…and welcome to the last trading day in Q3, and the stormy conditions it brings. This week has dealt further downside pressure to natural gas, but no further low for the year as the themes of strong supply and weak demand continue. Crude has done a non-stop-flip-flop, remaining choppy but lacking conviction as Euro debt concerns continue, and as global economic worries ebb-flow-ebb-flow. Next week brings a new month, a new quarter, and a new set of data points to usher markets this way and that. But before then, enjoy the respite…with these bites: » read more
Posts Tagged ‘commodities’
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Sep 30 @ 10:58am by Matt Smith in Biofuels, Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
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Jul 22 @ 9:52am by Matt Smith in Crude Oil, Economy, risk management
File Under: Friday Morning Musings
This morning’s appearance on CNBC was at an almost-civil time of 7.45am, compared to my recent early-morning jaunts on Squawk Box. Nonetheless, it was as fun as always, discussing the current impact of earnings season, the euro, and the IEA on the crude market. Hark, click on the below mugshot to launch to the clip:
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Jul 8 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Global Energy, Natural Gas
Burrito bites
Happy Friday! And as we plough through this first full week of the month, we have had a bumper crop of data releases to feed the market, all harvested in a short trading week too. Economic data has been decidedly mixed, with Nonfarm Friday leaving financial markets shaken not stirred today. This has erased a good chunk of this week’s rally in the crude market, while natural gas tethers itself around the 200-day moving average, as a whopper of a weekly storage injection stymies prices once more. Hark, another Friday feast: » read more
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Jul 1 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
Friday, a long weekend ahead, and Q3 kicked off - reasons to be cheerful, 1-2-3. And this week has brought the familiar twists and turns. Well actually, crude had been on the straight and narrow (higher) for most of this week, egged on by the exuberance of the response to the approval of a Greek austerity package, which has essentially ensured the survival of the Eurozone in its current form…for now. As for the good ship nat gas, it has shown moderate progress after bouncing from strong support around $4.20ish, as summer weather supports higher cooling demand, while the first-named storm of this Atlantic hurricane season reminds us we never know what is around the corner – so keep your eyes on the prize (exhibit 1, left). A long weekend awaits, so be sure to load up on sustenance: » read more
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Jun 10 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
Hooray for Fridays! And wowee - what a week it has been. The Opec meeting was a stormingly spectacular car-crash of a coming-together. As it descended to the depths of publicly-displayed dissatisfaction, natural gas was experiencing a volcanic rise higher before being struck down by lightning weekly storage. But enough chat for now, let’s chow: » read more
