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Summary US demand data continues to be volatile. We believe a large element of the downside surprise has to do with exports being so elevated. (EIA overstating product exports). However, as we explain below, there's an irony to all this. Either way, the conclusion is the s...
Summary Equities rebounded in recent weeks as investors considered the prospects of a possible pivot by major central banks, especially after China’s central bank unexpectedly cut interest rates. Similar to Europe, core inflation and services inflation are expected to rise ...
The national average gasoline prices in the United States have declined for 70 straight days, marking its longest streak since 2015 and its second longest span since 2004. The United States Gasoline ETF, LP ( NYSEARCA: UGA ) is the financial market's exclusive gasoline-based...
The 50% reduction in the discount on Russian crude is temporary as the market is underestimating the impact of EU sanctions. The expected surplus in Q3 has caused WTI to decline 15% QTD. However, the significant potential for gas-to-oil switching this winter could surprise demand....
Following the recent drop in oil prices, we see signs of U.S. oil demand bottoming. The price band appears to be (crude + 3-2-1 crack) $117 to $180/bbl. An Iran deal presents the biggest near-term headwind and we see it dropping price by $7 to $10/bbl. But once the market vali...
The energy sector led during the month of July, providing almost all of the positive performance due to a strong rally in natural gas prices. The heat wave from late June into early July in the lower Midwest U.S. killed cattle, quickly reducing supply. However, both cattle and hogs ra...
A few weeks ago, drivers’ demand for gasoline dipped below pandemic levels and is over one million barrels below normal pre-Covid levels. Consumer sentiment is so low, and budgets are so constrained by inflation, that people are taking fewer trips, going to fewer restaurants, a...
Long-term investors need to have a strategy they can stick with no matter what happens, a strategy that keeps them on an even keel. Investing is hard and determining your risk tolerance is far from an exact science. There are a lot of people these days who seem to want the market ...
Oil is trading at a premium based on historical data points. U.S. supply is beginning to come online again. Increased oil demand for energy in the EU is likely only temporary. Global recession risk is rising. The Iran deal is likely to close. (Editor's Note: CL1:CO...
The Russian war in Ukraine has had a massive impact on the European energy market, a result of which is runaway inflation across the continent. Nigeria’s substantial resource wealth and geographic proximity to Europe make it a very attractive partner for meeting the continent...
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2024-06-25 06:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-15 07:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
United States Gasoline Fund LP (UGA) is expected to report for Q2 2017