Live Stream Commodity Commentary
Carley Garner, futures and options broker with DeCarley Trading, live streams opinions,
analysis, and insight into futures markets such as gold, crude oil, corn, soybeans, Treasuries, the E-mini S&P and more.
We went live to look at WTI crude oil futures
With crude oil futures on the move we are compelled to offer our thoughts on the subject, but don’t expect any bold directional opinions. The oil market is a major turning point in which the direction is even less predictable than usual. Additionally, we could see oil simply settle into a $10.00 range for the time being. That said, given weak seasonal tendencies by mid-October, we must believe any short-term strength the market might muster in the coming weeks will be short-lived. Let’s look at some of the mixed signals we are seeing in West Texas Intermediate crude oil futures traded on the NYMEX (New York Mercantile Exchange) division of the CME Group.
We went LIVE to discuss the 10-year note futures
Seasonality and the COT Report suggest Treasury futures could be rolling over sooner rather than later.
We were early to begin doubting the Treasury rally, we know that. But we can’t help but believe the bond market has gotten ahead of itself. Overseas buyers seeking yield and domestic buyers seeking safety from a recession that might not materialize have pushed the Treasury market to levels that appear to be unsustainable.
Further, the September Treasury futures are going into expiration, which often exaggerates these types of moves. With the first notice day looming, there is a probable chance the landscape changes in the coming weeks. If you are unfamiliar with first notice day, it is the deadline in which futures traders who are long the market must be out of positions to avoid the risk of receiving a delivery notice (obligation to take delivery of the underlying asset) from the futures exchange. First notice days are notorious for ending dramatic trends in many of the commodity markets. Let’s look at a few things that could break the Treasury market sooner rather than later.
The gold futures market appears to be running out of buyers
Technical oscillators and the Commodity Futures Trading Commission's Commitment of Traders Report agree, the gold futures market is overbought. Will we get a correction?
- We went LIVE: Natural gas futures speculators could be too short.
- We went LIVE to discuss the currency futures markets
- We went LIVE to discuss the S&P 500
- We were LIVE talking about the Bloomberg Commodity Index and Fed Funds Futures
- We went LIVE to chat about natural gas futures
- The S&P 500 and Grain futures are trading inversely, something has to give.
- Live Futures Market Update: Are corn futures due for a seasonal bottom?
- We went LIVE to discuss NASDAQ 100 Futures and WTI Crude Oil
- We went LIVE to chat about the 10-year note futures contract
- Coffee futures could be turning around soon, drink up.
