| The commodities market has set itself up for a self-defeating rally, Jeff Currie, global head of commodities research at Goldman Sachs, said, as U.S. crude closed down 1 percent. Currie said that market views have driven a premature surge in commodity prices that is unsustainable.
"I think there were three forces at play ... reflation, realignment and relevering," he said. Currie says that the expectation of the oil market rebalancing sparked a big rally recently, but those were mere presumptions. He added that as people adopted the idea of central bank policy realignment, the dollar became weaker and commodity prices rose...............................................Full Article: Source
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