How the bullish prediction of Copper’s market sentiment helps us predict the current economic market.
Copper is highly volatile and has high liquidity, making this commodity attractive to traders. Copper is sometimes used as a tool to predict current market conditions, a change in the price of copper can sometimes suggest either global growth or perhaps a potential upcoming recession. Over the past year copper prices have been rising, in the past month the prices have been more volatile. As of today, since the market opened this morning the price of copper reached a high of 4.76802 beating yesterday's high price.
Price of Copper Chart
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Palladium as an alternative to Platinum and its performance in the current market.
At the start of the Russia-Ukraine conflict, the price of Palladium skyrocketed, since then the price has somewhat normalized. Since the market opened today, the highest price of palladium is $2419.50.
Price of Palladium Chart
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What is happening with Corn?
The price of corn is largely correlated with the prices of other agricultural products such as wheat and barley. The price of corn also affects the profitability of the cattle industry.. This price of corn is affected a lot by the adverse weather conditions in the regions of main corn production, even the slightest weather abnormality can largely affect the price of this commodity. Therefore, The price of corn futures has not seen much stability in the past month. Since the market opened today, the price of corn has reached a high of $771.06.
Corn Price Chart
Sources: Finance.Yahoo.com, Naga.com