'Twas The Last Energy Report Before Christmas by Phil Flynn

'Twas the Last Energy Report Before Christmas, and many commodities broke out!

They were driven by demand and by frost and by drought. The traders put on their positions with care and hoped that their equity still would be there! While they were all nestled all snug in their beds,
Visions of parabolic sugar charts danced in their heads. The copper was soaring even the scrap!
And cotton each day just continues to gap! While European downgrades are a big part of the chatter, it seems tight supplies and China is all that really matter. In Chile a force majeure and copper flew like a flash, hitting record highs in London with no fears of a crash. And oil is rising due in part to Europe’s cold and the snow and oil bulls after waiting all week have finally picked up some dough.When what to my wondering eyes should appear, but multiple plays, to end an incredible year! The commodities markets are just moving so lively and quick and you should be getting my daily numbers so you don’t miss a trick! Then like vultures OPEC they came, they will raise production but their quotas remain! Now Iran! Now Iraq! Now Kuwait and Algeria! On Venezuela! On UAE! On Qatar and Nigeria! Libya and Ecuador have their backs to a wall, and Saudi and Angola will cheat for them all. CLICK HERE to read the entire article.