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 / 05 September 2014 at 12:54 GMT

Rising dollar hits commodities like gold

Ole Hansen
After last week’s rise, the Bloomberg Commodity Index has fallen this week by more than 1%.
A number of factors are to blame, most notably the rise in the US dollar following the ECB’s interventions on rates and bonds. Saxo’s Ole Hansen points out that commodities are usually traded in dollars so as the currency goes up, the commodity falls in order to maintain competitiveness.

Take wheat, corn and soybeans which all made new lows for this cycle. Hansen says that the expectation that there will be a record harvest in the US combined with a rising dollar has meant momentum remains negative. There isn’t much upside for the price at the moment, he warns.

Gold too is being hit by the dollar as it remains stuck in a downtrend. Hansen’s advice for traders is to look for support towards 1240 USD/oz. He says: “Retracement will be met with resistance at 1276 while a move above 1280 could signal signs of strength returning.”

The energy sector has lost almost 2%, with natural gas down 5.5% on the week. Hansen says over the past few days inventory levels were higher than expected sending the price lower with good weather also playing a part. In terms of crude, there’s been some volatility following talk of a ceasefire in Ukraine. He notes that there is little appetite for selling Brent below 101.


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