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1059 days ago

Oil price drops as pipeline outage weighs on US Gulf Coast refinery runs

Oil prices fell on Tuesday as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners to cut output, denting their appetite for crude.

#Commodities
Oil price drops as pipeline outage weighs on US Gulf Coast refinery runs

1060 days ago

Iron ore prices soared 10% past their $200 per tonne peak

Prices of industrial commodities continue to reach multi-year highs as economic recovery is set to boost demand for metals used in construction and manufacturing in a wake of already limited supply. Iron ore prices surged more than 10% past $200 per tonne as China entered peak construction season while copper keeps hitting new record highs getting a boost from reopening economies and a shift towards green energy.

#Commodities

1060 days ago

Gold reaches measured objective in TEXTBOOK double bottom !

The price of gold has now risen the hight of the double bottom pattern above the neckline of the pattern. It even produced a nice re-test of the neckline for a confirmation buy signal along the way.

#Commodities #Technical Analysis
Gold reaches measured objective in TEXTBOOK double bottom

1060 days ago

Commodities - iron and copper prices keep rising

The iron ore was up another 9% today, while copper is also making new all time highs. The demand of resources for the economic rebound does not seem to die down. 

#Commodities
Commodities - iron and copper prices keep rising

1060 days ago

Visualizing What $50k In Lumber Can Build Today Versus Last Year

Skyrocketing lumber prices have more than tripled over the past 12 months and made the cost associated with building an average new single-family home significantly rise. Visual Capitalist dove deeper into the lumber price storm to find out how many new single-family homes $50k in lumber can build today versus the same period in 2020. See infographic below. 

#Commodities
What $50k in Lumber can build
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