FlowBank

309 days ago

Hedge funds are now massively net short gasoil futures #oil #trading $USO $XLE $QQQ

 In the last five years, managed money has been net short oil only three other times by this much: Late 2018, COVID (3/20), and late-2020. In all 3 cases, a big oil rally followed. It will be interesting to monitor if this again oil rebounds. Meanwhile it does seem that OPEC+ is not looking to make further production cuts, but perhaps there could be other positive catalysts brewing on the horizon.

#Commodities

312 days ago

#Oil & Oil #Stocks Hit the Brakes $USO $XLE #trading #fx

Oil and oil stocks traders are hesitant to buy dips (in size) due to supply and demand uncertainty. The debt-ceiling overhang may also likely be a contributing factor for what appears to be thin volumes.

#Stocks #Commodities

316 days ago

#Oil rebounds on signs of no #recession #oil #fx #trading #forex

WTI Crude Oil gained 2.3% Monday after it gained momentum following the strong US jobs report, which beat expectations and strengthened the soft landing case for the US economy. Traders stepped in to buy the dip. 

#Forex #Commodities

319 days ago

#Gold Surges on #Banking Stress $GLD #trading #fx #forex #crisis

Gold traders are kept busy as gold surges on banking stress and a weakening dollar. The yellow metal is seeing persistent dip buying behavior as traders adopt the view that demand above $2000/oz will remain strong amid banking stress and overall strong investor demand, including buying by central banks globally. Will gold finally break lower or have we entered new normal where gold remains above $2k/oz? 

#Commodities

341 days ago

#Oil is stuck in a trading range. Here are the catalysts #trading #fx $USO

WTI Crude oil has rebounded strongly for 3 reasons. (1) First, supply is restricted in the medium term given OPEC+ vowed to cut further production. This comes on top of the reduction by Russia. (2) Secondly, global demand is not coming off track and we would need to see a sustained downward path in economic growth, which is not the case. (3) Third, the dollar has lost so much since November 2022, that the lower dollar is helping support oil prices. This should be a net negative for the overall stock market as it stimulates inflation. For instance, average retail gasoline prices climbed 8% since the end of February. April data could be worst given the recent surge. 

#Forex #Commodities
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