The monkey continues to test investor theories and convictions as the markets gyrate setting up for major shifts. Energy markets closed October in a weak posture with WTI failing to close the month above the critical level of $50.00 and US Natural Gas closing below $3.00. While the constant stream of US election drama dominates the US press global turmoil intensifies sending … [Read more...] about Energy Markets End Weak – Bond Market Warns of Higher Rates
LNG Exports Spark Demand
Natural gas is seeing an explosive rally with solid fundamentals while oil markets continue to gyrate based upon geopolitical developments. Natural gas appears to break out closing at $3.05 while oil continues to coil on news of supply resumptions and disruptions in Africa and the Middle East. WTI crude oil has been in a trading range between $40-50/bbl since peaking June 9. … [Read more...] about LNG Exports Spark Demand
Crude Oil Rally Catches the Markets Short
WTI Crude Oil is in the midst of an impressive rally which could propel oil up to $57-60. The $50-51 provides resistance so we could see a temporary pull back yet momentum remains strong. WTI ended the week at $48.52 up 9% and has rallied 24% since its last low on August 3 at $39.19 driven by short covering. While shorts have been forced to cover, managed money remains … [Read more...] about Crude Oil Rally Catches the Markets Short
Year of the Monkey A Squeeze on Liquidity
2016 is the year of the Red Monkey which officially begins with the Chinese New Year on Monday, February 8. Monkeys are curious and smart but their intelligence also makes them naughty, wily and vigilant. Their tricks on the markets seemed to have started early -- global equities and commodities began the year with a sell-off severe enough to imply a run on liquidity. Oil fell … [Read more...] about Year of the Monkey A Squeeze on Liquidity
Civil Unrest Continues to Rise
Friday the 13th has traditionally been viewed as an unlucky day. This year’s Friday the 13th culminated with a series of terrorist attacks in Paris, leaving an estimated 129 people dead. The attacks demonstrate the desperation of the attackers for which ISIS is claiming responsibility. Turn of the Cycle Despite coordinated stimulus from central bankers, global growth … [Read more...] about Civil Unrest Continues to Rise