Category Archives: Charts

June 12, 2018 – Commodity Weekly: Calm commodity markets ahead of Fed, OPEC

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

Commodity markets had a volatile week but currently they are rather calm ahead of key events, the FOMC reate decision today and the OPEC meeting next week. Crude is stable just above recent lows while yesterday API reported surprise built up in crude and even bigger rise in gasoline inventories.Corn reacted strongly on bullish Wasde data as market expected increase

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May 21, 2018 – Commodity Weekly: Commodity markets in bullish mode despite strenghtening dollar

Mr Price Action/ May 22, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodities had a pretty strong few days as the Brent driven oil rally helped to lift prices in most of the sectors. The strengthening dollar hit precious metals the most, but the selloff wasn’t particularly heavy. Extreme speculative positioning however represents significant threat of possible volatile corrections for many commodities. Oil The oil market was primarily driven by the withdrawal

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Apr 10, 2018 – Commodity Weekly: Oil rebounded from 2015 highs, sugar still under pressure despite divergence

Mr Price Action/ April 10, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The commodity prices index didn’t change much the previous week, although there was a drop in BBG commodity index by 0.6%. The main driver was the energy sector, especially oil that took the hit after inventories in Cushing have risen and trade war tension is easing. The latest developments in Syria seems to change the market sentiment … again. The

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Apr 4, 2018 – Commodity Weekly: Crude, Corn forming double top, more downside for sugar ahead

Mr Price Action/ April 4, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

While Crude corrected ahead of key resistance on easing ME tension, grain traders were surprised by the USDA corn and soybeans ending stocks (higher than estimates) and acreage estimates (surprisingly balanced). Sugar is on the other hand pressured by strong production in India despite Brazilian producers are shifting to ethanol and its a surprise its holding so well despite the

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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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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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