Tag: New York Mercantile Exchange

  • As weather abates will Natural Gas respond?

    ā€”

    by

    in

    I’ve pointed this out several times in recent weeks but a sleeping giant was awoken 9 weeks ago. Natural gas has been on a tear from early November adding $1 move in the futures market from the first week of November until peaking in Mid-December just above $4.50. In the last two weeks February has…

  • Brent/WTI Crude oil Spread

    ā€”

    by

    in

    Buying Brent and selling WTI Crude oil is what will be discussed today. In the September contract this spread is currently trading with Brent carrying a $2.65 premium. Just one week ago we were trading even money in this spread. Every $1 move equates to a $1,000 gain/loss. Iā€™m operating under the influence that we…

  • Commodity Trading Fraught With Peril

    You’d be hard-pressed to find a “hot commodity” lately. With the U.S. housing market giving investors a scare, China’s building boom facing some restraint, Iran apparently less of an immediate threat to oil supplies, and hurricanes failing to howl, commodities have been slipping since early August.