差价合约 (""CFDs"") 是复杂工具,并且由于杠杆作用而资本迅速亏损的风险很高。在与该提供商交易差价合约时,82%的零售投资者账户会亏钱。您应该考虑是否了解差价合约是如何运作的,以及您是否有能力承担损失金钱的高风险。
损失可能超过您的存款

Commodity Wrap - Oil, Natural Gas, Corn, Cocoa

下午8:34 2019年1月16日

In this week’s commodity wrap we present you 4 markets that look interesting or/and have posted some major price moves: Oil, Natural Gas, Corn, Cocoa.

Oil:

Start investing today or test a free demo

开设真实账户 试用模拟 下载移动应用 下载移动应用
  • Saudi Arabia sees a 1.2 mb production cut agreed on by OPEC+ as enough to stabilize the market

  • Simultaneously, Saudis are disappointed with the pace of production cuts in Russia

  • The US is mulling not extending waivers on purchases of Iranian oil once the initial 6-month exemption ends

  • Chinese crude oil imports rose 10.1% YoY in 2018

  • Forecasts concerning Norwegian oil output in the next couple of years deteriorated recently

Imports of Iranian oil may fall further in case the United States decide not to extend waivers. Source: Bloomberg

Shrinking supply may allow oil prices to add to previous gains. Source: xStation5

Natural Gas:

  • Declines in natural gas storage expected to be smaller than 5-year average

  • Initial estimates hint that cold temperatures may return in February

  • Short- and medium-term weather forecasts suggest that average temperature may be lower than in the previous years

  • Price may continue upward move towards 4 USD handle but it is unlikely that new local highs will be achieved due to booming production

  • Futures curve suggest further downside in the months to come

Futures curve hints that natural gas prices may be subject to the downward pressure in the months to come. Source: Bloomberg

Changes in gas storage hinted at price declines as of late. Currently, expectations do not point at major declines in storage as well, therefore its seems unlikely that we will observe any major upward move. Source: Bloomberg

NATGAS prices rebounded. The price may continue an upward movement in case February indeed turns to be colder than in previous years. However, major upward price movement is unlikely to occur due to robust production. Source: xStation5

Corn:

  • Strong resistance level spotted in the vicinity of 390 cents handle, downward sloping trendline runs near 400 cents mark

  • Important support level can be found near the 50% Fibo level of the latest major upward impulse, key support level at 350 cents per bushel (61.8% Fibo level and ascending trendline)

  • Amount of open positions on corn is increasing, speculators more positive towards commodity

  • Price should moderately move higher according to seasonal patterns

Open interest on corn is increasing what bodes well for the future. Source: Bloomberg

Seasonality hints a rebound lasting until late-spring. Source: Bloomberg

Price pulls back from the vicinity of 390 cents handle but medium-term outlook for corn remains positive. Source: xStation5

Cocoa:

  • 2018 was the best year ever for cocoa prices

  • European cocoa processing increase by 1.6% YoY in the fourth quarter of 2018

  • Cocoa processing in Asia declined but solid advance was spotted in Malaysia (+22.5% YoY)

  • Lack of rains should support prices over the short term

  • Net speculative positioning hints at potential further price increases

Speculators remain positive about cocoa suggesting that price increases are about to come. Source: Bloomberg

Cocoa price pulled back significantly at the beginning of this week. Nevertheless, the drop should be halted before price visits 2100 USD area. Source: xStation5

share
back
Xtb logo

加入来自世界各地超过
935,000 名投资者的行列

我们使用cookies

点击“全部接受”,即表示您同意在您的设备上存储 cookies,以增强网站导航、分析网站使用情况并协助我们的营销工作。

这组包含我们网站运行所需要的 cookies。 它们参与语言偏好、流量分配或保持用户会话等功能。 它们不能被禁用。

Cookie名称
描述
SERVERID
userBranchSymbol 抄送 2024年3月2日
adobe_unique_id 抄送 2025年3月1日
SESSID 抄送 2024年3月2日
__hssc 抄送 2022年9月8日
__cf_bm 抄送 2022年9月8日
intercom-id-iojaybix 抄送 2024年11月26日
intercom-session-iojaybix 抄送 2024年3月8日

我们使用工具来分析页面的使用情况。 此类数据使我们能够改善网络服务的用户体验。

Cookie名称
描述
_gid 抄送 2022年9月9日
_gat_UA-69161842-1 抄送 2022年9月8日
_gat_UA-121192761-1 抄送 2022年9月8日
_ga_CBPL72L2EC 抄送 2026年3月1日
_ga 抄送 2026年3月1日
__hstc 抄送 2023年3月7日
__hssrc

这组 cookies 用于向您展示您感兴趣的主题的广告。它还可以让我们监控我们的营销活动,它有助于衡量我们广告的效果。

Cookie名称
描述
MUID 抄送 2025年3月26日
_uetsid 抄送 2024年3月2日
_uetvid 抄送 2025年3月26日
hubspotutk 抄送 2023年3月7日

这组的 Cookies 存储您在使用该网站时提供的偏好,以便您在一段时间后访问该页面时它们已经存在。

Cookie名称
描述

此页面使用 cookies。 Cookies 是存储在您的浏览器中的文件,大多数网站都使用这些文件来帮助您个性化您的网络体验。 如需更多信息,请参阅我们的隐私政策您可以通过点击“设置”来管理 cookies。 如果您同意我们使用 cookies,请单击“全部接受”。

更改区域和语言
居住国家
语言