Metals Edge | 11.22.21

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Phillip Streible of Blue Line Futures dives into the commodities markets, with focus on the following:

  • Gold - Friday close below critical support at 1851 was a big "Red Flag".

  • Watch OPEC+ and Biden administration disagree on Crude Oil.

  • Russian troop buildup and possible inflation into Ukraine would be bullish for Crude Oil and Wheat.

  • Flare up in Covid Cases across the globe is bullish for the U.S. Dollar.

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results

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