Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Shyam Devani provides key market commentary encompassing analysis of Foreign Exchange, Fixed Income, Commodities, and Equities globally – both in G10 and Local Markets. He takes a multi asset class approach incorporating fundamental, behavioural, and historical trends as well as technical signals.

Shyam has delivered strategic market insights to a number of trading desks and institutional clients internationally (funds/corporates/banks) through written publications, presentations, face to face meetings and conferences. He has had numerous appearances on CNBC, Bloomberg, and Singapore Radio providing his short and medium term views on markets while being the front office media commentator during his time at Citi.

He has been commentating on financial markets since 2004. Since 2006, he was running one of Citi’s top market products, CitiFXTechnicals, initially in London followed by Singapore where he took a lead role in enhancing the coverage of markets in Asia.

Founder & Chief Market Strategist - SAV Markets

Lower Real Yields with Higher Oil Supports Gold

Weekly Oil Views: Crude Rally Perplexes, Riding on the Coattails of Gas Crunch

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Technical Analysis

In late August Oil showed signs that a rise towards $85 could be seen. That target has effectively been met, thus encouraging a more neutral stance in the near term, especially as major levels around $87-$90 are just overheadHowever, this does not apply to the wider commodities space. Copper has rallied through key levels pointing to the trend highs again. The London Metals Exchange Index is already making new trend highs and will soon to make all-time highs.As a consequence, even though there might be some ‘relief’ in the energy space, the rise in metals prices are likely to keep any degree of inflation concerns in place.

In late August Oil showed signs that a rise towards $85 could be seen. That target has effectively been met, thus encouraging a more neutral stance in the near term, especially as major levels around $87-$90 are just overheadHowever, this does not apply to the wider commodities space. Copper has rallied through key levels pointing to the trend highs again. The London Metals Exchange Index is already making new trend highs and will soon to make all-time highs.As a consequence, even though there might be some ‘relief’ in the energy space, the rise in metals prices are likely to keep any degree of inflation concerns in place.

Crude Oil

Oil Target Met but Metals on the Up