Commodities Daily - July 23, 2018
Oil supported by limited Saudi August exports, Iranian escalation and weaker dollar but pressured by growing trade dispute. Today, we think Brent is likely to break above $73/bbl and consolidate above that mark, as we believe bullish factors are set to outweigh demand growth concerns stemming from the trade dispute.Gold supported by ongoing dollar weakness. We do not expect last week's volatility to carry over to today's session and see gold trading within the current $1,230-1,235/oz range.
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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