Crude oil Hitting a 3 years high as US crude inventories fell US crude inventories fell more than expected geopolitical tensions weighed on overall OPEC supply cuts agreed US crude inventories – US crude rose to $63.4 a barrel and the Brent crude hit $69.3 Oil prices continued to rise on Wednesday after EIA […]
Commodities Forecast, Technical Analysis & News
From the orange juice, we drink to the gas we use to power our vehicles and heat our homes,commodities play important roles in our daily lives. They can be found literally all over the world and can be traded on the global marketplace as part of a diversified investment portfolio. In fact, billions of dollars are invested in commodities every day.
While they can be traded on either spot (real-time) or futures (options) markets, most individual commodities are traded in the form of futures, where what is being traded is not the commodity itself but rather a contract to buy or sell it for a certain price by a stated date in the future. This carries the potential for wild market fluctuations, but it also offers exciting opportunities for investors willing to ride out market volatility in anticipation of rewards.
Like any investment, the goal in commodities trading is to buy low and sell high. The difference with a commodity is that they are highly leveraged and trade in contract sizes instead of shares. What’s more, investors can buy and sell positions whenever the markets are open, so there’s no chance of waking up one morning to find 10,000 bushels of corn on the front lawn. (Commodities can make investing in gold, oil or grain an easier prospect. Find out more in Commodity Funds 101.)
United States Crude Oil Stocks Change Week ended December 29th crude oil in the United States fell by 7.419 million barrels 4.609 million drops in the previous period . Crude Oil Stocks Change in the United States averaged 0.05 BBL/1Million Crude Oil Stocks Change – gasoline inventories went up by 4.813 million, INSIGHT Crude Oil […]
Canadian Dollar forecast & technical analysis USDCAD mildly bearish Jan 3 The pair is trading at 1.2536 The pair traded at a high of 1.2547 and a low of 1.2500 expected to its find support at 1.2503 USDCAD mildly bearish – Consumer prices in Canada increased 2.1 percent year-on-year in November INSIGHT USDCAD mildly bearish The […]
Crude Oil Insight WTI slightly higher Dec 29 Oil is trading at $60.11 Crude oil witnessed a high of $60.32 and a low of $59.82 support level is seen at $59.59 WTI slightly higher – EIA indicated a fall of 4.6 million barrels in the US crude oil stockpiles Crude Oil Insight The commodity is […]
Gold Price Insight XAUUSD pushed higher Dec 29 Gold is trading at $1298.90 precious metal traded at a high of $1299.70 and a low of $1296.10 support level is seen at $1293.23 XAUUSD pushed higher – Yesterday, gold traded 0.22% higher in the New York session Gold is trading at $1298.90 per ounce at 10:40 […]