• Crude Oil: Strength viewed as corrective only and expected to terminate shortly Continue Reading…

Copper: During the past sessions selling have been paused and a minor correction higher unfolding. Continue Reading…

Don’t expect an H2 rebound

The much-anticipated Chinese data for the month of May are now in, and it has become increasingly clear that the prospects of an H2 rebound in the Middle Kingdom are fading fast. Continue Reading…

Copper: The late April/early May upward correction has now, as looked for last week, been ended. Continue Reading…

Base metals ended lower on resurgent demand concerns as the Chinese and German economies showed evidence of slowing growth, Continue Reading…

Base metals and crude oil benchmarks were mixed as weaker-than-expected growth in US factory orders in April countered stronger-than- forecast growth in the Continue Reading…

Brent crude($101.9): Last month an attempt higher become quickly rejected which indicates that the downside pressure remains intact. Continue Reading…

Copper prices rose on supply concerns as Freeport-McMoRan said that an Indonesian government probe into accidents at its Grasberg operations may close the mine for as long as three months. Continue Reading…

Copper: The market continues to meet sellers in the 55d ma band so upside potential seems limited to us. Continue Reading…

Today’s highlights:

• Chart of the Day: Cotton (July ’13) has completed a large “head and shoulders” pattern, setting a major top to the market. Continue Reading…