From summer blues to hurricane news
The weather has been a big player in major markets over the last couple of years. It's a staple for commodity markets, particularly softs
The US is on weather watch as hurricane season kicks off. WTI has been bid to day on the possibility of hurricane Joaquin hitting major areas but the US weather centre has just said that its changed course to slightly east of New York harbour
That's hopefully good news for the safety of US folks first and foremost. For oil, it's meant WTI has dropped from 47 bucks down to 45 bucks and change
WTI H4 chart
Weather can be the scourge of traders but it can also be a blessing. Any jumps in oil over possible hurricanes can throw the price trend out of sync and therein lies opportunity
