Markets seem to waiting for some type of
catalyst to determine the direction of the next
leg. Inside day in Crude oil as prices hover
around $82/barrel.
1 year ago today
equity markets bottomed
and a vicious rally
ensued but are we any
better off than we were
at that time? The lack of
new buying above $80
hints of a correction to
come.
That is not to say ALL
commodities will correct
but examining the
technicals and digging
deeper into the
fundamentals we expect a
“healthy” correction in a
number of commodities.
Markets seem to waiting for some type of catalyst to determine the direction of the next leg. Inside day in Crude oil as prices hover around $82/barrel.