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Commodities Briefing - Categorized | Market Moves, Trends more

Analysis:Commodity bulls, bloody but unbowed, to charge anew

Posted on 06 May 2011

The brutal selloff in commodity markets on Thursday had no obvious trigger, and by the same token, there was no obvious reason why prices should not recover in the next few weeks or months.

The speed of this week’s retreat, which went into free-fall on Thursday as oil prices plunged by a record $12, has stunned many traders. The 19-commodities CRB index .CRB fell 5 percent, a level exceeded only four times before, three of those in the midst of the 2008 financial crisis……………………………………….Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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