Crude Rally Fading, Natural Gas Ascending

Dan Deming reviews the day’s moves in commodities. He notes energy’s reaction to the EIA report today, with crude oil under selling pressure. He thinks the market’s getting ahead of itself with crude oil’s recent pop, and isn’t interested in buying on this dip. Natural gas, on the other hand, he expects to keep moving higher.

Market On Close

08 Jan 2025

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