Commodity futures prices for platinum rose to $928.50 per ounce, gaining 0.9%, supported by automotive sector demand recovery and supply constraints from South African mines. Tell me what you think. I really enjoy getting email from my valued Barchart readers all over the world. Email me at [email protected]. Hypothesis 2: Non-commercial traders dominate in trend-following trading while commercial traders dominate in counter-trend trading . As commercial traders have the necessity for hedging through spot contracts or paired trades, there exists a counter-trend trading motivation characterized by selling more as prices rise and buying more as prices fall; conversely, non-commercial traders, represented by financial investors, engage in trend-following trading driven by speculative motives. Soybean futures traded steady at $13.22 per bushel. Commodity futures prices outlook remains balanced, with demand in China offsetting ample U.S. harvest yields.
