Playlist: Henry Hub Natural Gas - Apr 2019

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Oil market continues to be mixed: Hansen
Ole Hansen
21 September 2016 at 14:05 GMT
Oil looks to Opec for direction: Hansen
Ole Hansen
02 June 2016 at 9:30 GMT
Oil, gas and why commodities are on fire
Ole Hansen
17 April 2015 at 11:51 GMT
Hansen: Twin trading tracks for oil and gas
Ole Hansen
27 February 2015 at 13:53 GMT
Hansen: Where's the floor in crude prices?
Ole Hansen
14 November 2014 at 14:04 GMT
Hit the gas! Deep freeze warning sparks price spike
Ole Hansen
07 November 2014 at 11:42 GMT
Garnry: My essential equity trades for Q4
Peter Garnry
07 October 2014 at 9:20 GMT
Rising dollar hits commodities like gold
Ole Hansen
05 September 2014 at 12:54 GMT
Hansen: The cost of conflict in commodities
Ole Hansen
29 August 2014 at 13:22 GMT
Trading copper's comeback and gold's nervous moves
Ole Hansen
22 August 2014 at 12:20 GMT
Lambert: Gas deflating after Triple Top pattern
Clive Lambert - FuturesTechs
10 July 2014 at 6:45 GMT
Insights 2014 Q3 Equities Outlook: Solar future
Peter Garnry
08 July 2014 at 9:05 GMT
Shale gas and the transformation of energy markets
Angus Walker
07 July 2014 at 12:49 GMT
Why commodities like coffee are steaming ahead
Ole Hansen
04 July 2014 at 7:26 GMT
What next for oil and gas as global tensions rise?
Ole Hansen
16 June 2014 at 14:03 GMT
Video / 29 August 2014 at 13:22 GMT

Hansen: The cost of conflict in commodities

Ole Hansen
The crisis around Ukraine has affected commodity prices this week. The possible risk to supplies of gas from Russia and wheat from the Black Sea pushed them higher. The US also helped to raise energy sector prices. Copper and other industrial metals, however, suffered because of further economic sanctions. Saxo’s Ole Hansen says that overall the Bloomberg Commodity Index rose by almost 1% which was the best weekly performance in more than two months.

US natural gas and WTI crude helped boost the energy sector. WTI still outperformed Brent crude this week although the latter appeared hardly affected by rising geopolitical tensions. Hansen warns that the problem for Brent is still oversupply, in part because the US doesn’t currently need foreign oil. He also says that overall the market is pointing to lower prices. He suggests that if Brent moves up to USD 104.25 per barrel he’d sell but with a stop above USD 105. 

With Russia and Ukraine among the biggest exporters of wheat, the ongoing tensions there have hiked the price. Hansen says wheat has created a floor below 550. Geopolitical risk could trigger some additional short covering from funds still holding near record net short position.

While industrial metals have dimmed this week, precious metals have just about kept their shine. They’ve held above key support levels, helped in part by geopolitical uncertainties. Hansen says gold is range bound at the moment so if it moves down to the lower end 1273 he says that’s a good buy. But he warns that if there’s a move back above 1300 there won’t be much upside above 1310. He suggests looking to sell into rallies above 1305.


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