After regaining some strength at the end of last week, crude oil opened this week on a stable note. Crude oil prices are stable in the early hours on May 9.
NRG Energy (NRG) has risen 2% in the past year. It also has the highest implied volatility of all the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
On May 5, Scana (SCG) had a short-interest-to-equity float ratio of 5.2%, the highest among the utility stocks that make up the Utilities Select Sector SPDR ETF (XLU).
On May 5, 2017, NRG Energy (NRG) had the highest implied volatility among the stocks in the Utilities Select Sector SPDR ETF (XLU).
As global tumult grips markets and investors turn to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to precious metals.
The RSI levels of our four select mining giants have all increased lately due to their higher stock prices.
Although precious metal funds and mining companies have seen scaling prices overall in 2017, the past month has been choppy.
Gold and silver both dumped 1.6% and 1.5%, respectively, on May 4, while platinum and palladium rose 0.37% and 0.17%, respectively.
On the basis of a normally distributed bell curve, natural gas June futures could close between $3.12 and $3.42 per MMBtu in the next seven days.
On May 5, 2017, WTI crude oil June futures closed at $46.22 per barrel. So, it will be difficult for US crude oil to regain the $50 mark.
Between April 28 and May 5, 2017, US crude oil (USO) (OIIL) (USL) (SCO) June futures fell 6.3% and natural gas (BOIL) June futures fell 0.3%.
US non-farm payrolls data could be an important driver for the US dollar (UUP) (USDU). Employment data impact the Fed’s interest rate decisions.
WTI (West Texas Intermediate) crude oil June futures closed at $46.22 per barrel on May 5, 2017—a 1.5% rise from the previous trading session.
Potash fertilizers have taken a beating in recent weeks. Prices moved broadly flat to negative week-over-week for the week ended May 5, 2017.
For the week ended May 5, 2017, the Fertilizer Affordability Index fell slightly to 0.57x, compared to 0.58x the previous week.
Overall, DAP prices at four locations fell 86 basis points week-over-week. Prices at the US Gulf NOLA fell 128 basis points week-over-week to $279 per metric ton.
MAP prices, particularly in Brazil, have been seeing a weakness lately after reaching a peak of $400 per metric ton a couple of weeks ago.
While lower natural gas prices on the back of abundant availability provide positive direction for these companies, pressures from China remain an issue.
If you track urea prices, you know that they’ve been falling in recent weeks. Last week was no different.
At ~65.2%, the VanEck Vectors Oil Services ETF (OIH) showed the highest correlation with US crude oil between April 4–May 4, 2017.