Stay Informed and Stay Ahead: Research Report/ Commodities, January 23rd, 2025 Mastering Oil Markets Oil prices in 2025 are shaped by a mix of structural and geopolitical forces, offering both challenges and opportunities for investors and traders. This analysis examines these critical drivers, providing actionable insights grounded in data rather than speculation. Drawing on perspectives … Read more
Stay Informed and Stay Ahead: Market Watch, July 22nd, 2024 Commodities Summary of Weekly Petroleum Data for the Week Ending July 12, 2024 The weekly petroleum data offers insights into the U.S. energy market dynamics, essential for understanding broader economic trends. Key Takeaways: Refinery Capacity Utilization: Operating at 93.7% indicates strong demand for refined products, … Read more
TECHNICAL ANALYSIS from Intraday Dynamics Spot Soybeans Monthly Continuation Soybeans have started the year with a sharp selloff that has carried spot prices to the lowest level since November of 2021. For this analysis, we will be primarily focused on the May24 soybeans, SK4. The monthly chart is drifting into oversold conditions. The same can … Read more
TECHNICAL ANALYSIS Spot soybeans have been in an up channel since setting lows in critical timing in early October. The daily spot chart has been flashing a preliminary bearish divergence with the past two weeks’ highs at 1492.25 and open-interest has been creeping slightly higher during this period. Nearby JAN soybeans (SF23) have been in … Read more
Crude oil futures (CLZ22) closed sharply lower on Thursday to set the lowest daily close since late September. The daily is starting to reach slightly oversold conditions and, at first glance, a case could be made for an inverted head and shoulders pattern. That analysis is quite a stretch realistically. The weekly chart is forming … Read more
TECHNICAL ANALYSIS November soybeans (SX22) took a dive late last week to carry the contract to the lowest levels since early August. As the now lead contract on the weekly continuation, SX22 has taken spot prices to the lowest levels since mid-January of this year. The sharp breakdown on the weekly spot chart is opening … Read more
TECHNICAL ANALYSIS Crude oil futures (CLZ22) closed lower on Friday the 30th, ending the month of September down $10.06 a decline of 11.24%. The DEC futures pulled up short of same targets in the 7276/7212 area before getting a bounce back above $80 mid-week before settlings just below that level Friday. On the weekly, the … Read more
Crude oil futures (Z22) closed fractionally higher on Friday and settled week down just under $2 for the nearby futures. The near-term technicals are neutral while the intermediate-term still lean toward a bearish posture. December futures are flagging to the side of the most recent test of intermediate-term support against the 8173/7884 area. As outlined … Read more
TECHNICAL ANALYSIS Crude oil futures (DEC22) spiked higher today on the heels of Thursday’s bullish reversal and the daily now looks like a potential bear trap as Wednesday/Thursday’s trade took out both the August and July lows and carried DEC22 futures to the March lows. DEC22 Crude Oil Daily DEC22 futures have dipped into an … Read more
TECHNICAL ANALYSIS New crop November soybeans are trading to the lowest level in a month on the daily chart as that chart continues to build a large flagging pattern to the right of the highs set in June at 1584.75. The daily oscillators and volume and open interest are all solidly neutral for the market … Read more