Category Archives: Weekly Charts

Mar 27, 2018 – Commodity Weekly: Crude testing January highs – the last resistance

Mr Price Action/ March 28, 2018/ Chart Of The Day, Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Crude oil testing January highs as well as the revival of gold rally after the FOMC were supporting commodities last week. As energy sector and precious metals pulled the market to the upside, the agricultural contracts and industrial metals were suffering losses from rising fears that the escalating trade war could hamper global growth. Oil While speculative net long reached

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Feb 13, 2018 – Commodity Weekly: Suffering commodity space offered nice trade opportunities

Mr Price Action/ February 13, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

A great week for traders is behind, the volatility finally arrived to the commodity markets and more sectors had nice moves during this period. The biggest movers were in the Energy sector were oil and distillates joined the falling natural gas as the updated 2018/19 predictions of increasing US production surprised the markets. The Agri sector had on the other

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Feb 6, 2018 – Commodity Weekly: After the support of weak dollar diminished, commodities joined the selloff

Mr Price Action/ February 6, 2018/ Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

After a supportive week of depreciating dollar commodities are getting hit by sell off in equities and overall negative sentiment in risk assets. While the dollar should have been helping commodities rise, it wasn’t entirely the case even last week and the air was filled with tension especially after the FOMC meeting on Wednesday where the Fed noted inflation is

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Jan 15, 2018 – Commodity Weekly: Oil bulls pushing prices higher, corn and sugar falling

Mr Price Action/ January 16, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Last week continued the spectacular oil rally as inventories are dropping and Trump threatened to abandon Iran nuclear deal. The grains had hard time after bearish WASDE report although soybeans seem to get some extra boost, both corn and wheat were suffering. The soft sector had a rather bad week too with Sugar #11 dropping almost 7% testing key support

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Jan 8, 2018 – Weekly Commodity – Commodity Index rebalancing may bring corrections this week

Mr Price Action/ January 9, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The second week of the year is usually about Commodity Index rebalancing. During this process Commodity Index funds adjust their portfolios to those indices they follow. This often results in buying the worse performing commodities and selling the high performers. Some commodities may see a short term bounce or drop but without fundamental support any correction will be short lived Oil

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Jan 1, 2018 – Weekly Commodity – Strong year for metals, good for crude and a disaster for agriculture

Mr Price Action/ January 1, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

2017 was very good year for the metals, especially industrial metals were in favour of investors after the EV euphoria spread all over the market place. Crude had also a good year, lathough the main rally came on the second half of the year. The agricultural sector was hot hard by another strong harvest season. The coming year is promising for

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Dec 12, 2017 – Weekly Commodity: Year end sell-off while US producers getting in focus

Mr Price Action/ December 12, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The last week was pretty bad for commodities in general as we experienced sell off all over the commodity market place. The most where sold out metals and softs, but energy sector was also hit. Main drivers were strengthening dollar, the changes in Chinese industry goin more green and also the rise of bitcoin as a possible substitute of gold

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Dec 5, 2017 – Weekly Commodity: OPEC delivered extension now focus turning to US production & inventories

Mr Price Action/ December 5, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodities had a bad week caused primarily by correction in metals which couldn’t be compensated by slight bounce in Energy and Agriculture. The OPEC delivered extension of the production cut as the market expected, however as this was already priced in there wasn’t enough buying power to take prices to new highs. As the huge rally from the end of

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Nov 28, 2017 – Weekly Commodity: Oil bulls supported by Canadian supply disruption, Thursday OPEC meeting in focus

Mr Price Action/ November 28, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The last week was rather quiet due to Thanksgiving but we had some interesting moves in the commodity space due to unexpected events. First of all the tired oil bulls got some support from the Canadian supply disruption while the grain market was kept low due to huge ending stocks and good weather forecast from South America. We saw also

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Nov 21, 2017 – Weekly Commodity: Crude trader’s focus back on fundamentals, oversupply

Mr Price Action/ November 21, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

After a week of increased uncertainty following the anticorruption crackdown in Saudi Arabia, the focus is re-shifting toward fundamentals again. A Tuesday sell-off was triggered by the IEA monthly report where the agency reduced its’ global demand forecast by around 100k bpd in contrary to the last OPEC Monthly report from a day earlier. The bears got some additional support

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