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The Week in Commodities: Oil ‘Make or Break’ on Iranian Nuclear Deal
Manage episode 483164923 series 3645668
Phil Streible reviews the week in commodity markets. He thinks gold has proven itself as a safety play to the retail market recently, and thinks investors will continue to allocate a part of their portfolio to the metal. For crude oil, he sees resistance around $65-$66 and calls the Iranian nuclear agreement the “make or break moment” for prices. He looks at bitcoin, saying a break below $100K could cause it to “wash out quickly.”
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4769 episodes
Manage episode 483164923 series 3645668
Phil Streible reviews the week in commodity markets. He thinks gold has proven itself as a safety play to the retail market recently, and thinks investors will continue to allocate a part of their portfolio to the metal. For crude oil, he sees resistance around $65-$66 and calls the Iranian nuclear agreement the “make or break moment” for prices. He looks at bitcoin, saying a break below $100K could cause it to “wash out quickly.”
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
4769 episodes
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