Spread Betting Commodities Futures Market Review
|
|
 |
The Spread Betting Commodities Futures Market Review with quick and simple answers to common commodities futures spread betting questions:
Spread Betting Commodities Futures Market Review, 7 October 2011
Gold’s negative correlation with the US Dollar started to take its form again yesterday, finding direction from the general sentiment on the global economic outlook.
Demand for the yellow metal could grow after yesterday’s central bank manoeuvres. However, the fact that the advance was only $8.5 to $1650.0 on such significant news could show that there is still a heap of caution around. Currently, the gold spread betting market is still on the rise, trading at $1660.3.
The energy spread betting markets look like they are jumping on the back of optimism in the equity markets and so crude prices are clawing back losses made last month.
General census was that the ECB were seen to be making the right moves to deal with the ongoing debt crisis and, therefore, demand for the black stuff will not decline as had been initially feared.
All eyes will be on the Non Farms later today to confirm this optimism though.
Spread Betting Commodities Futures Market Review, 6 October 2011
With the commodity markets bouncing back and equity markets showing a good recovery, investors were keen to help push gold higher as the feel good factor took over the markets.
The level of $1600.0 looks like it’s in place to provide a good support for the yellow brick and the few attempts to break below this were brushed off.
In the end, the precious metal rallied $16 to $1641.4, but still looks set for a period of consolidation within the $1600.0 - $1675.0 range. At time of writing, the gold spread trading market is sitting at $1646.3.
The unexpected decline in crude oil inventories yesterday set the path for a rise in the black stuff’s price.
The fact it came in on the back of a drop in crude imports was of little importance to the bulls as the data was accompanied by the surprisingly better than expected initial jobless claim figure.
To generously add to the rally was the rebound in equities, providing solid direction for the energy complex.
Spread Betting Commodities Futures Market Review, 5 October 2011
The three session winning streak that has been helping gold claw back recent losses came to an end yesterday, with the yellow brick losing 36 Dollars, closing at $1624.1.
As in previous sessions, it contradicted the negative correlation it has with the US Dollar, as Fed Chairman Ben Bernanke downplayed inflationary concerns, which in turn lessened the appeal of the precious metal as a hedge against rising prices.
This morning things are quiet after dipping to as low as $1600 yesterday, but we’re pretty much flat at $1625.
Crude started off yesterday’s session in the negative as Greek debt worries lingered. However, after Bernanke’s speech, stating that he’s determined to take extra action to boost the economic recovery, things started to look a bit rosier for crude oil traders.
It’s likely that the rebound in black gold was also helped by the sharp drop in the US Dollar and the rebound in the equity markets. At time of writing Brent crude is trading at $101.76.
Spread Betting Commodities Futures Market Review, 4 October 2011
Gold’s bounce back did not end yesterday as investors were still seen to be considering the precious metal a safety haven, buying in to protect themselves from the market limbo caused by a looming Greek default.
As we saw in the previous session, the higher Dollar did not restrain the yellow brick from gaining $36 to close at $1660.0. Currently, the fact that gold is trading back at $1677.0 could mean that we are witnessing the resumption of a new rally after the recent correction wiped $300 off the metal’s price.
The dominating concern for oil yesterday was energy demand, and this sent the black stuff spiralling downwards.
Even with the sparse bit of good news in the form of better than expected manufacturing activity, crude continued its slump.
Only adding to the increasing weight was the higher US Dollar and the sell off in the shares spread betting markets.
Things haven’t changed much this morning, with Brent trading down at $100.82 a barrel at time of writing.
Spread Betting Commodities Futures Market Review, 3 October 2011
As politicians twiddle their thumbs over finding a fix for the apparent Greek debt crisis, investors returned to the yellow brick as a hedge against the growing market turmoil.
To add fuel to the fire, news that Eurozone inflation had reached 3% last month was not welcomed with open arms, and this spurred further demand for the precious metal.
So despite the strength in the US Dollar, which has lately been acting as a weight on gold’s price, the yellow metal gained $6.8 to end at $1623.2. At time of writing things aren’t slowing down as the rally continues to push gold up to $1649.0.
The usual suspects were to blame for the sharp fall in the crude oil spread betting market. The weakening equity markets and strengthening Dollar joined forces to push the black gold down, possibly as positions were squared off ahead of the weekend.
The slump was weighted further by the negative Eurozone inflation data and, at time of writing, things aren’t any different as the liquid commodity sits at $101.76.
Financial Spreads » "With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." » read Financial Spreads review.
|
Spread Betting Commodities Futures Market Review, 30 September 2011
Copper has seen a real slowdown in demand and the metal is taking its biggest beating since the start of the global recession.
The story isn't much better for gold as it faces its biggest monthly fall since 2008. It is currently trading at $1627 and is showing support at $1604 and resistance at $1653.
Price Update:
- Brent Crude Oil / UK Oil (November) closed yesterday at $103.95
- WTI Nymex / US Oil (November) closed yesterday at $82.14
Spread Betting Commodities Futures Market Review, 29 September 2011
The gold spread betting market's volatility continues and as other currencies just about have the edge on the Dollar this morning, the precious metal is seeing a little bit of strength early on.
