Precious Metals and Commodities Weekly (Video)

 

Our weekly journey through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis.

This week, U.S. Interest rates are still rising as we get closer to a decision on the new Chairperson of the Federal Reserve. Gold continues to be under pressure, but is this picture reflect with other precious metals?

Copper is on a roll as China growth and a non-event People’s Congress sees Chinese retail pile into base metals.

Over in energy, natural gas continues to range but is drifting higher as winter approaches. Oil treads water with the Commitment of Trader’s report showing very heavy long positioning. We may need some new developments in oil markets to give crude fresh legs.

The softs remain becalmed this week with range trading the order of the day in the bigger picture, despite some impressive intra-day gains during the week. Overall though, the agricultural commodities are still in “bring a good book to read” mode.
US 10 Years 0:00:05, Gold 0:02:00, Silver 00:04:30, Platinum 00:06:20, Palladium 00:08:05, Copper 00:10:15, Natural Gas 00:12:30, Brent Oil 00:13:50, WTI Oil 00:16:10, Sugar 00:18:30, Soybeans 00:19:45, Corn 00:21:20, Wheat 00:22:35

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

Jeffrey Halley

Senior Currency Analyst
Based in Singapore, Jeffrey has over 25 years experience in the financial markets, having traded currencies, options, precious metals and futures. Jeffrey started his career at Barclays Bank in New Zealand. However he has spent most of it in London and Asia.Jeffrey focuses on the Asia time zone across asset classes. A regular commentator on business news TV and Radio, he is originally from New Zealand and holds an MBA from Cass Business School, London.