Our Secret Inflation Barometer Is Building a Breakout Base

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XAG/USD News

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Commodities Analysis by Michele Schneider covering: XAG/USD, US Dollar Index Futures, Silver Futures, Crude Oil WTI Futures. Read Michele Schneider's latest article on Investing.com

fails 103 and selling pressure returns. Rumor has it through Russia that BRICS is working to create an independent payment system based on digital currencies and blockchain

India's agricultural agency reported a fungus crop was spreading through a key sugar-growing region.Protectionism is rising as countries look to protect their domestic markets. Bolivia has been grappling with economic turmoil, which could, directly and indirectly, impact sugar prices-Bolivia’s economic woes may indirectly contribute to global sugar price fluctuations, especially if it disrupts trade or production.CANE is outperforming the benchmark for the first time in a while.Resistance is higher at 13.30 or the 200-DMA.Whether sugar is our ultimate X factor or not, it is super reliable to watch because it checks all the boxes200-week moving average support at 72.75.

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