These are the commodities that I trade. The bullet points show the charcteristics of each asset.
Gold
- Real yields (US 10Y minus inflation)
- USD negative correlation to gold
- Geopolitical risk
- Driven by fear
- Central bank policy
- Risk-on / risk-off sentiment
- Typical daily range: 1–2%
-> Gold often moves inversely to the USD and real yields.
WTI Crude Oil
- US inventory data (EIA Wednesdays)
- OPEC+ decisions
- Geopolitics, wars: bullish, recession: bearish
- Global growth expectations
- heavily driven by supply and demand
- Typical daily range: 2–5%
-> Highly news-driven and volatile.
Silver
- Mix of gold (monetary metal) + industrial demand
- Moves more aggressively than gold
- Often higher volatility
- Typical daily range: 2–4%
Platinum
- Wider spreads, especially during news
- Sensitive to USD strength
- South Africa supply news
- thin liquidity: More wicks and fake breakouts
- Typical daily range: 1.5–3%
Copper
- Global growth proxy
- China demand (very important)
- Construction & manufacturing data
- Typical daily range: 1.5–3%
-> Copper is often called “Dr. Copper” because it reflects global economic health.
Natural Gas
- Weather (winter/summer demand)
- Storage reports (EIA Thursday)
- Extremely volatile
- Mean-reverting tendencies
- NatGas can move 5–10% in a day