Iranians May Be Behind Pre‑War Crude Trades, Not Washington
Can you imagine if its actually the Iranians........ Everyone thinks it's Washington insiders trading Crude Oil right before significant price moving news connected to the war with Iran and Strait of Hormuz.
Oil Climbs $8, S&P E
WTI Crude Oil up $8, with the S&P E-Mini bouncing 50 points off the O/N lows, only down 38, my guess would have been closer to 100 given news and Energy Complex +5.68% .........
Dimes Surge as 10‑yr Yields Dip Below 4.25%
Tplex: Dimes also fired up this morning +23/32nd's 10 Yr Notes below 4.25% (4.238% -10.5 bp's)
Boost SPR Now to Hedge Future Conflict‑Driven Oil Spikes
The Strategic Petroleum Reserve (SPR) Approximate capacity 714M barrels Current Status 415M barrels Just a thought, next time military actions might have consequences that may disrupt or otherwise cause the prices of Crude, fuel, gas to spike, you should increase the SPR...
Debt Control Law Should Aim to Reduce, Not Expand
We need a debt control law where the objective is to shrink not grow it!
US Treasury Yields Slip, 10‑year Hits 4.334%
Tplex: UST Yields moving lower today.... Dimes +24/32's 110-29 10 Yr Notes 4.334% (-10.6 bp's)
Municipal Closed-End Funds Squeezed
Municipal Closed End Funds feeling the Rate complex heat of higher yields as well as credit risk pressures turning up.
Treasury Futures Surge: 3.5M Contracts Traded
Very Big Volume in Treasury Complex. Dimes (UST Classic 10 Yr Note Futures) have traded over 3.5 Million Contracts as of 1:40 pm EST.
WTI Crude Plummets $27 in Two Days
Yes, but there is more to it than just that..... such as the $27 spread in CLK26/CLK28 May 26 WTI Crude Oil Futures settled $98.23 May 28 WTI Crude Oil Futures settled $71.23
US 10‑Yr Yields Rise, 20‑Yr Near 5% Mark
UST 10 Yr Notes went home 4.386 on Friday, yield about 10.3bp's higher. 20 Yr Bonds just 2bp's away from that 5% Handle.
S&P 500 and June E‑Mini Breach Key Support, Risk Downside
Both S&P500 and S&P June E-Mini Futures looked to have violated levels that could lead to additional downside. https://t.co/lo2FDEAZl2
June S&P 500 E‑Mini Closes Below Key Line, Equities Risk
A close below the horizontal line shown below on the chart of the June S&P 500 E-Mini may not bode well for equities..... https://t.co/sQT9z0yJfP
Silver Futures Slip Below $77, Bearish Outlook Persists
Silver Futures: Down >$3.5 to the $77 handle. I feel like the lone or one of the few folks who have remained negative on higher prices (for now) based on a few different factors.
S&P 500 Poised to Retest Feb 2025 Highs
S&P 500 Index feeling a tad top heavy, if a couple of nearby lines of support get captured, it could set up a move back toward the the February 2025 highs (6,147) prior to the puke that took out...
May Futures Collapse, Open Interest Near Zero
Boolish Silver folks watching May Futures drop $3 and getting close to sub $80. If folks really really wanted more physical, they should have stayed long March Futures, the open interest is a measly 875 contracts vs 77,604 in May (FYI...
Shorts, Not Longs, Control COMEX Silver Deliveries
Silver: The truth about recent Deliveries........ only talking COMEX Guys are posting Bullish comments here regarding Silver deliveries, and folks wanting to take position of the Metal. I wonder if they understand the longs are not in control of the delivery...
Rate Pressure Drives Treasury Yields Higher
Tplex: Rate complex under pressure UST 10 Yr Notes 4.20% +6.5bp's Dimes 112-00+ down 14/32's
Extreme Backwardation Signals Temporary, Overdone Oil Price Spike
You didn't have to be a genius to look at the extreme backwardation in the Futures curve for crude oil to call the current price spike temporary, and overdone. #CrudeOil
Oil and Silver Futures Reclaim $80+ Levels
Oil and Silver Futures cross back over in the $80's. Can't make this kinda stuff up if you tried. April Crude $85+, May Silver $89+
Crude Oil Futures Likely to Stabilize Near $94
Crude Oil Futures could be unchanged soon $93.66 after the high of $119.48 kinda like that day in Silver Futures
Silver Futures +$5, E‑Minis
Insane moves no longer insane, Silver tame today.... Silver Futures +$5 from LOD E-Minis +132 from LOD
10‑Year Note Futures
10 Yr Note Futures fall again (-13.5/32's to 112-00+) Since tagging 114 and seeing the UST Active 10 Yr Note fall under 4%, it has been a steady reversal aided by the war in the Middle East. https://t.co/aX13QG6ARo