Weekly Commodity Podcast With Ravindra Rao | 12th Dec 2022

Highlights of this week's Commodity Podcast:• It was a mixed week for commodities and the U.S. dollar index as encouraging economic data print supported the recovery in the dollar and capped commodity gains.• This week’s U.S. CPI data will be an important market mover as a softer print might support the belief that inflation is actually moderating.• The consensus is high for a 50-bps point hike by the Fed this week. • Precious metals traded mixed. It will be a crucial week for the precious metals as the U.S. CPI print and the FOMC meeting will drive prices.• WTI Crude oil saw a sharp drop of over 11% in the previous week.• We expect limited downside in crude oil as any bullish factor might trigger a sharp short covering.• On the metals front, all except aluminium and lead traded positive in the week. • Focus for the week would be on U.S. CPI print & FOMC meeting, as well as ECB and BOE monetary policy meetings.#commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast