It seems that because of the tensions in the Middle East, big investors have been looking to buy raw materials. Light crude oil rose to levels last seen in 2014, while gold and aluminum marked strong upward pulses. With the rise in commodities, the Bloomberg Commodity Index posted its biggest gain since 2016. here. In support of the long-running idea, MACD measuring the price variation from the average values went into positive territory signaling a start for a new upward momentum.
Source: Bloomberg Pro Terminal
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