I have no idea what's going on with Copper right now. There's the Escondida mining strike and when that ends copper prices should move lower but I haven't heard any news about it. Copper CME futures seeing heavy selling:

Copper for everyone

Lately they've been higher correlated during downswings and silver rallies more on the upswings. That's been the case for about the past year or so.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Every time we've seen a rally in precious metals, silver outperforms gold. This started last year. The top chart Silver and the bottom chart is Gold/Silver ratio. You can see that whenever there's been a significant rally in precious metals, silver ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I can't remember the last time WTI was this range-bound. Toughest markets to trade. So are oil prices immune to a big miss on US GDP? I figured this would put some downward pressure on oil prices. US manufacturing data keeps coming in strong though. ...

WTI Crude Oil Trading

Crude futures (CME CL) has been trading in a very tight range since last Friday. Energy markets usually don't behave like currency and precious metals leading up to an FOMC meeting. It's making me wonder whether oil prices are just treading water or ...

WTI Crude Oil Trading

Again, gold is testing the $1800 support level. Every time gold futures (CME GC) flirts with breaking below the $1800 handle it's been rebounding. Seems like some strong support there. image I wouldn't expect much ahead of FOMC in about four ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I can't remember the last time oil prices stayed in this tight of a range for three consecutive trading days. It's almost as if traders are waiting for FOMC, but I don't think that's the case at all. FOMC doesn't rock oil prices like it does ...

WTI Crude Oil Trading

Nat Gas futures approaching some pretty important support: image

Nat Gas anyone?

Copper out performing everything today. Gapped up this week and continues to rally. HG futures on a daily: image

Copper for everyone

Not sure what to think here. After gapping down at the open, it rallied overnight only to give back those gains. NG CME futures 10M: image Some heavy selling volume relative to last week during the US session. Not ruling this out as a correction ...

Nat Gas anyone?

Makes sense since we've had a lot of sideways action. Wednesday is a big day with EIA data then FOMC. I don't think the FOMC meeting will provide as much volatility as more recent ones because the Fed isn't changing its tune at least until Jackson ...

WTI Crude Oil Trading

It was treading water Friday but it's acting like it wants to continue this recent rally. A break of last week's high looks extremely likely.

WTI Crude Oil Trading

We are seeing some pretty light volume in CME futures. Ever since hitting that $65 handle, oil prices have been doing nothing but rebounding:

WTI Crude Oil Trading

After the big drop last Friday, PL futures are rebounding, outperforming its precious metals peers. Here's a gold/platinum overlay with platinum in pink (CME futures): image

Platinum: get rich or die trying

Platinum CME futures selling off hard today:

Platinum: get rich or die trying

Crude futures trading in a very narrow range today. Low volume too. It almost feels like a holiday:

WTI Crude Oil Trading

It's just not stopping since hitting $65. What a rebound. image

WTI Crude Oil Trading

Can't say for sure but the OPEC drama along with the recent uncertainty surrounding the delta variant has had some impact. Delta variant concerns sent markets in a little risk off mode early this week which put further downward pressure on WTI ...

WTI Crude Oil Trading