Over the past three weeks, May crude oil has been trading within a 4714-to-5407 balance range. However, over the past five days, the daily ranges have been gradually shrinking, essentially getting… more
Commentary
Soybean and corn prices have certainly turned around over the past few years. After reaching highs during the aftermath of the 2012 drought, prices have gone south. In 2012, corn traded to highs… more
The rally in the US Dollar that commenced in May 2014 continued to gain steam throughout much of the first quarter of 2015. The reserve currency of the world has an inverse relationship with… more
During the last few weeks, the April/May RBOB calendar spread has formed a rotational range of -78 to +99. However, over the past seven trading days, the trading range has shrunk to 0 to +55. A 55… more
The price of active month NYMEX crude oil is what everyone is focusing on these days, but that price is only a view from thirty thousand feet of what is actually going on in the global oil patch.… more
The bull market in the dollar continues to power forward. The US dollar index was up 11.97% in 2014. So far this year the greenback is up another 5.16%. The dollar is one of the strongest markets… more
Over the past three weeks, April crude oil found a rotational balance range of 4867-to-5505, traveling from the bottom to the top and back to the bottom of that range a few times. However, three… more
For eight straight trading days, March natural gas has been contained within a 2665-to-2896 rotational balance range. On Friday, February 20, 2015, the market gapped open higher, above the 2896… more
Commodity prices continue to be in a bear market. Industrial raw material prices have plunged over recent months. The price of crude oil halved since June. Iron ore prices have plummeted, and… more
In my January 13 article, A Look at the Copper Market, I wrote, "...the support level at $2.72 may become more and more distant in the market's rearview mirror." Since the day I made that… more