Use Goldman’s call for $74 a barrel oil as an indicator of a trading bottom
Yesterday’s Goldman forecast that U.S. crude oil benchmark West Texas Intermediate was headed to $74 a barrel for 2015 took down the price of oil and the prices of oil-related stocks. I don’t think Goldman has any better read on the uncertainties of oil sector fundamentals than any of the other commodities specialists. Where Goldman does have superior information, however, is on trading positions and the structure of the commodities market
Not enough bargain hunting yet to turn the downward trend
Plunging energy prices derailed a decent climb in the Dow Jones Industrial Average and the Standard & Poor’s 500 in today’s session. The U.S. benchmark West Texas Intermediate fell another 4.6% to the lowest price in more than two years.
Sell Vale on another pre-election bounce in Brazil
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Even after this “dip” risk/reward doesn’t point to buying–I’m keeping my powder dry
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Sector Monday (on Tuesday): Big iron miners hope they can restore rationality to the sector by behaving irrationally
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Oil prices continue their six-week retreat today
The problem over the last six weeks has been forecasts that show slipping demand and rising production. Today’s news out of China—showing that although exports climbed, imports (including crude) fell—has just added to fears
The Big Hedge #2: Looking for uncorrelated assets in commodities
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Copper rally is an example of the current market churn at work
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The bears rule the grain markets on USDA forecasts for whopper corn and soybean harvests
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Sector Monday: Farm commodities–and farm sector stocks–on march on lower than expected corn plantings
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