“As a market trader, I want to first assess the timeframe over the next 48 to 96 hours—see where we are by Friday. If tensions escalate further and the U.S. and Israel become more deeply involved, that changes the geopolitical footprint and could seriously impact the stability of the Middle East. But if things settle … Read more
Peter McGuire, Commodity Expert, says the LME has run up a bit in the past few weeks. Actually, the market hasn’t fully absorbed the Trump threat and there’s still uncertainty about future prices. The core factors will be demand and supply, along with any potential disruptions, which the futures market will influence. McGuire is eager … Read more
Peter McGuire, CEO, XM Australia, says coming to crude, “it had a tremendous run up and also when you are thinking about where WTI is $85 plus, 85 and a quarter, and you have got Brent sitting at $89.10, I feel as though that $90 will be taken pretty quickly and I would not be … Read more
“If it is momentum driven and it seems to be very-very solid over the last two to three weeks as far as trading, then you just do not get in the way of a bull market,” says Peter McGuire, CEO, XM Australia.We are back closing in on the $100 per barrel mark already. What has … Read more