Today commodity as a pack is in big retreat as supply glut and demand weakness continue to weigh on prices.
- Copper has decisive broken 3 month congestion and dropped to new six year low today. Price is down for seventh consecutive days. Copper is currently trading at $2.16/pound. If weakness in China persists, price could drop as low as $1.85/pound, however a break of $2/pound area won't be easy to come by.
- Oil price is down close to 2%, with Brent benchmark leading the way for WTI. WTI is currently trading at $41.8/barrel, lowest level since August. Brent benchmark $44.7/barrel, down close to 2.8% today so far and at lowest level since August. Latest report from OPEC showed cartel production is still we above target at 31.4 million barrels/day.
- Precious metal pack too having similar bad day. Gold price is down 1% so far, while Silver is down close to 0.7% for the day so far. Gold price is now to lowest level since July this year.


World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game
How AI prompting turned writerly description into an everyday skill
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
How Donald Trump has changed the way diplomacy is done
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 



