Explore Special Offers & White Papers from ADMIS

Petroleum Corrective Action Continues


With the crude oil contract remaining close to the spike low from yesterday in the early trade today, the bear camp retains the edge. However, as in many other physical commodities and certainly in the equity markets, today’s US CDC daily infection count release could set the tone for the day and the rest of the week. Like the crude oil market, the gasoline market remains near yesterday’s spike down move in a fashion that leaves the charts bearish.


With natural gas prices sitting just under contract highs it is clear that much above normal temperatures for a large portion of the US and above and much above normal temperature areas over all areas in the US except for southern Texas, the extreme northeast and the extreme southwest demand for gas should remain strong. In fact, US weather forecast calls for an extension of hot weather out to August 2nd. Furthermore, extreme heat in China is driving up consumption there and that is partially responsible for a 31% jump in floating demand for LNG loadings from last week.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started