Feb. Commodity Outlook - Ceilings in 2025? 80 Oil, 4 Natural Gas, 4.50 Copper, 5 Corn - The January #commodities rally is up against US supply gluts and President Donald Trump's goals of lower #energy prices and interest rates. The former top #crudeoil importer is producing surpluses of energy and #grains that need to be exported amid a strong #dollar. Waning crude imports and plunging #bond yields in #China augur demand headwinds. Optimistic #speculators and funds loaded up on long #futures in January, which may provide supply-shock insurance, but emphasizes sell-stop risks. Led by 80-per-barrel WTI crude, some key commodity resistance thresholds were touched in January. Staying above these ceilings could depend on a resilient US #stockmarket, but the presidents' shift to #cryptocurrencies may put #Bitcoin in the category of "must go higher, or else." #Gold appears on track to further outperform most assets. The full report is on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/sqxsubt1um0w {BI COMD}