Fresh from the Trading Room: Hot and Cold

From cmegroup.com

Renewed volatility, coupled with a series of disappointing data releases, has stoked recession fears. The price trends observed in gold, copper and iron ore collectively suggest a slowdown in economic activities, potentially leading to softer demand for crude oil and a generally negative market outlook. Opportunities are emerging in the energy markets, nevertheless, from natural gas, crude oil, to gasoline, given the nuanced interplay of these commodities, seasonality and political developments. The gold to copper ratio has recently broken out from an ascending channel reaching levels last seen when the pandemic ... (full story)