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Gold and Oil Moving Monday

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  • Description

    FBN’s Sandra Smith breaks down Monday’s biggest commodity movers.

  • Duration 0:56
  • Date

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Good to have you are right back to sever -- the commodity rally continue.

-- they're breaking down the trade Sandra lives here is the three month gold chart obviously a big influence in the US dollar and that the US -- higher gold tends to go lower but that's not the underlying sentiment in fact the CFTC -- said.

Gold holdings meaning bullish -- behind the price of gold have gone up 35% since this -- me back in mid may early June.

Flip that -- -- oil prices they continued to see the bullish -- built in -- up 18% overall bullish gold holdings.

In W the WTI contract up 18%.

Since June.

Now topping 92 dollars a barrel and lastly.

You heard from -- earlier that premarket down today but one day it trade doesn't necessarily mean that's the trend.

In the underlying trend in the -- market is still very bullish in fact was the CFTC's latest report showed that over forty billion dollars a bullish bets is behind these grains and -- analysts is called for a top they're just yet.

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