Commodity Traders Weekly Outlook: Lumber Rebound and Natural Gas Slide Continues

Trends continued to play out this week, partially short squeeze induced, partly resurgent speculation with a significant loosening of financial conditions continues to feed the reversal in risk. The VIX fell another 3% Friday to the lowest since last January. One commodity not benefiting is natural gas futures, down another 7% or 10% depending on what month you are unfortunate to be long in. Notably the rest of the energy complex was down this week also. Copper had been a … Continue reading “Commodity Traders Weekly Outlook: Lumber Rebound and Natural Gas Slide Continues”

Commodity Traders Weekly Outlook: Heating Oil Soars, Natural Gas Falls (Reprise)

This week we saw a complete reversal in risk, from the VIX melting a softer US CPI report last week it was the top performer this week as indices floundered, though correcting much of that Friday with options expiration. Like a scratched record, natural gas futures were down again, losing another 8.34% while it’s energy brethren Gasoline, WTI, Brent Oil and Heating oil were all higher. Copper and gold continued higher but at a lesser pace. Copper had been a … Continue reading “Commodity Traders Weekly Outlook: Heating Oil Soars, Natural Gas Falls (Reprise)”

Commodity Traders Weekly Outlook: Copper Leads Risk on in Commodities as VIX Deflates

Commodities in the second trading week of the year were led by a meltdown of the VIX around a softer US CPI report and many in the throes of a major short squeeze. The US dollar throw kindling on much of that. One thing didn’t change, natural gas futures were down again, losing another 6% while it’s energy brethren Gasoline, WTI, Brent Oil and Heating oil were all higher. Copper accelerated it’s break higher, surging 7.8% (up 11% YTD).  Copper … Continue reading “Commodity Traders Weekly Outlook: Copper Leads Risk on in Commodities as VIX Deflates”

Commodity Traders Weekly Outlook: Energy and Grain Futures Sell off in New Year

Commodities in the first trading week of the year saw a lot of continued trends, namely natural gas futures got wrecked again, losing another 16% after losing 11% for the week, and down 33% for December. Gasoline, WTI, Brent Oil and Heating oil were all lower. Wheat, Corn, Wheat and Oats all dropped between 6 and 2%. for the week. The common denominator with natural gas was milder weather. Copper, gold and cotton were the best performer for the week. … Continue reading “Commodity Traders Weekly Outlook: Energy and Grain Futures Sell off in New Year”

Commodity Traders Weekly Outlook: Platinum Surges as Natural Gas Slumps Again

Commodities in the last trading week of the year saw a big bounce in Platinum and Palladium recovering from a when prices collapsed on Chinese economic data combined with the explosive COVID infection wave being a serious threat to Chinese auto consumption and as such a threat for auto catalyst inputs like palladium. We saw a mixed result in energy markets. Gasoline, WTI, Brent Oil and Heating oil all higher. Whilst Natural gas sold off hard again, down another 11% … Continue reading “Commodity Traders Weekly Outlook: Platinum Surges as Natural Gas Slumps Again”