Natural gas has fallen 85% from 2022 highs, Carley spoke about this on Schwab Network
Commodity broker, Carley Garner, joined Schwab Network to discuss the current state of the energy markets. The primary topic was natural gas, which has fallen from $10.00 to $1.50 in a little over a year. Crude oil futures, on the other hand, are supported by an uptick in Middle East violence and Ukrainian attacks on Russian oil infrastructure.
Tommy Grisafi and Carley discuss cattle and beef prices in 2024
According to the USDA, cattle supply, as measured per head, not weight, is the slimmest since the early 1950s, but there are two sides to the equation. Demand is not guaranteed. Commodity broker, Carley Garner, and Tommy Grisafi hashed it out on Cow Guy Close.
Carley joined Andrew Geoghegan of Ausbiz to talk charts
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The S&P 500 rally appears to be unsustainably overheated in the short run, we expect some technical selling as investors take profits. Crude oil, on the other hand, is probably a better "buy" than a "sell"; we are looking for weekly trendline support to hold in the high $60.00s to produce a healthy rally. Corn futures could be due for a significant bump in the short run as overzealous speculators unwind their short positions.
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