8 days ago

Are #commodities starting another #bull cycle? $DJP $FCX #inflation #hedging #trading

US inflation rate came at 7% yesterday, that is 7% erosion in purchasing power since December 2020! In these inflationary periods, one effective way to hedge against inflation is through investment in real assets, like commodities. The Bloomberg commodities index (ticker: DJP), a broadly diversified basket of energy, grains, industrials and precious metals, and life stocks, had a stellar performance in 2021. The ETF outperformed the S&P 500 last year, yielding 31% return. As it is expected that inflation will remain above 3% through 2022, commodities are very likely to continue to outperform. Moreover, weaker US dollar and increasing geopolitical uncertainties have always pushed prices of this asset class higher.

#Commodities

59 days ago

#Oil falls as US prepares to release crude from its strategic #reserves.

Oil prices were down more than 1% to below $76 a barrel, reversing gains from the previous session, as the US is expected to announce Tuesday a release of its emergency oil reserves in a bid to lower high prices. The move will be coordinated with other countries including China, Japan, and India which are allegedly working on ways to release national crude oil reserves.

#Commodities

74 days ago

#Gold is popping higher on #dollar weakness, a break through 1824 would indicate a bullish scenario towards 1840

To know more, have a look at our technical analysis tool: https://flowbank.technicalspeakeasy.com/

#Commodities
#Gold is popping higher on #dollar weakness, a break through 1824 would indicate a bullish scenario towards 1840

78 days ago

#OPEC+ chose to maintain a plan for a gradual #output hike of 400,000 barrels a day, making #oilfutures climb more than 1.5% to $82 a #barrel

This news comes despite pressure from the US to raise production by as much as 800,000 barrels a day. After rallying to 7-year highs at near $86 in the last week of October, WTI crude has been shaken by an unexpected build up in US crude inventories. Source: Bloomberg, TradingEconomics

#Commodities
#OPEC+ chose to maintain a plan for a gradual #output hike of 400,000 barrels a day, making #oilfutures climb more than 1.5% to $82 a #barrel

99 days ago

Copper could be breaking above the short term negative trend line

A significant metal deficit projected for Q4, globally visible copper stocks could reach all-time lows by year-end and absent market adjustments driven by higher price could deplete by Q2 of 2022. This chart shows copper against the DXY inverted. A small pause in the DXY as we have been witnessing could see copper more dynamically shift to the upside.

#Commodities
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