Commodities Trading
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Quick and simple answers to the most common Commodities questions:
Q) Where can I Spread Bet on Commodities?
Q) Where can I Trade for Free on Commodities?
Q) How to Spread Bet on Commodities?
Q) Where can I find Free Live Prices on Commodities?
Q) Where can I find Free Commodities Charts?
Q) Where can I find free Commodities Trading News?
Q) Where can I find Commodities Technical Analysis?
Q) Where can I find Narrow Commodities Spreads?
Q) Where can I find a Free Commodities Trading Platform / Software?
Commodities Spread Trading
A regular Commodities spread trading update by Simon Denham of Capital Spreads. For the latest Commodities spread trading update, click here.
Commodities Spread Betting, 4 May 2012
Gold extended its losses for a third day in a row, ending $17.54 down at $1,635.98.
This came as the ECB President denied talks of a cut in interest rates. It sounded like the ECB are sticking to their mandate of caring less about growth and more about inflation.
Investors took notice of Draghi's comments and moved away from gold, even though today's US employment data might see them move back. At the time of writing the precious metal is just softer at $1,632.
The price of Nymex crude oil posted a steep fall of $2.68 yesterday, crossing below the short term moving averages and settling at $102.54, a level not seen since 23 April.
Discouraged by the seemingly anaemic US recovery, buyers did not want to take on the extra risk of a potentially bad number in the Non Farm Payrolls report.
Instead they closed their long positions, deciding to wait for further confirmations of growth. This morning Nymex is looking a little pressured, down $0.50 at $102.00.
Commodities Spread Betting, 3 May 2012
Bad news for the US employment sector spurred demand for the dollar, which in turn put downward pressure on the gold market.
As a result, gold prices took a hit yesterday, losing $9.2 to $1,653.60. The precious metal is still feeling the effects this morning by trading lower at $1,646.
The US Department of Energy released its weekly oil inventories report yesterday, showing a rise of 2.8 million barrels in crude stocks. This was more than analysts' earlier estimates for an increase of 2.3 million barrels.
Perhaps more importantly, the overall level of crude inventories has reached the highest mark since September 1990. This hurt the price of US crude oil by $0.76, falling to a close of $105.22.
In contrast, gasoline stocks fell by 2 million barrels, versus expectations of a drop of 0.9 million barrels, which may have limited the slump in oil prices.
Commodities Spread Betting, 2 May 2012
Gold finished slightly lower yesterday, losing $1.65 to close at $1,662.80. This largely came on the back of the positive US manufacturing data, which sent investors back into risky assets.
Doubts that the Fed will employ another round of quantitative easing have also reduced demand for gold as a hedge against weaker US monetary policy.
Considering the bigger picture, the $1,620 - $1,680 range established last month is still in place. At the time of writing the precious metal is at $1,651.
The economic recovery in the US has continued to remain fairly resilient, as indicated by yesterday's positive manufacturing data, despite speculation of slowing activity.
Energy investors were quick to react, pushing US crude oil futures above the $106.00 resistance level and scoring a $1.27 gain for the day, closing at $106.16.
The upcoming reversal of the Seaway pipeline may have also played a supporting role as it could clear the glut in the US crude oil market. This morning US crude is just a little softer at $105.75.
Commodities Spread Betting, 1 May 2012
The commodities markets saw a sharp sell off in gold yesterday which left everyone wondering about a so-called 'fat finger error'.
It was serious enough that trading was halted to allow 'the market to recalibrate', according to a CME spokesperson.
For the rest of the day, the gold futures market fought its way back up and closed $1.45 higher at $1,663.88.
Growing worries regarding the European economic outlook, as Spain slipped back into recession, weighed on US crude oil prices in yesterday's morning session.
Although the US economic figures also painted a negative picture, a late rebound in the stock market helped the energy sector regain some composure.
In the end, the price of US crude oil closed only marginally down, falling $0.06 to $104.87.
Commodities Spread Betting, 30 April 2012
Following the weaker than expected US growth figures, many commodities futures investors took the view that the Fed will increase its current monetary easing program.
As a result, the gold market continued its rally with the precious metal ultimately gaining $4.9 for the day, rising to $1,662.3.
