OctaFX | OctaFX Forex Broker
Open trading account
Back

Precious Metals: Downside flow in silver and platinum – TDS

A pullback is in play in precious metal, as analysts at TD Securities anticipated.  The weakness in the near-term is going to see profits taken by CTAs.

Key quotes

“Dry-powder analysis suggests that per-trader positioning has never been this extended, which now poses a significant risk for a rush-to-the-exits.”

“The risk of continued weakness in the near-term is extremely elevated. Meanwhile, we suspect that silver will underperform as it holds a lower beta to Fed expectations and is the less preferred option for safe-haven flows.”

“We expect CTAs to add to downside flow in silver and platinum as the trend followers take profits in response to the weakening uptrend.”

 

WTI under pressure around $49.00 ahead of EIA

Another day, another drop in crude oil prices. Indeed, prices of the barrel of WTI have accelerated the recent breakdown of the $50.00 mark and droppe
Read more Previous

Copper: Trend followers to add shorts – TDS

Despite a sharp drop in risk assets, the industrial metals complex is thus far holding its ground — although the red metal has underperformed in the o
Read more Next
Start livechat