Sparks flew in the middle of the day, but when all was said and done we finished relatively flat for the day in the oil market.
An Analysis of the EIA Weekly Summary Report regarding the Oil Industry.
We broke out in the copper market today. We look at what resistance levels are in play going forward in the market.
API reported large builds in Cushing, Oil Inventories and Distillates - a rather bearish report overall.
Bernie Sanders has made this issue part of his campaign in order to appeal to redistribution voters, a common liberal ideal in the Democratic Party.
We look at Live Cattle, Feeder Cattle, Lean Hogs, and Class III Milk Futures Markets in this video.
A look at the Cotton, Orange Juice, Coffee, Sugar and Cocoa Futures Markets.
People haven`t stopped eating, and there are more and more people on this planet every year, so the grains are probably a long term buy here over a five year time frame.
A positive week for risk assets, we consolidated recent gains and even finished the week higher in most risk assets.
A lot of oil shorts are focusing on the Cushing inventory builds, but missed the gasoline demand factor.
Oil builds are bearish due to storage concerns, but the gasoline demand numbers are robust, and U.S. Oil production is starting to roll over which is bullish.
No help from OPEC and a Risk Off mode in financial markets...
The CFTC needs to review the role that these firms play in providing market moving data to select market subscribers....
OPEC needs to get serious and start cutting production, U.S. shale Players need to go out of business in a major way....
A choppy day in the oil market with a very tight pit trading range. API will set the tone for Thursday`s EIA Inventory report, API is out tomorrow night after the pit close.