Will the Recovery Hold?
In June 2014, active month NYMEX crude oil was trading north of $107 per barrel. The price moved to lows of $42.03 by the middle of March 2015 - a decline of around… more
Commodities
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
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
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
Today's Lows are Tomorrow's Highs
Copper fell 15.78% on COMEX and 14.59% on the London Metal Exchange in 2014. Copper has been making lower highs and lower lows since July 2014. The copper… more
The dollar is still the world's reserve currency and there is an inverse relationship between the greenback and commodity prices.
The Dollar and Commodities
In 2014, the dollar was a… more