We are seeing $85 in WTI crude oil futures (/CL) into the expiration of November contract, says Bill Baruch of Blue Line Futures. He says we are in a secular commodity bull market. He points out that heating oil futures (/HO) are below five-year averages. He says the CPI and PPI numbers helped stoke the commodities strength. He discusses corn futures (/ZC) and wheat futures (/ZW).
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15 Oct 2021
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