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Wednesday, March 9, 2022

EIA Weekly Report Pending -- March 9, 2022

First group "financial / economic" indicators:

  • 10-Year Treasury: link here. Trending toward 2% again. Yield at 1.913%.
  • DXY: link here. Dollar down almost one percent; now at 98.21. This is not why WTI is selling off. Someone suggested the strong dollar caused WTI to sell off today. The dollar was stronger yesterday, weaker today.
  • Silver: link here. DOWN over 2%; trading at $26.35.
  • Gold: link here. WAY DOWN; down over 3%. Trading well below the high of $2,056 yesterday; now trading at $1,991.
  • CBOE volatility index: link here. Explained at Investopedia.VIX drops 7.2%. 

EIA weekly petroleum report out later this morning.

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