Gold and silver took on more weight on Thursday, backed by widespread demand for precious metals. Oil prices, however, hit a soft patch, weighed down by rising supply going into a market in which consumption is expected to slow. What are the clues commodities are likely to throw up today?
NEW YORK, Nov. 14, 2018 /PRNewswire/ -- Commodities decreased as demand expectations for industrial metals fell amid softening global growth prospects and as supply expectations for crude oil grew. The Bloomberg Commodity Index Total Return was lower for the month, with 15 out of 22 constituents posting losses. Credit Suisse Asset
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Campaign groups have cranked up the pressure on the world’s biggest commodity traders, asking regulators to investigate the use of middlemen and well-connected individuals to secure lucrative oil deals in resource-rich countries.Global Witness last week called on the UK, US and Switzerland to examine the activities of Glencore, Vitol
Since the middle part of 2017, an extremely broad range of commodities have managed to trend higher. Predictable behavior near major levels of support and resistance has made this group a favorite among active traders. Recent closes below influential levels of support, as discussed in the paragraphs below, suggest that the uptrends are