Commodities Recap For The Week Of May 29, 2020

Commodities Recap For The Week Of May 29, 2020

by | May 29, 2020 | Hecht Commodity Report

 Stocks push higher
 Silver rallies to the $18.50 level, gold was steady, and PGMs decline
 Crude oil higher, products lag, and natural gas falls as June rolls to July
 Grains and cocoa move to the upside, soft commodities fall led by coffee on the downside
 The dollar index falls below short-term support, Bitcoin and digital currencies post gains

The Hecht Commodity Report As Of The Close of Markets- May 27, 2020

The Hecht Commodity Report As Of The Close of Markets- May 27, 2020

by | May 27, 2020 | Hecht Commodity Report

• The stock market was mostly higher as optimism over the reopening of the US economy continued to support share prices
• Precious metals were down across the board, except for rhodium which edged higher
• Energy commodities move lower, except for ethanol
• Industrial metals mixed and stable since last week- The Baltic Dry Index recovers in a sign of business activity- A buy recommendation in the PICK ETF
• Grains and soft commodities were stable to lower since May 20

Member Content

Category: Member Content

Follow us on

Real News. Real Profits.

Trade Alerts – Podcasts – Webinars – Online Courses

Get Started