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Money Managers

COT Black: Bad News For Jerome, Swap Dealers Seem Really Convinced

By |2017-12-07T16:37:37-05:00December 7th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US domestic stocks of crude oil continue to be quite high and now the futures curve is only a few pennies in the front month contract from being fully backwardated again. Contango is gone, which suggests that oil market is in sight of achieving some measure of balance. That anticipated equilibrium, however, is registering at less than $57 rather than [...]

Commitment of Traders: Crude Confounding Confusion

By |2017-08-18T17:18:44-04:00August 18th, 2017|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The price of oil can’t seem to climb out of the $40’s despite a lot going for it at the moment. Oil prices matter right now as much as three years ago when they signaled serious trouble ahead. For them to get above $50 and then continue on would indicate for a lot of important places what everyone has expected [...]

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