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Natural Gas Retreats From Recent Highs

Natural Gas Retreats From Recent Highs

May natural gas prices retreated from their recent highs set yesterday, settling down around half a percent on the day today.  The entire front of the strip came under a bit of selling pressure, generally settling down slightly more than a cent.  Meanwhile, Henry Hub cash prices remained quite firm on the day.  With cash […]
WTI/RBOB Extend Gains After Surprise Inventory Draws

WTI/RBOB Extend Gains After Surprise Inventory Draws

Despite geopolitical risks seemingly ebbing, WTI/RBOB rebounded today on hopes OPEC would extend output cuts and extended gains after API reported surprise draws across the entire energy space. Additionally, Bloomberg points out that Alberta’s plan to cut crude and fuel shipments to British Columbia could ripple across the entire west coast of North America, causing pump prices to surge and […]
The Big Four Economic Indicators: Industrial Production Up 0.5% In March

The Big Four Economic Indicators: Industrial Production Up 0.5% In March

  Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee […]
The Last Hour Finally Hangs On … By A Thread

The Last Hour Finally Hangs On … By A Thread

We’ve been talking quite a lot recently about the equity market’s inability to hang on to gains in the last hour of trading. Heading into today, the index had traded down in the last hour of trading for six straight sessions. Today, equities were strong throughout the trading day and even started to leg higher […]
Spoofing Futures And Banging Fixes: Same Banks, Same Trading Desks

Spoofing Futures And Banging Fixes: Same Banks, Same Trading Desks

On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based Commodity Exchange […]
Stocks And Precious Metals Charts – Strangers In A Strange Land

Stocks And Precious Metals Charts – Strangers In A Strange Land

Are we not exceptional? Are you not entertained?            
US Retail Rise: ETFs In Focus

US Retail Rise: ETFs In Focus

U.S. retail sales picked up in March after declining for three straight months, as consumers bought more motor vehicles and other expensive items, reflecting a revival in consumer spending owing to tax cuts and refunds. Eight of 13 major retail categories showed improvement. Into the Headlines Overall retail sales increased 0.6% in March, after 0.1% […]
United Beats The Street

United Beats The Street

CNBC’s Phil LeBeau reports on the quarterly earnings for United.
End Of The Line For The EUR/USD – Cable Rallies?

End Of The Line For The EUR/USD – Cable Rallies?

Good evening folks, good to have you back! I came across a very interesting chart today, and I think it is worth contemplating for a moment. It is from Yardeni research, their research and charting is a treasure trove, you should check it out. Heres the chart, You are looking at the last 20 years of the […]
Will IBM Spoil The Tech Party?

Will IBM Spoil The Tech Party?

Video length: 00:16:28 Stocks hit a critical juncture today as multiple technical patterns and indicators converge and this key level. Will the market break out to new highs or is this a sucker’s rally? IBM had their earnings announcement after the close and the stock has fallen by 1 standard deviation. Watch this video right […]