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Trend Structure: Bullish Trend Fully Reversed — Bearish Phase Dominant
WTI Crude Oilfutures dropped over 7% this week, trading near $95 per barrel on May 8 as Trump confirmed the Iran ceasefire remains intact following US-Iranian naval clashes in the Strait of Hormuz. The IEA warns 14 million barrels per day remain offline.Key HighlightsWTI …
Gasoline futures traded around USD 3.50 per gallon on May 8, climbing toward a four-year high as the Strait of Hormuz remained suspended, US inventories fell for an 11th consecutive week, and global refinery capacity shifted away from gasoline production ahead of peak summerDemand.Key …
The Global Benchmark Feels Hormuz First
Copper futures climbed above USD 6.21 per pound on May 8, 2026, matching January record highs as AI infrastructureDemand, a China sulphuric acid export ban, and Middle EastSupplydisruptions reshape the global copper market.Key HighlightsCopper futures climbed above USD 6.21 per pound today, matching the …
A Market Caught Between Diplomacy and Data
A Different Metal, A Different Story
A Catalyst the Market Had Been Waiting For
Soybean futures traded near USD 11.92 per bushel on May 8, pulling back from a seven-week high as Brazil shipped a record 16.75 million metric tons in April and its 2025-26 crop is projected at a record 180 million tons, offsetting stronger biofuelDemanddriven by …
HeatingOil Futuresclimbed above USD 3.80 per gallon on May 8, extending a rebound from a two-week low as fresh US-Iran exchanges in the Strait of Hormuz threatened to deepen an already severe distillateSupplycrisis that pushed prices to a record USD 4.60 in March.Key HighlightsHeating …
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