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Energy & Commodities

Is A Second OPEC Cut On The Cards?

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Posted by OilPrice.com

on Wednesday, 08 March 2017 08:11

8ef58d61d17d7426e7c005994381cb80OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent, thanks to the cartel's leader and biggest producer, Saudi Arabia, which has been cutting deeper than pledged. But the market has already priced in this high compliance, and although oil prices jump for a few hours on every report of 'extraordinary efforts' and reassurance that members will strive for 'full conformity', they are stuck in a narrow band, kept in check by U.S. shale and record high inventories in America.



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Energy & Commodities

The Chartology of the Commodities: The Inflation/ Deflation Barometer

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Posted by Rambus Chartology

on Tuesday, 07 March 2017 07:36

One of the biggest questions investors have is what type of environment are stocks and the economy in, deflation or inflation? Knowing the answer to that question can give you a heads up on what different sectors to invest in and what sectors to stay away from. Tonight I would like to update some of the different commodities indexes to see if they can give us any clues on which way the deflationary or inflationary pendulum is swinging.  Commodities are often an under analysed asset class as compared to Stocks and Bonds. However they are the nuts and bolts , the real stuff  supporting human existence.

Lets start with one of the oldest commodities indexes around the $CRB index. After the huge impulse move down that began in the middle of 2014, the CRB index finally bottomed in early 2016, putting in a small double bottom which was going to be part of a bigger inverse H&S bottom. After breaking out above NL1 the CRB index then rallied higher stalling out below the 2016 high and began to decline once more. That decline found support at the neckline symmetry line which was a good place to look for a low for the right shoulder of a much bigger double H&S bottom. After trading below NL2 for six months the price action finally broke above it with just a small rally.

From a Chartology perspective nothing is broken yet on the double H&S bottom, but the price action has been very laborious since the December low of last year. Again, nothing is broken, but I see a yellow flag waving that is signaling caution in regards to the double H&S bottom, which we’ll look at in more detail on the next chart to follow this one.

crb-day-1-768x985

 

....continue reading this extensive report HERE



Energy & Commodities

Time To Pick Up Some Natural Gas Production

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Posted by Andrew Hecht via Seeking Alphaia Seeking Alpha

on Monday, 06 March 2017 06:26

Natural-GasSummary

Natural gas repeats its February 2016 performance.

Liquefied NG is the future for the industry.

LNG a buy.

APA and DVN are scale-down buys.

UNG is another way to play natural gas for the months ahead.

Natural gas has seen lots of volatility over past months and speculative interest is at the highest level in years. With the price of the energy commodity falling, it is possible that some real future opportunities are currently available in the natural gas market for those brave enough to become a contrarian or buy certain assets during the current selloff.

....read more HERE



Energy & Commodities

Next Oil Rally? Futures Say Market Is Tightening

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Posted by OilPrice.com

on Wednesday, 01 March 2017 08:21

c1b4653003ea911a31b8dadfe0cc3288U.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.

Storing crude oil for sale at a later date is no longer profitable, as the futures curve has flattened out in recent weeks, depriving traders of a strategy that has served them well over the past few years. The market "contango," in which front-month oil contracts trade at a discount to oil futures six months or a year out, has all but vanished. The differential must be large enough to cover the cost of storage, and for many time spreads that is no longer the case. After three years of a steep contango, storing oil simply to take advantage of the time spreads is increasingly uneconomical.



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Energy & Commodities

Curious Gold-Silver Ratio That Did Not Fall

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Posted by Keith Weiner - The Gold Standard Institutedard Institute

on Monday, 27 February 2017 08:46

This holiday-shortened week (last Monday was President's Day in the US), the price of the dollar fell. In gold, it fell almost half a milligram to 24.75mg, and prices in silver it dropped 30mg, to 1.7 grams of the white monetary metal. Flipped upside down, gold went up 23 notes from the Federal Reserve, and silver appears to go up by 41 cents.

Below, we will show the only true picture of the gold and silver supply and demand fundamentals. But first, the price and ratio charts.

The Prices of Gold and Silver

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Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It moved sideways again this week, which would normally be odd for a time when the prices of the metals are rising.



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