Today commodity as a pack is in big retreat as supply glut and demand weakness continue to weigh on prices.
- Copper has decisive broken 3 month congestion and dropped to new six year low today. Price is down for seventh consecutive days. Copper is currently trading at $2.16/pound. If weakness in China persists, price could drop as low as $1.85/pound, however a break of $2/pound area won't be easy to come by.
- Oil price is down close to 2%, with Brent benchmark leading the way for WTI. WTI is currently trading at $41.8/barrel, lowest level since August. Brent benchmark $44.7/barrel, down close to 2.8% today so far and at lowest level since August. Latest report from OPEC showed cartel production is still we above target at 31.4 million barrels/day.
- Precious metal pack too having similar bad day. Gold price is down 1% so far, while Silver is down close to 0.7% for the day so far. Gold price is now to lowest level since July this year.


Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war
Is Netanyahu’s star waning in Washington? His latest meeting with Trump suggests it may be
World game at war: why some European nations have threatened a World Cup boycott
Same sparkle, different story: how lab-grown diamonds are transforming the market
Gold Shines on Oil Relief: Buy Dips at $4160, Targeting $4305 as Bullish EMAs Dominate 



