Cotton Continues to Move Lower This Week
Prices for No. 2 cotton currently trading on the ICE (Intercontinental Exchange) are trading significantly lower than last week’s average.
Frozen concentrated orange juice (or FCOJ-A) futures this week were trading broadly lower compared to the levels a week ago.
As of July 11, 2017, cocoa futures trading in the United States and London were lower than the levels a week ago.
Natural Gas Prices Hit Key Resistance of $2.90 MMBtu
August natural gas futures contracts trading on the NYMEX resumed their rally on Thursday, July 15, 2015.
August natural gas futures contracts increased by 2.71% and closed at $2.91 per MMBtu on Wednesday, July 15, 2015.
WTI crude oil futures contracts for August delivery closed below $52 per barrel for the first time in the last five days on July 15, 2015.
Permania: Why the Permian Is Where the Party’s At
Why is everyone talking about the Permian? The Permian Basin is primarily located in West Texas with a small part spilling into the southeastern corner of New Mexico. This basin measures…
JAN VAN ECK: U.S. equities were affected because corporate earnings turned positive only when energy companies started recovering in the third quarter. In fixed income, high yield improved after investors…
The S&P 500 Energy Select Sector (XOP) (OIH) is trading at the highest PE ratio of ~32x relative to the other sectors based on EPS estimates for 2017.
Gold at Lowest since May: What Led to Fall?
Gold prices dropped to their lowest since May on Thursday, December 7. Gold futures for January expiration fell 1% for the day and ended at $1,251.4 an ounce.
All four precious metals have seen downward price movements over the past five trailing days. Gold, silver, platinum, and palladium have fallen 1.5%, 3.7%, 4.1%, and 0.83%, respectively.
Often, gold, silver, platinum, and palladium react to the overall risk in the market.
Direxion’s Opportunities in Beaten-Up Sectors
Some sectors have gotten downright spooky As we move into the season of Pumpkin Spice Lattes, many sectors in the market have given investors more treats than tricks this year.…
62.5% of analysts rate NGL Energy Partners a “buy,” 12.5% rate it as a “hold,” and the remaining 25.0% rate it as a “sell.”
In this series, we’ll look at four American upstream energy companies’ production trends over the last few quarters.