Analytical reviews of commodities

Commodities

Tomasz Wisniewski

13:50 (GMT+3)

On Friday, WTI oil took a hit, with the price shedding nearly 2 USD a barrel. By the end of the day, the asset had managed to recover nearly all of its losses, but what could be the reason behind such volatility and momentum? A quick look at the calendar shows no major data for the oil market. OPEC? Nope. Ahhhh NFP, yes! That report has the potential to shake markets to their foundations, especially when the reading comes out way below estimates. But wait a minute, after the NFP report, USD went into decline, which should help crude to climb higher in theory, so this doesn’t explain the drop that happened beforehand…

Commodities

Tomasz Wisniewski

16:43 (GMT+3)

WTI oil – only one support left

Time to update our traders about the situation on WTI oil, where in our opinion, the correction that started in December is coming to an end. Buyers had a good run but it looks like it is time for them to exit the market and look for proper trading occasions elsewhere.

Commodities

Tomasz Wisniewski

17:04 (GMT+3)

Oil continues its beautiful downswing

This week we will start by analysing WTI Oil, which was previously mentioned here on Friday. Has much changed since then? Not really, but we would like to describe the current situation in greater detail.

Commodities

Tomasz Wisniewski

09:46 (GMT+3)

Gold with a bearish breakout

Last week finished great for USD, which should have been bad for commodities in theory, although oil buyers didn’t seem bothered about this at all. This situation changes dramatically, however, when we look at gold. Precious metals are definitely feeling the rising demand for the US dollar. The situation on the XAUUSD instrument is far from optimistic.

Commodities

Tina Pham

16:52 (GMT+3)

Trade war causing a collapse in copper prices

It’s not the best of times for the copper market, and as the world looks on at the China-US trade dispute, metal prices are plummeting. It came to light this week that Washington is seriously considering imposing higher tariffs on Chinese goods. The tariffs may be increased to 25% from the previously-proposed 10%. It’ll probably be a matter of weeks before a final decision is made on the scale of the tariffs and when to impose them. The tariffs are expected to apply to around 200bn USD worth of Chinese products. This will make it more and more difficult for China to break into US markets. There are already tariffs in place on around 50bn USD worth of Chinese goods, which have already caused jitters on the market.

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