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Jobless Claims and Factors Driving Volatility In Crude Oil

Initial jobless claims came in at 222K versus the expected 240K. The employment numbers continue to trend in a positive direction, says Dan Deming of KKM Financial. There is some retesting of price discovery in crude oil future, he adds. Gold futures (/GC) are hovering around the 1800 level, explains Dan. He points out silver has a manufacturing attachment and there may be a slowdown. He weighs in on copper while Ben shows the chart of copper holding at just below the 50-day moving average.

Futures

02 Dec 2021

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