Commodities versus cross pairs with iForex

[Kelune]

I don't think people trade it more tbo. But iForex has very sweet costs for crosspairs for sure.

[Arcanebringer]

at least we have the same opinion about broker's conditions

[Agajurus]

And what about oil? There are so much noise about it few last weeks. What do you think?

[Arcanebringer]

As long as OPEC is controlling production of oil by the current rules, I don't think the price will decline a lot. Moreover it looks like energy crisis is has just begun.
By the way, oil was, is and I guess will be very volitile product due to its indispensability in the future, at least for now.

[Agajurus]

But Europe declare to invest in "green" energy. And that is a big market for the whole world.

[Arcanebringer]

You're right, but first thing - they have just declared it. It should take some time for companies to develop product that could compete with oil. And second thing is that I said above - energy crisis' just started, it can last for long and this fact can hold prices on the current level or above.

[Kelune]

The whole situation with energies is messed up at the moment. The EU is in a massive shortage of gas, therefore gas prices pumped up the EU inflation to an extreme degree. So fundamentally energy commodities prices are very uncertain.
In this regard Europe is far from switching to green energy.

[Agajurus]

Right! Fundamental factors are pretty straightforward. However I just looked at the charts and neither oil nor natural gas prices are going to hike, as far as I can see.

[Arcanebringer]

Well, it’s debatable. I think WTI crude oil will soon bounce to the price point around $65-67. The same with Natural gas spot price. It will finish the bearish movement to $4 and reverse the trend.

[Gholbizel]

Hi guys! Thanks a lot for the analytics. iForex trading conditions are quite enticing to open an account and place some selling positions on Crude oil, but not in the long term though.

[Kelune]

Agree. I guess nothing can be predicted in the long term now, especially oil

[Gholbizel]

Yep, political influence now is stronger than ever. Nobody can calculate where markets will be tomorrow not to mention longer time.

[Agajurus]

The only thing that can be analyzed in some way is currencies. But there could be a lot of surprises also.

[Gholbizel]

Sure, at least you can trade currencies with a half of regular amount in order to reduce risk.

[Gholbizel]

So what do you guys thing about FRS behaviour now? How could it affect the currencies?