Month: January 2014

US Natural Gas Update

Colder than normal winter conditions in the US Northeast and Midwest have resulted in above average natural gas storage drawdown during recent weeks. The following chart, courtesy of the US Energy Information Administration, provides a historical context for seasonal working

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Commodity Futures … A Look at the Big Picture

Every once in a while it makes sense to step back and take a look at the long term outlook for the commodity futures market. I prefer the Dow Jones UBS Commodity Total Return Index (DJUBSTR) for this purpose, given

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Crude Oil …. Testing Support Again!

Crude Oil futures (symbol: CL) are again testing critical support in the $92-94 range.  Prices are again challenging the long-run downtrend line which emanates from the 2008 high. Failure of this support range suggests a test of the $84-85 level

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