Edward Meir
Edward Meir
barrels center command front iranian issue market million oil per prospect
As long as the prospect of sanctioning 4 million barrels per day of Iranian oil is out there, the Iranian situation, in our view, will be the front and center issue that will command market attention.
funds popular rather searching seem
Commodities seem to be a rather popular alternative (to bonds, equities and the dollar) for funds searching for a trend.
looks test
A test of $6,000 now looks like it is around the corner.
increasing inventory latest markets odds remains seen situations three whether
It remains to be seen whether this latest really will be upstaged by this week's EIA inventory reports. We think not; the markets are grappling with three simultaneous geopolitical hotspots right now, increasing the odds that at least one -- if not all three -- of these situations will override the potentially bearish consequence of an inventory increase.
behind hard pinpoint price reasons
It's hard to pinpoint what the reasons behind yesterday's price surge were.
itself nigerian staying
The Nigerian problem, it seems, is transforming itself from a pesky, on-again, off-again, bottleneck to one with more staying power.
crisis entails given hearing higher involved market markets modest moving nature news nigerian possible potential relatively supply
The Nigerian news would typically not get much of a market hearing given the modest amounts usually involved and the relatively short-lived nature of disruptions. However, given the potential crisis with Iran, markets are moving higher on just about any news that entails a possible supply pinch.
across action case complex gas natural odd session trading
Sometimes one comes across an especially odd trading day when nothing much makes sense. Yesterday's session was a case in point, with the action in the natural gas complex being particularly puzzling.
bottom lots market orders selling sure
I am not sure where the bottom of this market is, but $4,650-a-tonne is very important. If that is broken, lots of selling orders will be triggered.
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The growth picture looks very solid. We're not seeing any slowdown at all in any of the major metal-consuming countries, despite higher energy prices and higher interest rates.
although bulls details emerge energy house white withhold
Although details have yet to emerge (prompting the White House to withhold comment) energy bulls are undoubtedly fretting.
heap iranian market remains situation terms top
The Iranian situation remains on top of the heap in terms of market concerns.