Quick update on Commodities, August 23rd 2015

We are at critical levels across several instruments. While most world equities have either started a good sized decline or just on the verge of doing so. Commodities still struggle to find their place. Regarding base metals, several signals are pointing to the exhaustion of the long term down trend, indicating a turning point should not be all that far off.

However we are still to await for a confirmation of a new uptrend. On short term we might be heading slightly lower before we head back up into early Q4. However as it looks now, the second half of Q4 will be a rather bloody one going into Jan 2016.

If the short term run expected in early Q3 extends, I will be more than happy to announce an end to the bloodshed.  This in light of available info still remains questionable.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s