Explore Special Offers & White Papers from AFS

Energies Mixed


While energy demand fears are not a dominating force to start today, infection headlines from Australia and California, weakness in global equities and very disappointing German industrial production readings give the bear camp a slight edge. With the crude oil futures adjusted for the gains since the last COT report was measured potentially at the highest long level since September 2018, the market is certainly technically vulnerable to a slight distraction from the bullish supply and demand views in the marketplace recently.


We remain skeptical of the bull case in natural gas but an extension of much above normal temps throughout the US out to July 20th, lower US lower 48 states production readings and a residually low US rig operating count clearly has the market in a short covering mode. On the other hand, short-term demand from very hot temperatures throughout the continental US certainly provides speculative headline type buying interest, particularly with the hot weather already entrenched over a series of 5 days.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today