Commodity Markets: Gold, Silver, Iron Ore, Oil, Copper

Elliott Wave Analyst - tradinglounge • Jun 23, 2022 at 7:00 AM EDT

Commodity markets are generally softer against a strong US dollar.

Dollars, Currency, Money, Us Dollars, Franklin

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Market Summary: Stronger USD is seeing softer commodity prices. Soft commodities corn, wheat, sugar, and soybeans are dragging down the ETF DB Agricultural. Expect a small rally in gold and silver but the main trend is still lower in a larger corrective pattern.
Hard commodities nickel, copper, and uranium are under pressure and have a further downside. The energy sector crude and natural gas also have further declines to come.

Video Length: 00:23:40

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