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  • Article / 14 July 2017 at 13:31 GMT

    WCU: Oil and gold higher as shorts take cover

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Oil and gold higher as shorts take cover
    The commodity sector got a lift as the US dollar weakened further. Short-covering in energy and precious metals helped offset a sharp reversal in grains as recent weather concerns eased. Oil and gold recovered despite multiple headwinds, with the behaviour at key resistance above likely to determine the short-term direction of both commodities.
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    1d
    axelbp2 axelbp2
    Spain and I always try to invest in opciones binarias https://www.opcionesbinarias.site/ (from here to find regulated brokers),
  • 09 July
    Pandorra Pandorra
    Hi Ole. Could you please take a look on cocoa please. Had it been plunged enough for buyout calls, or still not. Thank you.
  • Article / 03 July 2017 at 8:00 GMT

    COT: More commodity selling as short-covering risk rises — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Hedge funds' selling of commodities continued in the week to June 27 despite seeing early signs that fundamentals are beginning to turn more favourable. Extended short positions in oil, soybeans, coffee and sugar helped drive these futures higher during the week. Gold and silver remained under pressure as traders reacted to hawkish central bank comments.
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    03 July
    Ole Hansen Ole Hansen
    Funds cut bullish Brent crude oil bets by 29,000 lots to 200,000 lots, a 17-month low in week to June 27. The gross-short hit fresh record.
    Total oil...
    03 July
    matsuri matsuri
    great,waiting for short covering rally. this week would be good opportunity to this. US market closed on 4th. some traders will have holidays by end of week,...
    03 July
    Market Predator Market Predator
    Hello Ole. Is it possible to assume except short covering on Oil also to return of active Bulls, because of driving season? I believe this might be...
  • Squawk / 03 July 2017 at 6:42 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Soybeans and wheat have both extending the gains seen following the USDA acreage and stock reports on Friday. Farmers increased the corn acreage at the expense of soybeans and wheat.
    Soybeans' surge higher was driven by short-covering after funds increased the gross-short to a record 193k lots in the week to June 27. Wheat, already on the run due to deteriorating crop conditions, received an additional boost from the lower than expected acreage.
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  • Squawk / 27 June 2017 at 6:30 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    US crops rated good to excellent last week showed another decline in spring wheat to 40%, the lowest reading for this week since 1988. Corn was unchanged at 67 while soybeans dropped 1% to 66% against an expected rise. Cotton meanwhile dropped to 46% from 50% but stays above the 5-year average.
    All crops trading a tad higher this morning with wheat potentially the best supported following a near 50% correction of the June rally from $4.6 to $5.1
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  • 26 June
    Market Predator Market Predator
    MP is glad you're back in Denmark, Sir. Congrats to your APAC mission.
    26 June
    Ole Hansen Ole Hansen
    Thank you very much MP. Good to be back
  • Squawk / 20 June 2017 at 3:27 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The weekly health check on US key crop conditions as of June 16. Corn was flat, soybeans improved, cotton fell back towards last years level while spring wheat conditions deteriorated further
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