Crude Oil (CL) futures fakeout from last week as price rallies back into the Parabolic channel. The Bears have a 1-2-3 reversal and resistance zone to work with. Bulls have an Inverse Head and Shoulders and the Parabolic channel in their favor. Dead Cat Bounce After we saw CL drop below $76.25 last Monday, the Read More…
Commodities made a high record for the second consecutive quarter on the 30th of September. The best-performed commodities futures are the natural gas and lumber. This made the Bloomberg Commodity Index (BCOM, -0.32%) to post a rise of about 9% in the third quarter of 2020. In the second quarter, the index rose by about Read More…
COVID-19 pandemic has caused significant disruptions in the financial and commodity markets, globally. The impact is equally felt in the US oil and gas sector with an unprecedented fall in the energy demand. The aftermath of COVID-19 could trigger long-term shifts in global commodity markets and this could affect commodity exporters and importers. High transportation Read More…