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 […]
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. I’m operating under the influence that we […]
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. (more…)
