Crude oil price rallied to a 7-week high at 73.84 Monday as driven by strong equity market and weak USD. While market sentiment once again pushed oil closer to the key resistance…
Category: Commodity Markets
Dow Jones Commodity Index Fund Trading Opportunity
Dow Jones Commodity Index Fund – This index tracks the entire commodity market as a whole. Over the past two years we have seen commodities drop in value substantially. The good news…
Commodities Edge Higher on a Quiet Day
Crude oil rises to 72.15 in Asia Monday. However, trading volume is thin as Japan, US and Canada markets are closed on holidays today. Last Friday, Dow Jones Industrial Average climbed +4%…
Weekly Fundamental Outlook for Energies and Metals – Industry Experts Raised Demand Outlook on Oil
After the RBA’s rate hike at the October meeting, biggest topic in the market has been ‘who’s the next central bank in the developed world to tighten monetary policy?’. While analysts have…
Commodities Strengthen as USD Slides
Crude oil price hovers around 70 in European morning as weakness in USD boosts demand for commodities. Stock markets continue to advance after RBA’s rate hike Tuesday as this signaled economic recovery….
RBA’s Tightening Boosts Sentiment. Investors Seek Risks Again
Commodities rally in European morning as RBA’s surprising rate hike suggested global economic recovery is on the way. WTI crude oil price surges to 71.15 while gold price rallies to as high…
Commodities Strengthen as USD is Prone to Head Lower
After weak trading earlier in the day, WTI crude oil rebounded strongly after release of better-than-expected US ISM non-manufacturing index. The front-month contract climbed +0.66% to settle at 70.41 with the intra-day…
Crude Remains Under Pressure as Recovery Worries Linger
Crude oil trades below 70 in Asia Monday as Friday’s employment data fueled concerns on economic recovery. Weakness in stock market despite renewed decline in USD suggests investors are refraining from taking…
Weekly Fundamental Outlook for Energies and Metals – Commodities Consolidate as Economic Outlook is Mixed
Most of the commodities gyrated within their recent trading range last week as the broad market outlook remained mixed. After a sharp fall to the lower end of the range in the…
Commodity Prices Retreat As Disappointing Eco Data Sent USD Higher
Although crude oil added +0.3% to settle at 70.82 Thursday, trading momentum was weakened as the US reported a series of disappointing data. Investors worried that economic recovery might not come as…