Crude oil prices have unexpectedly dropped, catching many traders off guard. The market is currently experiencing a contango situation, with futures traders driving the commodity market. This article provides insights and predictions for traders to navigate the current situation.
What is the recommended strategy for traders in the current market?
The speaker suggests maintaining current strategies of betting against debt, owning central banks, and investing in commodities and cryptocurrencies.
What asset is recommended as the most undervalued?
Physical silver is recommended as the most undervalued asset.
How are central bank actions impacting the market?
The market may experience a slight pullback before establishing a new floor, which is seen as bullish.
What is driving down spot prices in the commodity market?
Futures traders are betting on higher futures prices, which drives down spot prices.
What is the current situation of crude oil in the market?
Crude oil is currently caught in a contango situation, where traders are betting on the futures price to rise.
Crude oil prices have unexpectedly dropped, catching many traders off guard. The market is currently experiencing a contango situation, with futures traders driving the commodity market. This article provides insights and predictions for traders to navigate the current situation.
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