This week we recap precious metals and commodities ahead of Friday’s Non-Farm Payroll data and in a week where Hurricane Harvey is wrecking havoc with U.S. energy markets.
Precious metals and industrials have had a solid seven days and seemed poised for greater heights.
Energy has been mixed with Brent and Natural Gas trading strongly. Hear why, somewhat bizarrely, WTI has “dropped” due to Hurricane Harvey even as 20% of the U.S. refining capacity has been shut down.
Over on the soft commodities, sugar is loving Brazilian ethanol while the bean and grains continue to be a mixed bag. Or should that be bushel?
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
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