HomeBusinessEnergyNo Reason to Sell Crude Oil Or Gold Futures
No Reason to Sell Crude Oil Or Gold Futures

The domestic demand for oil is still up with the upcoming holiday in May, so there is probably a floor in crude oil (/CL) right now, says Bob Iaccino, Chief Strategist, Path Trading Partners. He and Ben discuss the loosening of the China lockdowns and the effect of the Russia-Ukraine war. He thinks the next breakout in crude is to the upside, with strong demand and ongoing supply problems. He is long gold (/GC) and doesn't have a reason to sell it. Bob and Ben analyze other metals including palladium (/PA), copper (/HG), and silver (SI). Lastly, they discuss grain futures and bitcoin (/BTC).

Futures

20 Apr 2022

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