The Fed can't justify a rate cut soon on the strong jobs growth data. Expect bond selling and a follow-on hit to equities.
Petroleum producing nations know supply, but can't figure out demand as U.S. shale, the China trade war and international dealing by Saudi Arabia and Russia come into play.
The yellow metal is a beneficiary of the combination of 'rate cut mania' as well as global uncertainty,
In a more complex trade I would want to be long some sort of ratio risk reversal.
Cash is king from a risk vs. reward perspective.
Options enable traders to express their opinions in market pricing without the stress and risk of buying or selling futures contracts outright.
Commodity prices are highly influenced by action in the currency markets which will undoubtedly have something to say about the Federal Reserve meeting.
Product demand remains tepid at best and OPEC has downgraded its oil demand growth for 2019.
Natural gas, specifically, has been a trader's market, not a place for long-term investments.
The charts suggest we could see a good trading move for the precious metal.