{"id":5185,"date":"2019-05-20T15:09:23","date_gmt":"2019-05-20T19:09:23","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=5185"},"modified":"2019-05-20T15:09:23","modified_gmt":"2019-05-20T19:09:23","slug":"commodity-market-update-april-4-2019-2","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/commodity-market-update-april-4-2019-2\/","title":{"rendered":"Commodity Market Update April 4, 2019"},"content":{"rendered":"

Our weekly commentaries and updates will remain free until April 22, 2019. Effective April 22, 2019, a subscription will be required in order to receive them. Anyone who signs up before April 30, 2019 will receive a yearly subscription at the discounted rate of $99\/yr. Of course, clients of Fundamental Analytics and BlackSummit Financial Group will continue receiving our weekly content for free.<\/p>\n

We would be happy to discuss this commentary with you and provide additional market insights. Feel free to call us at 312-348-7518 or email us at joel.fingerman@fundamentalanalytics.com<\/p>\n

April 04, 2019 | by Joel Fingerman<\/p>\n

Energ\u00eda<\/strong><\/p>\n

Since March 6, 2019, front-month crude oil prices have increased more than $6, from $56.22 to $62.46 per barrel. Chart 1 of the forward curves for those two dates also shows the contango coming out of the market to a primarily backwardated market. As of March 6, the contango was over two dollars from the April contract at $56.22 to the December contract at $58.61 (red line).<\/p>\n

As of April 3, the contango was only nine cents from the May contract at $62.46 to the July contract at $62.55; after that the forward curve is backwardated. Backwardation supports rising prices, and, in turn, rising prices generally increase backwardation. The forward curves are indicating higher prices.<\/p>\n

Chart 1<\/strong><\/p>\n

\"\"<\/p>\n

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Regards,
\nThe Fundamental Analytics Team<\/p>","protected":false},"excerpt":{"rendered":"

Our weekly commentaries and updates will remain free until April 22, 2019. Effective April 22, 2019, a subscription will be required in order to receive them. Anyone who signs up before April 30, 2019 will receive a yearly subscription at the discounted rate of $99\/yr. Of course, clients of Fundamental Analytics and BlackSummit Financial Group […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5185","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/5185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/comments?post=5185"}],"version-history":[{"count":2,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/5185\/revisions"}],"predecessor-version":[{"id":5188,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/5185\/revisions\/5188"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=5185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=5185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=5185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}