Luca Mattei's Opinion & Analysis
A complete archive of Luca Mattei's articles, including current analysis & opinion.
Key Takeaways
Oil trades within a compressed structure as the inflation signal from PPI feeds into yields, USD and energy pricing
Refining constraints and shipping disruptions remain the core drivers...
Key Takeaways
Gold trades in the upper portion of its structure while positioning compresses ahead of the PPI release.
Real yields and USD dynamics remain the dominant transmission channel.
The active...
Key Takeaways
Silver trades near the upper band while positioning compresses ahead of the CPI release
Real yields and Fed expectations remain the dominant transmission channel
The active structure...
Key Takeaways
WTI trades below the 100 regime level after the rapid removal of the war premium, while downstream constraints keep the inflation channel active.
Refining maintenance and product...
Key Takeaways
Gold trades near the 4,660 regime level as the ISM Services print stabilizes expectations around growth and rates.
The reaction remains controlled, and the price stays inside a tight...
Key Takeaways:
Energy and transport flows show broad strength, with crude and tankers leading positioning into NFP
Agricultural markets remain uneven, with wheat, rice and cotton confirming while corn...
Key Takeaways
WTI is testing the lower edge of its structure below 100.00, with 96.17 acting as immediate support as positioning adjusts ahead of key US demand data
Refining constraints, jet fuel...
Ahead of Tuesday’s labor data, silver stabilizes above a recovered pivot while macro pricing continues to anchor participation, with positioning already adjusting into the release and leaving...
Key TakeawaysThe global gas system continues to operate with available supply across regions, yet flexibility is becoming increasingly constrained. LNG flows are adjusting through longer routes,...
Gold is attempting to stabilize, supported by a softer US dollar and easing oil prices as geopolitical tensions show temporary signs of relief. The move has allowed bullion to recover toward the mid...