Fresh from the Trading Room: Hot and Cold
The opinions expressed in this report are those of Inspirante Trading Solutions Pte Ltd (“ITS”) and are considered market commentary. They are not intended to act as investment recommendations. Full disclaimers are available at the end of this report.
Executive Summary
Renewed volatility, coupled with a series of disappointing data releases, has stoked recession fears. The price trends observed in gold, copper and iron ore collectively suggest a slowdown in economic activities, potentially leading to softer demand for crude oil and a generally negative market outlook. Opportunities are emerging in the energy markets, nevertheless, from natural gas, crude oil, to gasoline, given the nuanced interplay of these commodities, seasonality and political developments.
Subscribe to get the latest updates
Upcoming economic events (Singapore Local Time):
Markets in focus
Figure 1: Gold Futures to Copper Futures Ratio (Weekly)
Figure 2: Crude Oil and Iron Ore Futures (Biweekly)
Figure 3: Natural Gas Futures Calendar (Nov24-Jan25 & Jan25-Apr25)
and Butterfly Spread (Nov24-2*Jan25+Apr25)
Figure 4: Natural Gas Futures Winter Butterfly Spread for 2022/23, 2023/24 and 2024/25 (Nov– 2*Jan + Apr)
Figure 5: Natural Gas Futures to Heating Oil Futures Ratio (Weekly)
Figure 6: Crude Oil Futures to Gasoline Futures Ratio (Weekly)
Our market view
How do we express our views?
Connect
Keep up with Fresh from the Trading Room on LinkedIn or Twitter
Subscribe to Fresh from the trading Room
Keep up with the latest expert analysis from Fresh from the Trading Room, produced by Inspirante Trading Solutions. Create a free CME Group account and/or sign in today to view the most recent report.
By clicking above, you are subscribing and agreeing to receive the specified content. I understand that I can unsubscribe at any time.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
