So far in 2013, commodity markets have had a troublesome year, with many analysts speculating that the epic commodity boom seen in recent years is finally over. On the equity side, however, major commodity producers have benefited from this year’s bull run, logging in double- and triple-digit gains. Oil and gas producers in particular continue to come out on top, while precious and industrial metal miners struggle to stay out of the red. But on this Thanksgiving Day, it is perhaps most appropriate for us to reflect on those commodity producers we’re particularly grateful for [for more commodity news and analysis subscribe to our free newsletter].
Though many day traders base their decisions on technical trends, savvy commodity traders also incorporate factual fundamental reports into their research to ensure that they are on the right side of the trade at all times. For energy traders, the data and outlook provided by the U.S. Energy Information Administration (EIA) are some of the most important reports to follow [for more commodity news and analysis subscribe to our free newsletter].
Buyers remain in the driver’s seat with the gas pedal to the floor. Hopeful bears were rudely reminded of the main price driver at hand last week when new Fed Chairwoman Yellen managed to bolster markets higher after she reassured investors that monetary policy will remain accomodative for the foreseeable future [for more commodity futures news and analysis subscribe to our free newsletter]. Amid the ongoing “No-Taper” rally at home, many remain hesitant to jump in long ahead of the silently approaching federal government funding deadline on January 15th, 2014. As such, below we highlight two commodity stocks that may offer an attractive short selling opportunity for those looking to bet against some of the stellar run-ups already seen across Wall Street.
As we near the end of earnings season there are still a few firms that have yet to disclose the results of their most recent fiscal quarter. Thus far, the season has been somewhat mixed; there have been some big misses and some big wins that have caught the Street’s attention. The coming week will see the energy space heat up, with a number of smaller MLPs slated to report in the coming five days [for more commodity news and analysis subscribe to our free newsletter].
This bull is still raging. Major equity indexes continue to drift higher following the Fed’s decision last week to hold off from scaling back bond-repurchases. Although bullish forces have prevailed since this decision, it’s clear that market participants were disappointed with the fact that the Fed’s policy statement made no mention of the government shutdown as evidenced by the negative, volatile performance on 10/30/2013; this has led many to believe that because the Fed made no mention of the shutdown, it is signaling that it will proceed with the taper at the next meeting [for more commodity futures news and analysis subscribe to our free newsletter].