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Hansen: How I'm trading gold, copper and crude
Copper's not been this low for nearly four years while the energy sector's seen its worst performance since January. Gold, however, continues to rise. Saxo's Head of Commodity Strategy, Ole Hansen outlines his trading strategy for the days ahead.
The fall in copper in particular has drawn the attention of the world. Ole says it could have further to fall and it's all down to weak data from China hurting industrial metals as a whole. He also points out there's a lot of supply sitting in the world's second biggest economy and if that hits the market there could be more trouble.
Crude oil inventory levels in the US are continuing to rise and that's putting pressure on prices and once again, China figures in the decline after figures showed the country imported less oil in February. Ole says we're looking for a new range in WTI as it moves below USD 100 / barrel.
Gold moved to a whole new level this week, according to Ole. The crisis in Ukraine was one of the main drivers. He gives his thoughts on where it's headed next and how you could play it.
02:04 minutes
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