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Energies / Bio-Diesel Prices Break

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    #21
    China’s COVID mess is not good for commodities.

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      #22
      Originally posted by errolanderson View Post
      China’s COVID mess is not good for commodities.
      Protests are erupting all over China , they have had enough

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        #23
        Originally posted by errolanderson View Post
        China’s COVID mess is not good for commodities.
        Short-term. But what if they succeed? What does that do for demand long-term? There are a lot of rumors floating around that part of the reason for the lockdowns in China is that the cupboards are bare, so this is a way to stifle demand. What if that turns out to be true and gets revealed throughout this process?

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          #24
          China / Hong Kong stock markets plunging. Japan / Korea markets under heavy selling. WTI oil breaks $75 per barrel . . . China protests.

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            #25
            Crude oil appears rolling over. Gasoline and diesel under pressure. Europe in recession, demand dropping.

            Energy bulls holding on by-a-thread . . . .
            Last edited by errolanderson; Jan 30, 2023, 22:41.

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              #26
              Why the rebound in lumber futures, new builds and renovations stalled you would think.

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                #27
                OPEC is 1 million barrels a day lower on production then they are allowed. That’s got to be keeping oil prices up

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                  #28
                  Originally posted by rumrocks View Post
                  Why the rebound in lumber futures, new builds and renovations stalled you would think.
                  A confluence of technical indicators brought in buyers.

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                    #29
                    Originally posted by rumrocks View Post
                    Why the rebound in lumber futures, new builds and renovations stalled you would think.
                    A lot mills shelved production. A lot of production

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                      #30
                      Originally posted by rumrocks View Post
                      Why the rebound in lumber futures, new builds and renovations stalled you would think.
                      They say that the lumber market is typically one year forward looking. The market is expecting housing starts and the economy to be on the way up within a year.
                      Apparently has a good track record.

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