Commodities Recap For The Week Of May 29, 2020

Commodities Recap For The Week Of May 29, 2020

 Stocks push higher
 Silver rallies to the $18.50 level, gold was steady, and PGMs decline
 Crude oil higher, products lag, and natural gas falls as June rolls to July
 Grains and cocoa move to the upside, soft commodities fall led by coffee on the downside
 The dollar index falls below short-term support, Bitcoin and digital currencies post gains

The Hecht Commodity Report As Of The Close of Markets- May 27, 2020

The Hecht Commodity Report As Of The Close of Markets- May 27, 2020

• The stock market was mostly higher as optimism over the reopening of the US economy continued to support share prices
• Precious metals were down across the board, except for rhodium which edged higher
• Energy commodities move lower, except for ethanol
• Industrial metals mixed and stable since last week- The Baltic Dry Index recovers in a sign of business activity- A buy recommendation in the PICK ETF
• Grains and soft commodities were stable to lower since May 20

Commodities Recap For The Week Of May 22, 2020

Commodities Recap For The Week Of May 22, 2020

 The stock market continues to recover
 Gold edges lower, but silver and PGM prices rally
 Crude oil continues to climb- Gasoline underperforms while heating oil outperforms the raw energy commodity- Natural gas recovers
 Wheat moves higher, but corn and soybeans post losses- Soft commodities turn in a mixed performance
 Bitcoin remains below the $10,000 level

Commodities Recap For The Week Of May 15, 2020

Commodities Recap For The Week Of May 15, 2020

 Stocks back off during the week
 Precious metals rally across the board, silver continues to lead the way
 Crude oil moves towards $30 per barrel on better fundamentals- Products lag and natural gas and ethanol prices decline
 Grains lower in post-WASDE trading
 Digital currencies retreat after Bitcoin rejects the $10,000 level

The Hecht Commodity Report As Of The Close of Markets- May 13, 2020

The Hecht Commodity Report As Of The Close of Markets- May 13, 2020

• The President pushes for negative interest rates, but the Fed pushes back
• Precious metals stable with gains across the board
• The energy sector slips lower with losses in Brent, oil products, crack spreads, natural gas, and coal. WTI posts a gain
• Gains weak in post-WASDE trading
• Stability in copper and base metals, the Baltic Dry Index declines by 24.7% in a sign of global economic weakness

Commodities Recap For The Week Of May 8, 2020

Commodities Recap For The Week Of May 8, 2020

 Stocks rally in a continuation of the worst economic data of our lifetime
 Silver leads the way on the upside in precious metals
 Crude oil continues to post gains- New short-term highs in natural gas and then a correction
 Grains were quiet as they await the May 12 WASDE report
 Paul Tudor Jones lights a bullish fuse under Bitcoin and digital currencies

Commodities Recap For The Week Of May 1, 2020

Commodities Recap For The Week Of May 1, 2020

 Volatility in stocks- Economic data remains problematic
 Precious metals move mostly lower
 Crude oil makes a significant comeback as the energy commodity and products post gains
 Sugar and lean hog prices post double-digit percentage gains with hogs up over 20% on the week
 Digital currencies post gains

Hecht Commodity Report

Category: Hecht Commodity Report

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