Two weeks ago, we discussed that WTI crude oil was trading within a range-bound market, making it suitable for selling weekly WTI put options below the prior low of $55 or holding a short WTI futures position combined with selling weekly put options to construct a covered put strategy for this environment. Investors without access to futures or options can consider energy or crude oil ETFs as an alternative.Bearish Crude Reports Trigger a Sharp Selloff: How to Use Options to Trade a Choppy Market？Since then, WTI crude oil has continued to oscillate and weaken, but it has not yet broken below the $55 level, confirming the effectiveness of the previous strategy. Recently, the price volatility has increased, and WTI crude

Recently, gold has been moving in tandem with the broader U.S. equity market, showing roller-coaster style swings that are hard to grasp in terms of timing and direction.This analysis will briefly review the rhythm and patterns of gold price fluctuations from technical and fundamental perspectives, and then discuss how retail traders can use trading tools to capture these profit opportunities.​Based on a combination of current price structure and capital-flow signals, gold is still likely to probe lower repeatedly in the short term, and this round of correction has not yet fully run its course. However, from a longer-term cyclical perspective, the current gold bull market is far from over, and the potential upside remains significant.​4000-dollar level: short-term support may not hold at o

Ahead of OPEC’s monthly market analysis and the IEA’s annual energy outlook this week, WTI steadied after three straight up days, signaling a shift from chasing strength to waiting on new data. Traders are focused on Wednesday night’s OPEC release and the forthcoming IEA outlook.​ $WTI原油主连 2512(CLmain)$ Curve signalsThe WTI term structure has seen the spread between far-month and near-month contracts narrow markedly, a classic sign that inventories are moving from tight toward looser in the physical market. Since the October 20 bottom in WTI, far-month vs near-month spread have kept compressing, implying faltering buy interest in near-month and a supply backdrop shifting from tight to more ample. Throughout the year, worries about a “large sur

Last night, the S&P 500 staged a sharp rebound and completed a daily bottom fractal from a technical perspective, while S&P futures extended modest gains today, nearly piercing the prior fractal’s high; technically, they are just shy of confirming a daily‑level bottoming rebound pattern. Even though the continuing resolution still needs a House vote, markets have been strongly buoyed by the prospect that the government will “reopen.” In this view, the U.S. equity pullback likely found a bottom and may now transition into a new Santa‑rally leg.​The core logic can be summarized as a transmission chain of “liquidity return → rate stabilization → risk‑appetite repair.” During the shutdown, the Treasury absorbed substantial market cash and squeezed system reserves; once the government r

Last week, multiple Federal Reserve officials, including Powell, expressed their views, which were generally dovish. Powell mentioned considering ending the balance sheet reduction, further strengthening market expectations for an interest rate cut in October. This caused a temporary rebound in risk assets. However, later in the week, renewed problems in the US banking system emerged, leading to a decline in market risk appetite and a pullback in US stocks. This weighed on copper prices to some extent, followed by a profit-taking correction in gold.Market ReviewObservations from COMEX and SHFE Copper MarketsCOMEX copper prices fluctuated, seeking direction: dovish comments provided short-term support, but banking risks became a drag. Last week, several Fed officials’ comments leaned dovish

Since the end of last year, the US dollar has fallen from its historic highs down to the resistance zone within this cycle of the dollar. During this period, this decline has helped major countries, including emerging markets and emerging assets, to experience significant rebounds. From a technical perspective, the dollar remains near the upper boundary of a longstanding ascending channel formed over the past decade, making a rebound possible.Figure 1: The Dollar Has Not Broken Below the Upward Channel Since 2011 (DXY)However, at the Jackson Hole meeting on August 22, Powell’s dovish speech solidified the market’s conviction in a rate cut in September (with an 86.2% probability, see Figure 2), which has kept the dollar under pressure and pushed it below the July rebound trendline (see Figu

In July 2025, the European Central Bank held interest rates steady, yet the euro sharply depreciated against the U.S. dollar, falling as much as 1.2% in a single day.At first glance, the situation seems puzzling: the market strongly expects the Federal Reserve to cut rates in September, while the ECB is likely to keep rates unchanged, leading to a narrowing of the interest rate gap between the U.S. and Europe. Normally, a narrowing interest rate differential tends to support euro appreciation. However, this time the euro experienced an unexpected "flash crash." The root cause is not the interest rate difference itself but the agreement reached on U.S.-EU tariffs. The market widely views this as a major concession from Europe, and the tariff shock is putting substantial pressure on the Euro

Three Core Forces Driving Commodity Market VolatilityThe year 2025 brings the most intense policy-driven turmoil to global commodities in recent memory. Three main forces are reshaping the resource landscape :Supply chain upheaval triggered by impending US tariffsAn escalating crisis in Federal Reserve independence, complicating monetary policySupply-side shifts sparked by China’s “anti-involution” initiativeAs capital and policy interact, NY COMEX copper futures spiked to $9,900/ton, silicon prices surged nearly 6% in a single day, and lithium carbonate jumped 4.55% in one week. Meanwhile, the US dollar index hovered anxiously at the 97.5 mark .US Tariff Deadline: Copper and Aluminum Markets RespondOn July 9th, the Trump administration announced a 50% tariff on imported copper starting Au

Last night, COMEX copper prices experienced an extraordinary surge, with intraday gains exceeding 10% and a peak increase of 17%, setting a historic record. This dramatic movement caused a stir in the market, prompting widespread discussion about the reasons behind the spike in copper futures prices and the potential duration of this rally.Core Drivers Behind the Surge1. Sudden Stimulus from U.S. Tariff PolicyU.S. President Trump unexpectedly announced last night that he is considering imposing an additional 50% tariff on imported copper. This announcement far exceeded prior market expectations and triggered an intense market reaction.Market participants fear that, if implemented, the tariffs will create a structural shortage in U.S. copper supply. This concern led traders and downstream c