Articles by: Veselin Valchev

Copper trading outlook: futures steady after dipping on Tuesday; US and China data ahead

Copper futures kept around last sessions close during early trading in Europe today, after dropping on speculation of a stronger dollar yesterday. Tomorrow the very important manufacturing Purchasing Managers Indices for China and the US will be released, with forecasts of slight gains for both. Copper futures for July, the most traded contract on the […] Read more

Natural gas trading outlook: futures pare some gains; most of the US remains cooler

Natural gas futures dropped during early trading in Europe today, after reaching the highest price since winter on Tuesday. Weather forecasts project a cooler week for the eastern half of the US, while the West Coast is set for a few very hot days. Front month natural gas futures, due in June, lost 0.33% at […] Read more

Gold trading outlook: futures keep losing ahead of Fed’s statement, employment data

Gold continued to slide during early trading in Europe, as investors await key data from the US. Expectations of a reduction in economic stimulus by the Fed, coupled with forecasts of strong employment figures from the worlds top economy pushed contracts for the precious metal down. Gold futures due in June traded for $1 291.1 […] Read more

Crude oil trading outlook: WTI falls ahead of data on inventories; Brent also pressured by US supplies

Expectations for a second week of all-time-high crude oil stockpiles in the US pressured West Texas Intermediate to fall to near a monthly low. Brent also saw bearish trading early in the European session, after sizable gains yesterday on Ukraine. West Texas Intermediate futures for delivery in June traded for $100.19 per barrel at 7:21 […] Read more

Commodities trading outlook: gold, silver and copper futures

Gold kept steady during afternoon trade in Europe today, as fears over Ukraine off-set projections of a stronger dollar. Silver added to yesterdays losses. Meanwhile, copper futures on the COMEX marked a decline, as investors weighed mixed data from the US with speculation of an improving greenback. Gold futures due in June traded for $1 […] Read more

Commodities trading outlook: Crude oil and natural gas futures

Brent and West Texas Intermediate futures traded higher before noon in Europe today, on worries about the crisis in Ukraine. Natural gas reversed some of the gains it made yesterday, when storms and rains pushed readings in the central and eastern US down. West Texas Intermediate futures for delivery in June traded for $101.47 per […] Read more

Copper trading outlook: futures decline on speculation of a rising dollar; US reports eyed

Copper futures on the COMEX recorded bearish trading before noon in Europe, as investors weigh rising home sales in the US with speculation of an improving dollar. Growing demand in China and improving prospects for the US lift long-term sentiment. Copper futures for July, the most traded contract in New York, stood at $3.0835 per […] Read more

Natural gas trading outlook: futures drop some of Monday’s gains; cool forecast to persist

During early European trading natural gas reversed some gains it made yesterday, when storms and rains pushed readings in the central and eastern US down. The cooler weather is forecast to extend its stay to the next few days, backing higher heating demand outlooks. On the West Coast there is a completely different picture, with […] Read more

Gold trading outlook: futures fall with the stronger US; Ukraine offers support

Gold continued to drop during early trading in Europe, after solid data on US home sales spurred dollar demand on Monday. More reports later this week are expected to confirm the robust recovery of the worlds largest economy. Meanwhile, tensions in Ukraine continue to build-up, though not enough to off-set the stronger US. Gold futures […] Read more

Crude oil trading outlook: both Brent and WTI futures gain; US data on stockpiles, Libya pressure

Brent futures regain some losses during early trading in Europe, after a sizable drop on Monday due to bearish news from Libya. West Texas Intermediate also added to the last close, investors eye the upcoming data on US inventories. West Texas Intermediate futures for delivery in June traded for $101.20 per barrel at 7:44 GMT […] Read more