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By Phil Flynn |
April 23, 2013
Oil prices fell as the flash HSBC Purchasing Managers' Index for April fell to 50.5 in April from 51.6 the month before as new export orders shrank in China. The long-term natural gas story is getting out.
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By Phil Flynn |
April 22, 2013
The natural gas market has been the best performing commodity of the year. We called a major low in January and we are continuing to ride and roll over that position.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Mark Shenk, Bloomberg |
April 18, 2013
West Texas Intermediate crude rose from a four-month low on signals that recent losses were exaggerated and as Spain sold more debt than planned.
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By Anthony Lazzara |
April 18, 2013
Corn futures are down $0.15 today to $6.45. The key level for this market is $6.60. We believe that corn is headed lower to $6, based off big recent supply data coupled with a potential correction in risk-on assets going into the summer.
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By Steve Walsh, Bloomberg |
April 18, 2013
The Senate Energy and Natural Resources Committee approved the nomination of Ernest Moniz as secretary of the Energy Department, setting up a confirmation vote by the full Senate.
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By Anthony Lazzara |
April 17, 2013
A disappointing earnings report from Bank of America is a main catalyst for the U.S. stock market sell off today.
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By Phil Flynn |
April 17, 2013
Oil Prices look like they found support around $86.00 as I expected. After the massive sell-off because of the fears of a global slowdown and massive U.S. supply, oil could start rebounding on the more mundane seasonal and refinery factors.
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By Alex Kowalski, Bloomberg |
April 16, 2013
New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth.
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By Phil Flynn |
April 15, 2013
China's GDP came in at 7.7% below the 8.0% that was expected. This caused a commodity route and markets that were already wobbly tanked after the report.
