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Raw commodities show signs of bottoming

Posted on 21 June 2012

A scan of the daily price charts for several raw commodity markets (grains, cotton, gold, livestock, sugar and natural gas) shows that fledgling uptrends are occurring, or at least those markets have rebounded well up from their recent lows.
While the raw commodity bulls have more work to do to make a convincing case that the sector is in a fresh bull run, the rebounds in market price are a significant early clue that the entire raw commodity sector has hit or is close to a major bottom………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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