Rob Kurzatkowski | The Options Insider

Supply Glut Continues

Crude Oil futures continue to consolidate, despite large supply increases.

Gold traders are anxiously awaiting to hear Fed Chairwoman Janet Yellen’s testimony in front of the Senate Banking Committee.

Cocoa futures have started the month of February on a hot streak.

Silver and other precious metals have gotten a bit of a boost recently as investors have been ditching Greek debt in favor of safer investments.

Gold futures got a small bounce yesterday, driven by defensive buying.

The Oil market is extremely saturated, and there is no economic data that would suggest global supplies will be worked down soon.

Traders are wondering when the pain will end for the Australian Dollar, after the currency suffers yet another setback.

Copper futures have fallen to multi-year lows amid economic uncertainty and the idea that the Federal Reserve will tighten by mid-year.

Given the 58% decline in prices since June, many traders have been anxious to pick a basement level for Crude Oil prices.

The Crude Oil market remains oversupplied and will likely remain oversupplied for the foreseeable future.

December non-farm payrolls were stronger than expected, with the US adding 252,000 jobs in the month of November.

The slide in Crude Oil prices had carried over into the new year, sending the price of the front month contract below the $50 a barrel level.