Written Commentary
CRUDE OIL
In retrospect, the corrective action following last week’s spike high has probably improved the bull’s case to start the new trading week. Obviously, a global risk on psychology is providing lift to energy and commodity prices to start the new trading week with most headlines trumpeting the potential for improved energy demand from vaccination optimism.
NATURAL GAS
With the gap up, range up highest trade since December 3rd in the early going today, it-would-appear that the gas market is putting aside a very long list of bearish fundamental issues. However, some traders are touting a colder shift in US weather and UK gas prices are also strong today because of cold weather.
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