Commodities Daily - June 7, 2018
Oil range-bound after surprise US crude inventory buildup and Wall Street rally. We expect Brent to trade within a $75-76/bbl range today, drawing support from further dollar weakening.Gold prices stay flat, with dollar weakness offset by rising Treasury yields. Today, we see an important resistance level at 1.1850, which even in the face of higher yields should ensure gold stays above $1,300/oz.
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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