Currently viewing the tag: "Energies"

The Windy City Trader 01/18/17

On January 18, 2017 - 10:27 AM By

Metals: Gold and silver pushed to their almost exact resistance points as the Fed is backtracking on the timing of interest rate hikes. Copper pushed to the top of its range but I would wait for lower action there to buy. Gold; The Fed will raise rates again, but probably not until at least the […]

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Mark Shenk & Grant Smith, Bloomberg. Oil dropped in New York, reversing earlier gains, after the head of the International Energy Agency predicted a rebound in U.S. supply. Futures fell as much as 2.4 percent after IEA Executive Director Fatih Birol said that higher oil prices will trigger a “significant” boost in U.S. shale output as […]

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Hard rains over the weekend flooded Argentina’s key Soybean growing areas and more rains are forecasted on Friday. This propelled the Grain complex in yesterday’s trading session. The market seems to have calmed down in the overnight electronic session waiting for confirmation of strength and further damage the next storm may produce in key Soybean […]

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Giving Up Gains. The Energy Report 01/18/17

On January 18, 2017 - 8:46 AM By

Crude oil prices gave up gains after hitting a three-week high only to succumb to worries about rising shale output and stability in the dollar. Oil retreated as the Energy Information Administration released a report late in yesterday’s session that said U.S. shale output could rise by 41,000 barrels a day in the month of […]

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The Grain complex marched higher with the exception of the Kansas City Wheat and the Minneapolis Wheat. This Morning we will have Exports Sales at 10:00 A.M. and NOPA Crush at 11:00 A.M. Hopefully exports will continue the bullish sentiment with plenty of stockpiles to move. In the overnight electronic session the March Corn is […]

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Commodity Crazy. The Energy Report 01/17/17

On January 18, 2017 - 8:30 AM By

Donald Trump advisor Anthony Scaramucci, the founder of SkyBridge Capital, warns of a strong dollar and the dollar drops hot inflation data in the UK has commodities going crazy. Big bullish swings in soybeans, gold and oil and a pop and drop in copper suggests that we could see a big run in many commodity […]

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No Gomer Pyle intended however yesterday’s Grain reports did take a lot of traders and investors looking in the rearview mirror and asking “what did I miss?” The shift in carryover and exports left some traders with their pants down. As bullish of a report it was for Soybeans and Wheat this morning’s action is […]

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Oil prices had a solid rally on evidence of OPEC production cuts and strong China demand. And while there are predictions for more record breaking demand in China, the new year is bringing disturbing Chinese export data and more tightening of capital controls and is rising some concerns about the trajectory of growth in the […]

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US Could Be Energy Independent by 2026

On January 12, 2017 - 12:35 PM By

Emel Akan, Epock Times. The United States could be energy independent for the first time since 1953. Declining energy imports and growing energy exports could make the United States a net energy exporter by 2026, according to a report by the U.S. Energy Information Administration (EIA). “The United States could be completely … energy independent,” EIA […]

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Will today be a Grain trader’s paradise? Starting at 7:30 A.M. we have Export Sales and Initial Jobless Claims. At 9:30 A.M. we have the EIA Gas Storage which should show a draw of 150 bcf. At 11:00 A.M. the Grain complex bonanza with Crop Production, Grain Stocks, USDA Supply/Demand and Winter Wheat Seedings. Tomorrow […]

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$50.00 a Floor. The Energy Report 01/12/17

On January 12, 2017 - 7:58 AM By

Record refining runs at 17.1 million barrels a day and proof of OPEC production cuts drove oil higher even as U.S. oil production jumped 8.9 million barrels a day, the most since April and crude oil and product supplies all spiked higher. The reversal of fortunes in the market after the Energy Information Administration (EIA) […]

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New York (Platts)– Oil futures fell Monday as record-high exports from Iraq’s southern crude terminals and rising US drilling activity sowed doubts over the effectiveness of OPEC’s agreed supply cuts. NYMEX February crude settled $2.03 lower at $51.96/b. ICE March Brent settled down $2.16 at $54.94/b. Iraqi crude exports from southern ports averaged a record […]

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