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A recovery in badets considered at risk globally, including commodities and emerging currencies, and pending news of the US trade war or the US Federal Reserve and dollar movements, the country's main export begins
With an increase of 0.58%, copper closed Monday on the London Metal Exchange (LME) at 2.83314 USD per pound, a value comparable to that of the US $ 2 81681 Friday and US $ 2 83314 Thursday.
Mixed results in the future because, as a result of the above, the monthly average rose to $ 2,80619, while the annual average returned to $ 2,97725.
Goldman Expects Commodity Prices to Rise in 2019.
Goldman Sachs Inc. Group Not Concerned About Commodity Prospects and Expects Return of About 17% on commodities. next month The company says the current situation is unsustainable and believes the meeting of the G-20 in Buenos Aires this week is a possible turning point.
"Given the extent of commodity price disturbances relative to the baseline fundamentals – now that oil has been added to metals with prices below cost support – we believe that commodities base offer an extremely attractive entry point for long bets on oil, gold and the base, "said badysts. Among those who include Jeffrey Currie in the report, the commentary lists the 10 most important trading ideas for 2019, including a rebound in Brent when OPEC reduces supply.
November was a difficult month for commodities. premiums for a badtail of toxic elements: crude oil sank due to fear of an oversupply, metals fell due to fears of a slowdown in growth Investors s & # 39; 39, are concerned about the prospects of the trade war between the United States and China. This week, G20 leaders gathered in Argentina, offering presidents Donald Trump and Xi Jinping the opportunity to tackle trade tensions, while Russian President Vladimir Putin could discuss oil policy with the Crown Prince from the country. Crown of Saudi Arabia, Mohammed bin Salman.
"Many of the political uncertainties that weigh on commodities markets have a significant chance of being resolved in Buenos Aires," said Mr. Goldman. -United States and, as at the 2016 G20 meetings, more clarity on a possible reduction of OPEC. "
These are some of Goldman's main ideas for next year, according to the report .:
Oil: Goldman Expects a Reduction in OPEC Supplies. announcement will lead to a rebound in prices.It recommends bets on Brent in the short term Back to regulation Gas: the recent rebound in winter contracts, due to a cold winter start, canceled the natural gas contract signed in April 2019. Gold: The market has accounted for 10 of the 12 expected hikes from the Federal Reserve and there will be a change in the strong dollar trend. "If US growth slows as expected, gold would benefit from increased demand "Defensive badets," said Goldman, adding that central bank purchases could benefit from additional support.Agriculture: recommends long bets on Chicago soybeans and short bets on maize . "It is likely that the next G-20 talks in Argentina will be as important for the short-term orientation of US grain prices as the summer weather in general, "said Goldman. "Our opinion on the likely outcome of the meetings for the trade war (probably a pause, but with a possibility of normalization) is more optimistic than what the markets currently rely on."
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