Black gold has been shown as one of the winning investment bets in 2021. If we talk about the US benchmark West Texas Intermediate (WTI) it has appreciated 70%. And that in the slightly more than eleven months that we have been.
If we look at the revaluation of the WTI in the last twelve months , it is 107%. What's more, even those who entered the WTI already established the trend, have won. The revaluation of the WTI in the last three months is 23%, a not inconsiderable gain.
However, it is possible that WTI oil is losing gas. In the last month, which would go from mid-October to mid-November, the rise would be only 2.4%, does that mean that WTI oil has reached its maximum for now? It does not seem. Commodity trading is closely tied to the business cycle and the cycle does not appear to have changed.
In fact, on Friday, November 5, the WTI oil futures contract due to expire in December rose close to one percentage point. And all futures contracts up to those due in August 2022 showed similar increases.
Therefore, the appreciation of futures with a closer maturity continues, showing that there is a clear limitation in the offer.
The economy and the pandemic support the rise in WTI
Recall that an improvement has just been known in the US labor market. 531,000 new jobs were created in October and the September data was revised upwards to 312,000 jobs compared to 194,000 previously. At this rate of job creation, it would take a further nine months to recover the jobs lost due to the pandemic.
Regarding the employment survey, the unemployment rate of the US economy also improved more than expected, falling two tenths in the month to levels of 4.6%.
On the side of the pandemic, from now on and after 20 months of almost total closure, the United States reopens its borders for those who are vaccinated with a complete schedule and present a negative PCR or antigen test. In principle, this measure benefits citizens from Europe, China, South Africa, Brazil and India.
But not only the WTI-type oil or the benchmark brent rate in Europe has shone. It has also been a good year for other raw materials. Perhaps today natural gas is in the news because it is at record highs in its European (TTF) and US (Henry Hub) benchmarks.
Experts predict that the arrival of cold in the northern hemisphere and supply problems in Europe will keep natural gas prices at high levels. Perhaps it is the bet for the next few months.
Or, better yet, it may be time to visit your online broker's YouTube website to learn new techniques to get the most out of your investments. Or to change operators if you do not have the possibility of training through tutorials on the YouTube website of your broker .
But neither should you forget about the precious metal when trading commodities. For example, the gold futures contract due to expire in November has rebounded in recent sessions to exceed the $ 1,800 / ounce barrier.
At the moment it stands at 1,814 dollars and adds almost a 3% appreciation in the last two days of the previous week. The cuts in the IRRs of the bonds in the last two sessions have supported the advances in the price.