This Week in Trend – 14 June 2024: Punch-Drunk in the Markets

Get ready for an insightful journey through the latest market movements in this week’s edition of “This Week in Trend,” brought to you by Top Traders Unplugged!

This week’s report highlights the diverse trend drivers impacting the markets. From the substantial dip in the Trend Barometer indicating weak market conditions to the notable fluctuations across asset classes influenced by supply factors, economic indicators, and market predictions.

Some trend followers are feeling a bit punch-drunk this week after facing quite challenging conditions.

Explore how unpredictable weather conditions and geopolitical tensions are affecting energy prices, with heating oil surging by 5.19%. Discover the intricate interplay of supply constraints and demand expectations that are driving up crude oil prices. Understand how improved crop conditions are leading to a sharp decline in oats prices and how this impacts trend-following strategies.

Dive into the details of significant market movements, such as the rise in ethanol prices driven by strong demand for ethanol-blended fuels and concerns over crop conditions, and the decline in palladium prices due to reduced industrial demand and a stronger US dollar.

Equip yourself with the knowledge to navigate these turbulent markets and stay ahead with “This Week in Trend!”

Click on the link to view the report.

 

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