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Commodities Briefing - Categorized | Commentaries, Market Moves, Price Watch more

Commodity momentum: End-of-year rally on its way?

Posted on 23 November 2012

Several new commodities are starting to join the positive momentum which has been building over the last week. Yesterday it was sugar which saw momentum catch up with last Monday’s price spike and copper could be turning positive today.
The grains sector, which up until now has seen the strongest 2012 performance (see below), continues to suffer from elevated long liquidation. Soybeans, for example, have corrected almost 23 percent from the August peak and there are now signs of some bottom fishing emerging………………………………………..Full Article: Source


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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