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Energies / Bio-Diesel Prices Break

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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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                #31
                Originally posted by AlbertaFarmer5 View Post
                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.
                Interest rates better drop in half before that happens?

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                  #32
                  Everything in the red (commodities / equities) ahead of Powell rate hike announcement today.

                  Market is telling central bankers clearly . . . 'knock it off' with your rate hikes. You are killing business and the overall economy. This could be the Powell Bomb-out day . . . we'll all know soon.

                  Central bank policy terrible, only reactionary, no forward thinking.

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                    #33
                    Natural gas price AECO storage hub price Suffield now around $2.90 per gigajoule.

                    Nat gas futures from $2.50 to $10, back to $2.50 per MMBTU in just 22 months.

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                      #34
                      It's a recession and energy markets are in sick bay . . . .

                      Good news; Diesel prices continue to slide.

                      Canola standing tall, considering the fallout across energies. Corn drifting gradually lower on ethanol weakness.

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                        #35
                        You can’t give away natural gas in Europe right now, let alone try to sell it. Crude oil traders must be taking note.

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                          #36
                          Diesel prices continue to tank.

                          Futures down 15% since new year. Recent futures $3.40 per gallon to $2.80 per gallon this week. Major longterm support seen @ $2 per gallon.

                          Media hasn’t said much about this, guess it’s not news . . . .
                          Last edited by errolanderson; Feb 10, 2023, 06:42.

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