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Commodities Briefing - Categorized | Commodity Crisis, Trading more

Trading the commodity slump

Posted on 10 October 2012

It could be due to mild dollar strength or outside market influence, but we’ve seen a number of declines in the commodity sector in recent weeks and months. I’m going to jump around to some of the major commodities, identify their moves of late and opine on whether they’re likely to continue heading south.
In the energy complex, crude oil has traded down from the $100-per-barrel level, shedding just over $10, or 10%. This move has happened within the last three weeks and, in my eyes, prices could see an additional $3 to $5 of deprecation before this leg is complete………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37037 posts on Opalesque Commodities Briefing.


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