Precious Metals and Commodities Weekly (Video)

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

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.