Commodities

  • WTIOIL
    70.04 USD -2.02%
  • XAG
    23.96 USD -0.14%
  • XAU
    2010.5 USD 0.48%
  • XCU
    3.73 USD -1.34%
  • XPD
    1478 USD -0.78%
  • XPT
    1048 USD 0.64%
  • ALU
    2243.47 USD -2.23%
  • RICE
    18 USD -1.75%
  • BRENTOIL
    74.17 USD -1.32%
  • SOYBEAN
    14.35 USD -0.66%
  • NG
    2.27 USD 0.27%
  • WHEAT
    256.22 USD -1.15%
Was there a speculative short selling on crude oil?

Was there a speculative short selling on crude oil?

Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Oil gains fifth month in a row despite China´s Covid surge
WTIOIL
-2.02%

Oil gains fifth month in a row despite China´s Covid surge

Crude oil gains fifth month in a row. Yet, uncertainties like Covid surge in China and war in Ukraine cause volatility 17,5% this month.

Joe Biden wants $500 million to boost US crop production

President Joe Biden proposes to spend $500 million to encourage American farmers to increase the production of crops.
Gold plunged under 1900$
XAU
0.48%

Gold plunged under 1900$

Concerns from next week's Fed meeting and eased nervousness from presidential vote in France sent gold under 1900.
Poland and Bulgaria without Russian gas
NG
0.27%

Poland and Bulgaria without Russian gas

Gazprom has completely stopped gas supplies to Poland and Bulgaria. The reason is the refusal to pay for gas in Rubles.
Gold erased previous week’s gains
XAU
0.48%

Gold erased previous week’s gains

This week, gold erased gains from previous week's rally. It's volatility represents -3,24%, and it is not the end of the day yet.
Canadian dollar vs. WTI correlation
WTIOIL
-2.02%

Canadian dollar vs. WTI correlation

Trading commodities is not just about gold, silver, oil or other metals or agricultural assets. It is necessary to have two points in mind.
Germany fears an immediate ban on Russian commodities
NG
0.27%

Germany fears an immediate ban on Russian commodities

While Europe is still considering a ban on Russian energy exports, German businesses and trade unions are joining forces to oppose it.

The problem is moving from Shanghai further into China

China's virus restrictions are spreading from Shanghai to other parts of the country, limiting metal supply chains and reducing demand.
Russian oil industry slows down
NG
0.27%

Russian oil industry slows down

The Russian oil industry is already showing signs of slowing down as Western buyers shun Russian oil. Moscow tries to compensate it in Asia.
Gold/Silver correlation remains very positive
XAU
0.48%

Gold/Silver correlation remains very positive

Correlation provides hard data of price moves that gives better chance to manage your portfolio.

Food prices are rising to record levels

World food prices hit another record in March. Their index rose by 12.7 percent compared to February. The harvest will be smaller.
EU plans to end coal imports from Russia
NG
0.27%

EU plans to end coal imports from Russia

This week, the European Commission proposed the fifth package of sanctions against Russia. There is talk of banning coal imports.