COM News and Press, Direxion Auspice Broad Commodity Strategy From 06/07/24

2024-06-07 17:38:04 ET Summary Ring Energy, Inc. reported Q1 2024 sales volumes above expectations. It did not change its full-year guidance, but I am assuming it will do better than the guidance midpoint. Despite this, Ring's 2024 free cash flow is now projected at $55 millio...

2024-06-07 13:48:32 ET Summary Nonfarm Payrolls in May exceeded expectations, growing by 272,000 jobs and surprising economists. The strong payroll and hourly earnings data may temper hopes for Fed rate cuts and raise concerns about inflation. Certain details in the report rai...

2024-06-07 12:05:00 ET Summary The problem with the idea of a structural shift to commodities in the future and why it hasn’t happened in the past is due to the drivers of commodity prices. While the commodity trade is certainly “in bloom” with the surge in li...

2024-06-07 11:30:00 ET Summary Introducing a new recurring series to help you gauge the current state of the economy and the market: The Macro Brief. This monthly series will showcase what our analysts say about the latest economic and market news and what it could mean for invest...

2024-06-07 05:59:44 ET Energy ... Crude oil ( CL1:COM ) +0.06% to $75.60. Natural Gas ( NG1:COM ) -0.01% to $2.82. Metals Palladium ( XPDUSD:CUR ) -1.47% to $907.00. Platinum ( XPTUSD:CUR ) -1...

2024-06-07 04:21:08 ET Meanwhile, China’s aluminium industry is also facing various headwinds, and the tightness in the bauxite market has made it hard for alumina refineries to secure feed. High gas prices are also impacting refinery operations, ANZ analysts Daniel Hynes and Soni Ku...

2024-06-06 18:50:07 ET Crude oil futures rose for a second straight session Thursday, adding to their rebound from the selloff early this week that followed OPEC's decision to start tapering production cuts after September. The European Central Bank announced its first interest rate c...

2024-06-06 17:35:51 ET More on corn futures Are Corn And Ethanol Markets Correlated? Grains ETFs Likely To Rise Into 2025 Seeking Alpha's Quant Rating on Teucrium Trading - Teucrium Corn Fund Read the full article on Seeking Alpha For further details ...

2024-06-06 16:55:44 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...

2024-06-06 16:04:16 ET From a sector point of view, seven of the 11 S&P segments rounded out the day higher, with Consumer Discretionary leading the way. In reverse, the worst performing sector on the session was Utilities.... Read the full article on Seeking Alpha For furth...