COM News and Press, Direxion Auspice Broad Commodity Strategy From 06/04/24

2024-06-04 10:53:31 ET The major market averages traded in a mixed position on Tuesday, a day after data showed that activity in the manufacturing sector contracted for a second-straight month.... Read the full article on Seeking Alpha For further details see: Dow, S&P, ...

2024-06-04 09:11:19 ET More on copper CPER: New All-Time Highs In Copper And A Correction Does Copper's Rally Have Room To Run? CPER: Long-Term Copper Outlook Is Bullish, But Short-Term Caution Advised Read the full article on Seeking Alpha For furthe...

2024-06-04 06:06:26 ET Energy Crude oil ( CL1:COM ) -1.99% to $72.74. Natural Gas ( NG1:COM ) +0.16% to $2.76. Metals Palladium ( XPDUSD:CUR ) -2.07% to $897.00. Platinum ( XPTUSD:CUR ) -1...

2024-06-03 20:00:13 ET More on crude oil Short-Term Energy Outlook, May 2024 The Quandary In The Markets And Navigating Concerns Of Stagflation Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Read the full article on Seeking Alpha ...

2024-06-02 15:23:25 ET The price of Brent crude, a key international benchmark for oil, is at risk of declining from an estimated range of $75 to $90 a barrel, analysts at Goldman Sachs said Sunday. They said their estimates may be too optimistic because the planned output cuts by major oil...

2024-06-02 13:04:00 ET Summary Economists expect another 185K jobs to be added in May, with the unemployment rate remaining at 3.9%. Nvidia's 10-for-1 stock split goes into effect, potentially opening the door to inclusion in the Dow Jones Industrial Average. Crypto expert Rya...

2024-06-02 07:53:40 ET More on Crude Oil Futures Short-Term Energy Outlook, May 2024 The Quandary In The Markets And Navigating Concerns Of Stagflation Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Commodity Roundup: Oil gains ahead of...

2024-05-31 18:50:05 ET Crude oil futures fell for the day and the week, ahead of the OPEC+ weekend meeting where the group is widely expected to keep production cuts in place after Q2. "Softening fundamentals have narrowed the group's decision to one main focus: how long to extend the...

2024-05-31 17:06:51 ET Summary Copper prices reached record highs due to increased demand from artificial intelligence, defense spending, and the green energy transition. China's weak real estate sector may impact global copper demand and manufacturers' willingness to pay premiums...

2024-05-31 11:11:58 ET Summary Real PCE contracted by -0.05% in April 2024, below economists' forecast of -0.05% growth. The weak PCE data suggests a significant slowdown in the US economy, potentially raising macro risk for markets. A "nightmare" scenario would be that growth...