Hansen: How to trade crude after another volatile week
It’s been a mixed week for commodities. The price of crude has again
been volatile with Saxo’s Ole Hansen noting that both the top and
bottom have been tested. He says both inventories and production have
risen to multi decade highs. But he believes the falling rig count
will start to have an impact.
Moving on to grains and they are up 1.4% on the week, mostly thanks to
soy beans. Hansen explains the story behind this move.
A sell off in both the nickel and silver have pushed industrial and
precious m
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