Oil Rebounds CLM = 61.83s +1.08 (+1.78%) QAM = 65.85s +1.18 (+1.82%)
It is suspected that the past 3 days of buying is coming from short covering, or producers applying the Texas hedge, as we have seen little increase in open interest.
Silver Completes A Higher Degree Correction and its Now Eyeing 36-37 Target area from technical and Elliott wave perspective.
Grain markets have been able to gain ground in the first half of the shortened week. More upside left ahead of tomorrow’s Cattle on Feed report?
Grain markets have been lower at the start of the week but are attempting to find their footing int he Wednesday morning trade.
Safe-haven demand is back on the radar as gold and silver climb overnight. Phil Streible breaks down what’s driving the move and what key levels to watch next in today’s Metals Minute.
WTI Crude Oil Futures (May) Yesterday’s Settlement: 61.33, down -0.20 [-0.33%] WTI Crude Oil futures finished the day lower, driven by Dollar strength, fundamental selling, and reportedly positive progress...
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