General Market Commentary The stock market confirmed a bull trend last week after shaking off negative economic news and breaking above the neckline of what will now be a hindsight head and shoulders formation on a daily chart. The overnight rally in the S&P is another confirmation of this bre

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Energies It is difficult for the oil spill news to become relevant to energy sector price action because market participants are not completely sure how to assess the impact on prices long term. In reality there is still no end in site to the negative news, but the lack of definitive assessment of

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General Comments After a very brief hiatus, the euro debacle took center stage again and brought commodity markets crumbling down. There are two issues here that are acting like a double edged sword and pressuring commodity prices. First the strong dollar means reduced global demand for commoditie

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Energies The BP oil spill remains a significant supply issue for the energy markets. Typically crude oil would experience a sell-the-news price plunge following something of this nature, however you can’t sell the news if you don’t know what the news is. A recent example is orange juic

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Choppy oil action with expanded intraday volatility suggests a turning point is occurring in this market sector. Oil prices have risen alongside stock prices as both are following a similar thought process that the world economic recovery is bolstering demand for commodities and stabilizing stocks.

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General Comments And then there was opportunity. The European Union sinks its own battleship with a 30 billion euro dollar bailout plan. Greece will not need to take this money, and if they do it will be out of the ridiculously beneficial interest rate of 5% and not because they actually need it.

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Each Wednesday the Energy Information Administration (EIA), a branch of the Department of Energy (DOE) releases inventory reports outlining activity in the energy sector at 10:30 AM EST. The reports summarize weekly energy supplies and consumer consumption rates. The EIA petroleum inventory reports

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The London Price Fix is the international benchmark price for gold, also known as the Gold Fix. Prices are set twice a day by the five members of the London gold pool. The price is quoted in US Dollars and the weight is measured in troy ounces. This price is a summary of supply and demand in the var

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The grade of a commodity used as the standard or par grade of a futures contract.

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