Wednesday, March 29, 2006

Crude Oil chart ( NYMEX : CL )

Still trading below Aug 2005 all time high, possibly constructing a symmetrical triangle pattern , RSI , MACD are trending up on the daily chart.

Crude Oil chart ( NYMEX : CL )

Previous review of Crude Oil

Gold and Silver charts, news, reviews & commentary

Tuesday, March 21, 2006

Commodity ETF DBC (DB)

DBC returns are expected to track the performance of the DBLCI. The DBLCI is a rules -based index, comprised of Crude Oil, Heating Oil, Gold, Aluminum, Corn and Wheat.

Click on the chart to enlarge:

Commodity ETF DBC

Thursday, March 16, 2006

Palladium Futures , NYMEX : PA

Technically it's a breakout and higher high will probably follow.

Palladium Futures chart, NYMEX : PA

Saturday, March 11, 2006

Cocoa Futures (NYBOT : CC)

Cocoa is the dried and partially fermented fatty seed of the cacao tree from which chocolate is made. In the United States, 'cocoa' often refers to cocoa powder, the dry powder made by grinding cocoa seeds and removing the cocoa butter from the dark, bitter cocoa solids. By itself it has an extremely bitter flavor.

In 2004 the world production 3,607,052 MT of cocoa beans per country was assorted as follows:

1. Côte d'Ivoire (Ivory Coast) - 1,331,494 MT
2. Ghana - 736,000 MT
3. Indonesia - 430,000 MT
4. Nigeria - 366,000 MT
5. Brazil - 169,416 MT
6. Cameroon - 130,000 MT
7. Ecuador - 88,000 MT

For over 75 years, the cocoa market of the New York Board of Trade has provided the same reliable pricing functions for the world cocoa industry: price discovery, price risk transfer and price dissemination.

As a commodity with very concentrated production sources and seasonal demand cycles, cocoa presents specific price risk characteristics for candy manufacturers, cocoa importers, exporters, trade houses and producers.

Contract calls for delivery of any kind of cocoa bean- "the growth of any country or clime, including new or yet unknown growths"- as long as it meets F.D.A. standards for importation.

Deliverable Growths: The growth of any country or clime, including new or yet unknown growths. Growths are divided into three classifications: Group A, deliverable at a premium of $160/ton (including the main crops of Ghana, Nigeria, Ivory Coast, among others); Group B, deliverable at a premium of $80.00/ton (includes Bahia, Arriba, Venezuela, among others); Group C, deliverable at par (includes Sanchez*, Haiti, Malaysia and all others).

Contract Size 10 metric tons.

Cocoa futures NYBOT : CC

Heating Oil Futures (NYMEX : HO)

Heating oil, or burning oil, also known in the United States as No. 2 fuel oil or "offroad diesel" and elsewhere as "red diesel", is a low viscosity, flammable fluid used to fuel building furnaces ("boilers"). It is delivered by tank truck to individual homes and stored in tanks in the basement or (possibly buried) in Underground Storage Tanks (or "USTs").

Heating oil accounts for about 25% of the yield of a barrel of crude, the second largest "cut" after gasoline. The heating oil futures contract trades in units of 42,000 gallons (1,000 barrels) and is based on delivery in New York harbor, the principal cash market trading center. Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give market participants even greater flexibility in managing price risk.

The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to NYMEX Division New York harbor heating oil futures.

The Exchange also lists for trading on the NYMEX ClearPort trading platform a series of heating oil swap futures contracts based on crack spreads, location differentials, and differentials between NYMEX Division New York harbor heating oil futures and jet fuel and diesel fuel. Transactions in these contracts can also be consummated off-Exchange and submitted to the Exchange for clearing through the NYMEX ClearPort clearing website.

 Heating Oil  NYMEX : HO

Propane Futures (NYMEX : PN)

Propane is a three-carbon alkane derived from other petroleum products during oil or natural gas processing. It is commonly used as a heat source for engines, barbecues, and homes. Its name was derived from propionic acid.

Propane is a by-product of natural gas processing and oil refining. U.S. demand is approximately one-third that of heating oil. Propane is used in diverse markets: residential cooking, crop-drying in agriculture, space heating in homes and industry, in motor vehicles and as a feedstock for the production of vital petrochemicals. Natural gas utilities often store propane for use during periods of peak demand.

The NYMEX Division propane contract trades in units of 42,000 gallons (1,000 barrels). It provides an effective pricing and risk management tool for the gas liquids sector of the energy industry. The contract is a natural complement to the NYMEX Division crude oil, heating oil, gasoline, and natural gas futures contracts.

Propane chart(NYMEX : PN)

Friday, March 03, 2006

Crude oil NYMEX chart

Click on the chart below to enlarge:

Crude oil NYMEX chart