This Week In Charts 11 (With Aaron Basile): Oil & Natural Gas Move To Higher Trading Ranges, A New Energy Bull Market?

By Wall St. For Main St. / July 04, 2021 / marketsanity.com / Article Link

Aaron talks about the S&P 500 making new all time highs often now on low volume and also about the higher trading ranges in oil and natural gas prices. Aaron thinks there may be some short term backing and filling in oil and natural gas but a new bull market may have started. Aaron also talks about a 20% spread between July and December corn futures and how weird this backwardation is. To wrap up the video, Aaron gives a gold update and talks about gold's seasonality that may start to benefit the gold price through the rest of the year.

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