Commodity Chart Deck #13
Extreme weather is good for Coffee, Sugar and Cocoa. Precious Metals currently show a good risk to reward ratio. The US Dollar looks tricky, but when it breaks out, things will become interesting.
The past trading week was marked by enormous volatility. This volatility is in my opinion here to stay for some time. Why? The Delta variant threatens to withdraw momentum from some raw materials prices, but at the same time, extreme weather conditions support some commodities such as Grains, Sugar or Coffee. Here is your overview for this week:
