| The CRB, a global commodities benchmark broke 300 level on Wednesday; this fall according to Dhiren Sarin, chief technical strategist - Asia-Pacific, Barclays Capital is concerning and shows weakness in commodities.
The downside driver for the CRB index has been base metals, he said. “If you look at the likes of copper and platinum, it seems to have broken down quite sharply, which is causing some drag on commodity markets.” Given this, he expects commodities especially, base metals to underperform in the near-term...............................................Full Article: Source |