Summary
• Iron remains stable.
• Coal and the Baltic Dry have both found support.
• Crude oil appears to be rolling over.
• Copper remains vulnerable to a correction.
New Trading Ranges Appear
The past two weeks saw major industrial commodity markets stabilise further. Gas is a notable exception. This is due apparently to idiosyncratic factors, particularly the ongoing disputes between Russia and the EU regarding pipeline transmission amid an arriving winter cold snap.
Summary
• Iron remains stable.
• Coal and the Baltic Dry have both found support.
• Crude oil appears to be rolling over.
• Copper remains vulnerable to a correction.
New Trading Ranges Appear
The past two weeks saw major industrial commodity markets stabilise further. Gas is a notable exception. This is due apparently to idiosyncratic factors, particularly the ongoing disputes between Russia and the EU regarding pipeline transmission amid an arriving winter cold snap.
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