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Video: Weekly Commodity Forecast – Gold, Silver, Platinum. Crude Oil for May 18-22, 2020

Summary:
In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of May 18–22, 2020. He starts the video with the discussion of the recent surge of prices for precious metals, with gold reaching a new 7-year high. Next, he shows charts and speculates whether the metals can go even higher. As for crude oil, there is still a danger that traders will start selling the front-month contract en mass as it near the expiry date, the same they were doing last month. Nevertheless, crude looks rather bullish for now, and it may be dangerous selling it until sings of a trend reversal become apparent. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic,

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In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of May 18–22, 2020. He starts the video with the discussion of the recent surge of prices for precious metals, with gold reaching a new 7-year high. Next, he shows charts and speculates whether the metals can go even higher. As for crude oil, there is still a danger that traders will start selling the front-month contract en mass as it near the expiry date, the same they were doing last month. Nevertheless, crude looks rather bullish for now, and it may be dangerous selling it until sings of a trend reversal become apparent.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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