Key Drivers For Volatility In Crude (/CL), Gold (/GC), and Grains
b"The demand is there for crude oil (/CL), so when you combine the massive demand with potential supply disruption, that's why you see volatility, says Scott Bauer of Prosper Trading Academy. Scott thinks 90 is the equilibrium point for crude oil futures price, but it should be 80 plus per barrel, and there is about a 10-12% premium in there for geopolitical tensions. Scott feels that gold (/GC) should be at 2100, but its not. Scott analyzes the sharp increase in grains futures including wheat (/ZW) and corn (/ZC)."