HomeBusinessEnergyHeadwinds For Crude | Wheat Still Up 50% In the Last Month
Headwinds For Crude | Wheat Still Up 50% In the Last Month

Fed Chair Powell and the policy of the Fed did a complete 180 and the market took it in stride, says Scott Bauer, CEO of Prosper Trading Academy. Scott discusses the headwinds in crude oil (/CL) from the Ukraine-Russia situation, Germany being in a predicament with their oil coming from Russia, and a Saudi attack on oil facilities. The drop in gasoline last week, was probably overdue with oil going from 130 to 100, says Scott. He says the fundamental behind the price of gold (/GC) is really following more what is going on with rates. Scott and Ben discuss the decline in nickel. Lastly, he discusses wheat (/ZW), saying even with the pullback it is still up almost 50% in the last month.

Futures

22 Mar 2022

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