Commodities
Trading strategies in commodities — energy, metals, agriculture.
The geopolitical premium in crude has been a constant discussion point. With $WTI pulling back today, is this premium starting to fade, or is it merely consolidating before the next headline-driven move? What's your baseline assumption for this component?
Seeing $WTI at 74.27, a -2.08% dip. Curious about others' read. Is this primarily driven by the API/EIA inventory expectations, or are we seeing more significant signals of demand destruction playing out? Especially with global manufacturing data still looking soft.
Silver tends to follow gold but with higher beta. Given $XAUUSD's current move, is anyone seeing a tactical short-term entry point for silver, perhaps targeting a move towards a specific resistance level?