Our weekly wandering through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis.
Post-Friday’s non-farm payrolls the markets had been somewhat muted with the U.S. on holiday yesterday.
The softs remain becalmed this week although speculators have returned to short positions according to the Commitment of Traders Report.
Things are somewhat more frisky on precious metals with Gold and Silver rallying on geopolitical tensions. The question being once the noise dies down will they remain bid?
Oil has had a rough few days as short-term long speculators continue to get squeezed lower. Brent, in particular, is showing signs of life as OPEC starts making production cut extension noises ahead of their November 30th meeting.
Gold 0:00:00, Silver 00:03:20, Platinum 00:05:30, Palladium 00:07:00, Copper 00:08:50, Natural Gas 00:10:35, Brent Oil 00:11:45, WTI Oil 00:14:55, Sugar 00:16:30, Soybeans 00:18:35, Corn 00:20:05, Wheat 00:21:20