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 […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet