Commodity Markets:GOLD SILVER IRON ORE LITHIUM NICKEL CRUDE OIL COPPER NATURAL GAS Elliott Wave
Commodity Futures Market Technical Analysis Elliott Wave and Trading Strategies Content: US Bond Yields, Dollar DXY, US Gold, Silver, Copper, Lithium, Nickel, Crude Oil, Natural Gas Commodities Market Summary: The USD DXY is still pointing higher and support on DXY 105 will create further weakness for commodities Trading Strategies: Short on Commodities Video Chapters SEE VIDEO HERE > https://www.youtube.com/watch?v=QAGRUnRpcTk 00:00 US Gov Bonds 10 Yr Yields 02:01 US Dollar Index DXY 13:12 US Spot Gold 17:10 US Spot Silver 23:51 US Copper / Lithium / Nickel 30:08 Crude Oil 32:57 Natural Gas 39:41 Thanks for watching! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com Level Up - Test the Trial Service!
The energy transition is a metal transition. Instead of burning fossil fuels, a lot of metal is needed to generate, store and transport energy. The most essential metal is copper. An electric car uses four times more copper than a fossil-fuelled car. For example, copper is also required to transport electricity to the many charging stations. Generating electricity from wind also requires five times more copper than the fossil-fueled alternative. By the middle of this decade, therefore, there is likely to be a global shortage of copper. This means that more copper mines will have to be added and we will also have to tap into lower-grade copper ore. It can take up to 16 years between the start of a copper mine and its eventual production and, for the time being, investors are reluctant