The yellow metal is currently trading at $1632 following a weak session in Asian overnight. Bulls will be looking for a test of resistance at $1675 meanwhile they'll be hoping support at $1600/1585 and then of course the major recent low at $1535 will hold up.
Price Update:
- Brent Crude Oil / UK Oil (November) closed yesterday at $103.81
- WTI Nymex / US Oil (November) closed yesterday at $81.21
Spread Betting Commodities Futures Market Review, 28 September 2011
The roller coaster that is gold has found a bit of calm in the last couple of days.
The gold spread betting market is at $1654 at the time of writing and the bulls will want to test yesterday's highs around $1676. At the same time, in the near term they'll be hoping support around $1630 will hold up.
The mass shake out earlier this week will have interested many people who've been waiting for a sharp correction like the one we saw so they could go long.
For now the long term uptrend is still very much intact so a test of the all time highs in the future should not be ruled out.
Price Update:
- Brent Crude Oil / UK Oil (November) closed yesterday at $107.14
- WTI Nymex / US Oil (November) closed yesterday at $84.45
Spread Betting Commodities Futures Market Review, 27 September 2011
With uncertainty about European debt potentially threatening to push the world back into recession, investors would usually expect to see risk averse market participants piling into safety havens such as gold.
This was not the case in yesterday’s session, where it appeared the favourite asset was cash as near future liquidity issues were on the minds of traders.
After plummeting to an intraday low of $1532.0, gold settled at $1627.3 and this morning it’s trying to claw back some of the recent losses as it trades at $1623.0.
With fear of repeating myself, there is still doubt over future oil demand as the US economy’s future still looks bleak and this caused Brent crude oil to dip down to $101.65.
Nevertheless, a rebound in the equity markets and a weakening US Dollar late in the session helped crude to just pass the halfway line and close in positive territory at $104.95. At time of writing it’s still on the climb, trading at $105.29.
Spread Betting Commodities Futures Market Review, 26 September 2011
Gold is the fall guy today and, at the time of writing is at $1592, a good bounce off its lows from earlier though.
This $250 decline since Thursday has the feeling of a bubble being popped but even still the long term upward trend still remains intact.
The yellow metal was heading for its worse two-day drop since 1983. It’s a difficult one really, because when do you think enough is enough and buy the dip?
Either way, for most, it will always be seen as a safe haven, so who knows how much longer it will be before some think enough is enough and dip a small toe in?
Price Update:
- Brent Crude Oil / UK Oil (November) closed last week at $103.97
- WTI Nymex / US Oil (November) closed last week at $79.85
Financial Spreads » "With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." » read Financial Spreads review.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading 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.
'Spread Betting Commodities Futures Market Review' by DB, updated 07-Oct-11
For related pages also see:
UK Commodity Spreads, updated 22-Mar-13
UK Commodity Spreads - The banking crisis in Cyprus is far from being resolved. If anything, it is getting worse. So in the commodity markets, it came as no surprise to see gold futures...read article: UK Commodity Spreads.
UK Commodities Spreads, updated 08-Mar-13
UK Commodities Spreads - In commodities spreads, gold gained $9.3 yesterday and still trading within a narrow range. Online spread betting investors are keen to see what stance the major central banks will...read article: UK Commodities Spreads.
Commodity Futures Financial Spread Betting, updated 22-Feb-13
Commodity Futures Financial Spread Betting - In commodities spread trading, gold resumed its plunge on the back of increasing optimism that the economy is getting better and inflation is not just around the corner. However, the...read article: Commodity Futures Financial Spread Betting.
Commodities Futures Financial Spread Betting, updated 08-Feb-13
Commodities Futures Financial Spread Betting - Demand for the US dollar was boosted as ECB concerns over the euros recent strength worried the investing community. That easily spilled into the energy complex, sending US crude oil prices...read article: Commodities Futures Financial Spread Betting.
Commodity Financial Spread Betting, updated 25-Jan-13
Commodity Financial Spread Betting - In commodities trading, the gold market remains in a short-term buying mood and we are approaching the $1,700 level once again. Bulls may seem to have control for...read article: Commodity Financial Spread Betting.
Commodities Financial Spread Betting, updated 11-Jan-13
Commodities Financial Spread Betting - The gold spread trading market tumbled by $22 yesterday as Federal Reserve policy makers expressed their conviction that the easing stance might have end sooner than...read article: Commodities Financial Spread Betting.
Commodity Futures Spread Betting 2012, updated 14-Dec-12
Commodity Futures Spread Betting 2012 - In commodities spread betting, gold saw its biggest fall of the week so far, with the same fears that time will run out for US politicians weighing on the precious metal. The drop of $14.00 to...read article: Commodity Futures Spread Betting 2012.
Commodities Futures Spread Trading 2012, updated 30-Nov-12
Commodities Futures Spread Trading 2012 - In commodities futures trading, crude oil suffered from a second day of falls. This largely came on the back of forecasts for US crude oil inventories to increase and the apparent...read article: Commodities Futures Spread Trading 2012.
Commodities Spread Betting Library, updated 17-Apr-13
A range of commodities trading articles with analysis, commentary and the major market moving news. The commodities spread betting features focus on the gold and crude oil futures markets as well as...read article: Commodities Spread Betting Library.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
