SaxoTV

Trading copper's comeback and gold's nervous moves

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For how long can industrial metals outperform the rest of the commodity index? Aluminium, copper and nickel are among the best performing commodities this week. Saxo's Ole Hansen explains why he's looking at December's futures' contract for copper and what other options traders have.
Energy prices, notably WTI and Brent, continue to be pressured this week. Gasoline prices are rising, however, which could, says Ole, be a sign that more support's coming back to the market. Natural gas has also done well but how could you best trade this very volatile commodity? Ole explains why he's looking at September's delivery contract.
Gold fell amid a perfect storm of a rising dollar and high equity and bond yield levels. Ole explains the metal's almost gone full circle as the price has returned to the area we last saw in June. It did, however, stay above the trend line support at USD 1,271 / oz which could indicate limited selling appetite. There may be some evidence that silver has halted its recent declines and Ole explains why trading the ratio between gold and silver might make sense.