Commodities Market in Focus: Analysis on Gold, Silver, Copper, Uranium, and Oil

The global commodities market is a highly dynamic and often complex landscape that requires astute insight, in-depth understanding, and clear analysis. In the latest edition of Chart Attack, Vishal Toora from Equity Guru provides an enlightening tour of this market, touching on gold, silver, copper, uranium, and oil. The Dollar and Commodities Correlation

Starting with the U.S. Dollar Index (DXY), Vishal dissects the negative correlation between the U.S. dollar and commodities such as gold and silver. He explains that a strong dollar often leads to a decrease in the price of these commodities and vice versa.

In the video, he detailed an interesting development post-Fed meeting and post-GDP, where the dollar had a big sell-off but later began to gain some strength. Vishal interprets a significant breakout, highlighting the potential gain in the dollar, with key resistance at 103.50 and a major zone around 105. Gold and Silver

With the […]

Click here to view original web page at equity.guru

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.