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Home / Futures Blog / Futures News – March 2015 News Roundup

Futures News – March 2015 News Roundup

April 1, 2015 by Daniels Trading

In this month's market roundup, we'll discuss how crude oil rebounded slightly after months of losses and how a big announcement in gold could irrevocably change otherwise bearish futures trading.

Crude oil manages to level itself out
According to MarketWatch analysts, NYMEX West Texas Intermediate plunged by almost 50 percent in 2014 and very little indicates prices will be returning anytime soon in 2015. Prices continued to fall in the first quarter of the new year by 10 percent.

March exclusively saw a very wide dip in the middle of the month, but somewhat rallied its losses, beginning the month at $51.71 per barrel and ending at $47.60. However, May settlement has risen 3.4 percent, or $1.62, as of today at 11:38 a.m., putting crude on NYMEX at $49.20. May Brent as well saw a sharp increase today, posting a more than $1.58 – or 2.8 percent – increase on the London ICE to $57.79 per barrel. However, Brent has a much wider gap to try to close a nearly 7.65 percent gap, finishing out February at $62.58.

However positive March appears to have turned out, this last upward tick may be market reaction to the extended talks between Iran and U.S. over the former's nuclear stockpiles. The original agreement deadline passed while both sides continue to stand in opposition. If the U.S. was to back down, Iran's oil sanctions – imposed by the United Nations – would remain in effect, driving oil prices up.

March was a month of dips and dives for crude oil and gold.March was a month of dips and dives for crude oil and gold.

Gold spirals further
March was another disappointing month for gold, as the the precious metal battled against a strong dollar and a rate hike hinted by the Federal Reserve Chair Janet Yellen according to CNBC.

"Our best case scenario is a June rate hike and in the interim there is certainly scope for more weakness in gold," said Natixis analyst Nic Brown.
At March's open, the price per ounce started at $1,217.90, but by the 31st gold saw a nearly 2.85 percent dip down to $1,183.20. April delivery saw a promising upswing toward the end of the month, even rising above the $1,200 mark before diving below in the last week. Hard to believe prices in late January were almost hitting $1,300.

Gold scarcity, however, may be on the horizon, says a report released by Goldman Sachs toward March's end. The study predicts all minable resources will be completely tapped in as little as 20 years.

Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Currencies & Interest Rates

About Daniels Trading

Daniels Trading is an independent futures brokerage firm located in the heart of Chicago’s financial district. Established by renowned commodity trader Andy Daniels in 1995, Daniels Trading is built on a culture of trust committed to the firm’s mission of Independence, Objectivity and Reliability.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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