But we do have some pretty important US data coming out in about at hour. Even though it looks like some ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'm not expecting much liquidity today as most of the world is on a holiday. But remember US markets are open and things seem to getting a little volatile across asset classes. Probably temporary. I expect crude to stay in this relatively tight ...

WTI Crude Oil Trading

Market isn't liking the talk of output hikes. Heavy selling in WTI:

WTI Crude Oil Trading

Gold futures back above the 1700 handle.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

After the price action in the last hour, I think the inventory data could move WTI in either direction. Crazy reversal. We'll see!

WTI Crude Oil Trading

Starting in the European session WTI began to sell off. Look out, we have Crude Oil Inventories in about an hour. The market will be more likely to sell WTI on a larger than expected build/smaller than expected draw. Forecasts are all over the place ...

WTI Crude Oil Trading

OPEC+ panel is revising down oil-demand estimates: Delegates - This could change the outlook for the OPEC meeting. A surprise from the Saudis in either committing to extended cuts for a longer period of time or something else along those lines is ...

WTI Crude Oil Trading

Everybody thought that ship was going to be stuck until later this week.

WTI Crude Oil Trading

OPEC is widely expected to keep production the same but what we need to listen out for is when they think they'll need to change it. They may say nothing at all and that would make this meeting a dud. I think OPEC likes where prices are at right ...

WTI Crude Oil Trading

Big deviation from forecast on Nat Gas Storage data! image image

Nat Gas anyone?

Forgot to mention this yesterday. This was definitely part of what was driving up oil prices yesterday, along with what I mentioned here. But now it's a new day and time for another roller coaster ride on the WTI train.

WTI Crude Oil Trading

Next week is the OPEC+ meeting on Thursday. It looks like Saudi Arabia will continue to be the swing producer and keep production as is no matter what Russia or anybody else does. That's positive for oil prices. It could be what we are seeing being ...

WTI Crude Oil Trading

Yup. Trading crude is the easiest way to blow up an account. I wouldn't call this a dead cat bounce. The positive vaccine news out of Europe along with OPEC+ news that they'll keep production the same at the April meeting has been the two major ...

WTI Crude Oil Trading

Hearing a lot of profit taking has recently occurred in copper. It's been stalled the past couple of weeks but on very heavy volume. Although it's due for a correction, it's tough to justify taking a short position. Below is the CME HG continuous ...

Copper for everyone

Probably shouldn't lose sight of the bigger picture though. Although it's been strong there's a lot of room lower for a correction even if the upward trend ultimately holds.

WTI Crude Oil Trading

Heavy selling coming into Crude futures. It was due. Biggest intraday drop since December. Down around 5%.

WTI Crude Oil Trading

Markets are probably going to move quite a bit. Wrote a little preview here: url

Yieldjunkie's Short-term Sentiment: Indices, Macro Risk Env

What I'm taking away is that the Fed is going to extend it. They don't like to stir the pot too much. I got the 700B number here:

Yieldjunkie's Short-term Sentiment: Indices, Macro Risk Env