COM News and Press, Direxion Auspice Broad Commodity Strategy From 06/17/24

2024-06-17 10:56:49 ET More on copper and copper miners COPX: Poised For Gains As Copper Demand Surges CPER: New All-Time Highs In Copper And A Correction COPX: Copper Squeeze Could Stretch Beyond 2030 Read the full article on Seeking Alpha For furthe...

2024-06-17 10:31:27 ET Orange juice prices have rallied recently, with poor citrus harvests in the world’s largest producer, Brazil, pushing futures to an all-time high last month, having more than doubled over the past year.... Read the full article on Seeking A...

2024-06-17 08:30:00 ET Summary My caution on Exxon Mobil in April was timed to perfection, as XOM stock has underperformed the S&P 500 since then. Energy investors were too optimistic about oil prices staying higher for longer back then. With oil prices potentially bottomi...

2024-06-17 06:00:26 ET Energy markets ticked lower on Monday at the start of a holiday-shortened week, following crude oil's largest weekly gain in nearly two months, as traders assessed the demand situation and China's factory output data, while the escalating crisis ...

2024-06-17 04:30:49 ET Summary W&T briefly fell below $2 on Friday, its lowest level since November 2020. The oil prices and the company's fundamentals are significantly better now compared to the pandemic period. The selloff appears related to institutional capital outflo...

2024-06-16 13:39:28 ET Summary WTI crude oil remains in the upper $70s, performing well last week despite macro challenges. Energy sector stocks continue to struggle compared to tech-related stocks, with XLE hitting 26-month relative lows versus the S&P 500. I have a buy r...

2024-06-15 12:30:00 ET More on the markets Catalyst Watch: HP Enterprise event, Walmart+ Week, Pure Storage buzz, and triple-witching volatility S&P 500 snaps four-day win streak, but gains for the week Stock Market Volatility May Be Due For A Significant Move Hi...

2024-06-14 20:15:57 ET More on crude oil IEA's 2030 Outlook - I Don't Even Know Where To Start February Non-OPEC And World Oil Production Rises Midday In The Permian: WTI Could Rally Soon Read the full article on Seeking Alpha For further details see:...

2024-06-14 14:53:56 ET Summary XLE has the highest shareholder yield in the S&P 500 Energy sector at 7.6%. With a P/E in the low teens, the valuation case is very strong. But XLE faces technical challenges with a bearish false breakout risk, and I note key levels on the ch...

2024-06-14 08:30:00 ET Summary Energy sector investors have endured a disappointing two months. Bearish sentiments in crude oil futures have likely contributed to the weakness. OPEC+'s recent decision led to an initial selloff, but crude oil futures assess a bottoming signal. ...