Hotline Blog

Commodities Recap For The Week Of December 13, 2019

Commodities Recap For The Week Of December 13, 2019

 “Phase One” trade deal is bullish for commodities
 The dollar index moves lower on the back of the UK election
 Most commodities rally over the past week
 Natural gas is an exception as the price falls
 Coffee puts in a bearish reversal after reaching $1.40 per pound on Friday

Commodities Recap For The Week Of December 6, 2019

Commodities Recap For The Week Of December 6, 2019

 OPEC cuts production- NYMEX futures move towards $60 while natural gas remains under pressure
 Gold and silver fall with silver underperforming the yellow metal, while PGMs remain strong
 Soybeans a touch higher, but losses in corn and wheat as the market awaits the December 10 WASDE report from the USDA
 Coffee and sugar rally
 Friday’s employment report sends stocks higher- Digital currencies remain under pressure

Commodities Recap For The Week Of November 29, 2019

Commodities Recap For The Week Of November 29, 2019

 Crude oil and natural gas prices tank
 Palladium rises to a new record high- Not much action in the other precious metals
 Agricultural commodities move mostly higher
 Bitcoin recovers
 New highs in the stock market, but some selling hits the market on Friday

Commodities Recap For The Week Of November 8, 2019

Commodities Recap For The Week Of November 8, 2019

 Trade dominates the market action- The US dollar index rallies
 Precious metals correct lower across the board
 Copper and crude oil rise
 Natural gas moves higher on cold weather and a lower-than-expected inventory injection
 Not much price action after the November WASDE report