SaxoTV

Oil spikes, shorting Gold and going with the grain

643 views
March 27, 2015 comm, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commoditiies, commodity, commodity corner, commodity currencies, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, corn, corn dops, corn drops, corn price, corn prices, corn production, corn supply, corn supply record high, corporate bonds, cotn, gold, gold bars, gold bonds, gold bullion, gold buy, gold buying, gold commodities, gold commodity, gold confidence, gold demand, gold dollar, gold exchange, gold future, gold investing, gold investment, gold levels, gold long, gold low, gold market, gold predictions, gold price, gold prices, gold resistance, gold spot, gold supply, gold support, gold trade, gold trading, gold trading levels, golden, goldman, goldman sachs, goldprice, ioil, oi, oikl, oil, oil 100 price, oil 50 a barrel, oil 80 a barrel, oil and gas, oil and gas engineer, oil and gas services, oil and gold, oil asia, oil barrier, oil bounce, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil crash, oil crisis, oil currencies, oil currency, oil decline, oil declines, oil demand, oil dollars, oil down, oil drop, oil egypt, oil equity, oil exploration, oil futures, oil gains, oil gold corn, oil grilling, oil growth, oil hits 80 dollars, oil industry, oil inventories, oil iran, oil levels, oil libya, oil majors, oil market, oil market', oil market', oil markets, oil news, oil opec production, oil outlook, oil pressure, oil price, oil price fall, oil price targets, oil prices, oil prices 2015, oil prices historic, oil producers, oil production, oil range, oil refinery, oil sector, oil selloff, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil tankers, oil target, oil targets, oil trading, oil trading', oil trading', oil trading', oil trading', oil up, oil us shutdown, oil wealth, oilsupply, oioi, saxo tv, social trading, soy, soy beans, soya, soyabeans, soybean, soybean crop, soybean crops, soybean south america, soybeans, tradingfloor.com, wheat, wheat bushels, wheat price, wheat prices, wheat production, when does earnings season start, where to invest
Saxo Bank's Head of Commodity Strategy Ole Hansen gives us his weekly round up of the markets, concentrating on oil, gold and crops. 

Oil saw a 6% rise this week after Saudi Arabia launched airstrikes on Yemen but the spike was short-lived and prices fell back. Ole argues that the market reaction simply reflects the usual response to Middle East instability: an initial knee-jerk jump then calm when a conflict flares but doesn't spread.      

Gold has been finding support amid the Yemen crisis and USD weakness but a return of the dollar bulls could lead to a correction and Ole's trade tip is to short gold.

US farmers reveal their planting plans for the year at the end of March with a strong USD appearing to result in a reduction of wheat planting because exports become more expensive to sell.