Commodities Daily - February 25, 2019
> Oil prices stable; market reaction to Trump's overnight trade deal announcements eyed. Key for us today is whether the trade deal optimism will be strong enough to push Brent above the $68/bbl mark, a strong technical resistance point (the 50% Fibonacci retracement from the October price correction).> Gold trading above Friday's levels this morning. President Donald Trump's decision to extend the trade truce with China and push back the tariff hike caused metal prices to climb higher, and gold was no exception. We expect gold prices to hold in the $1,330-1,335/oz range today.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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