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Retail Sales Data Impacting Commodities

“I suspect shortly, maybe around $74 or so, they (OPEC) may announce a meeting.” Bob Iaccino gives a thorough rundown on crude oil, gold, and crypto currency. He highlights his reasoning for the sharp move to the downside in energy commodities right after the Retail Sales report, which was released earlier in the session. Retail Sales data can be a tricky economic report to interpret but Bob breaks it down with ease.

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15 Sep 2022

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