The price of WTI crude oil was on the back foot on Friday after the US economy showed weaker than expected growth.
However, the usual suspects, a rebounding equity market and a weaker US dollar, reversed the daily trend and pushed crude prices into positive territory, up $0.83 to $104.93.
In addition, some energy investors may have chosen to close their short positions that were established in the morning, unwilling to stay exposed over the weekend.
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Commodities Spread Betting, 27 April 2012
After digesting the Federal Reserve's statement on monetary policy, gold buyers decided to step back into the market, pushing the price up by $11 to $1,654.90.
The spectre of a prolonged period of low interest rates in the developed world still offers good support for the precious metal.
Mixed economic indicators in the US and growing uncertainty for the European politics could also raise demand for gold as a hedge. This morning gold is at $1650.
Yesterday, the US crude oil market started under pressure as the figures for the US jobless claims continued to show a struggling employment sector. However, housing data improved investors' sentiment by surprising to the upside.
A rally in stock market indices also boosted US crude prices, which moved higher for a third straight session, adding $0.59 to a close of $104.55.
However, this morning's risk aversion has seen declines for crude oil futures, with US crude trading at $103.75 at the time of writing.
Commodities Spread Betting, 26 April 2012
The gold market dipped in reaction to the Federal Reserve statement but found good support just above $1,620.00 level.
This support came as it appeared the US central bank would still consider easing monetary policy should the economic recovery turn sour.
Accordingly, the precious metal recouped its losses and even finished up $3.15 at $1,643.98.
In the long term, the appeal of the gold futures market as a hedge against turmoil and fear of inflation is here to stay. This morning the precious metal is at $1,650.
Price Update:
- Brent Crude Oil / UK Oil (June) closed yesterday at $119.12
- WTI Nymex / US Oil (June) closed yesterday at $104.12
Commodities Spread Betting, 25 April 2012
Those spread betting on commodities yesterday saw gold benefit from some dollar weakness, as the metal rose $3.25 to $1,641.37. However, the thin trading range points to a cautious approach.
Well received debt auctions in Spain, Italy and the Netherlands, combined with positive economic data in the US, pushed some investors to take bullish positions.
Nevertheless, a better indication of gold's near term direction will probably be offered by the FOMC statement due later today.
Energy market participants remained unconvinced that oil demand in Europe will see better days in the short term and so they pushed crude prices down yesterday.
Tensions with Iran look to be away from the spotlight for the moment and that also put downward pressure on Brent crude oil futures.
As a result, it was little surprise to see Brent losing $0.59 to close at $118.16 yesterday, although this morning the market is a little higher at $118.40.
Commodities Spread Betting, 24 April 2012
Growing concerns that Europe will not be able to put its house in order sent investors to the safety of the US dollar yesterday, pushing gold futures lower during the morning session.
As a result we tested the $1,620 mark but managed to rebound, finishing only $4 down at $1,637.45. This morning the precious metal is trading at $1,639.
Deepening European economic troubles raised further questions over crude oil demand going forward and slower growth in China is surely another worry for energy investors.
Surprisingly though, after slumping initially, Brent crude pared its losses, closing near flat at $118.71, despite a drop in the WTI contract.
The question is whether that apparent strength can be sustained given that Iran and the West have started to talk. This morning Brent is a little lower at $118.40.
Commodities Spread Betting, 23 April 2012
Gold closed marginally lower at $1,642.09 on Friday, after trading in a very tight range as most commodities spread betting investors waited on the sidelines.
After testing $1,680 unsuccessfully on April 12th, the precious metal started to retrace.
If buyers continue to delay their comeback into the market, we could see a challenge on $1,620 soon, especially after gold failed to reach $1,650 in the last session. At the time of writing the precious metal is at $1,632.
Although Brent crude oil managed to gain $0.75 on Friday, ending at $118.76, its weekly performance was negative.
There are concerns over the short term trend for the bulls as ongoing worries regarding the European economy puts downward pressure on near-term oil demand.
If the resistance just above $120 continues to hold, we could see a move towards the recent lows around $117. This morning Brent crude is a little lower at $118.20.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Commodities Trading' by DB, updated 04-May-12
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