Crude Oil, Natural Gas, and Wheat...Off the Charts with Cramer and DeCarley

 

Long-time commodity broker Carley Garner of DeCarley Trading, provided futures market analysis for the Off the Charts segment on Mad Money on CNBC with Jim Cramer.

The commodity markets have always been vulnerable to a boom-and-bust cycle in which production and consumption fluctuate with price. Naturally, high commodity prices thwart demand and encourage supply, while low prices have the opposite effect. In 2022 we were able to see this phenomenon in all its glory. Yet, the natural commodity cycle was distorted in 2022 by emotions and an environment in which green speculators were flush with cash to put to work in any asset they deemed to have upward momentum.

The primary narrative in the second and third quarters of 2022 pointed toward higher prices for the commodities most impacted by the Russian invasion of Ukraine, namely crude oil, wheat, and natural gas. Yet, each of those commodities have suffered swift drawdowns due to a severe case of buyer's remorse; when margin calls are triggered, fundamentals nor technical analysis matter to price action.

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