Darrell Fletcher - Copper, Natural Gas and Oil Outlook From A Commodities Trading Desk
Darrell Fletcher, Managing Director Commodities at Bannockburn Capital Markets joins me to share outlook for copper, natural gas and oil.
I ask about demand factors and how those play into near term pricing. With Copper, there have been some new larger companies trying to enter the space all with the outlook that supply will not meet demand in the foreseeable future.
On the energy front, natural gas has broken above $2 but Darrell is not seeing this as sustainable. He points to the cash market which is trading much lower. Oil is back below $80/barrel but largely in a 2 year trading range. I ask about downside price protection an breakout potential to over $100.
Timestamps
0:00 - Copper price outlook
2:56 - Balance demand imbalance with price moves
4:30 - Non-copper companies entering the sector?
5:14 - US copper production outlook
5:47 - Natural gas move above $2
9:00 - Storage data remains high vs LNG terminal builds
10:12 - Oil price outlook
11:45 - Downside price protection
12:05 - More supply coming online?
12:32 - Breakout potential
12:53 - Commodities investment demand overview
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
