Base metals are also showing signs of improvement on the monthly and longer-term charts.
I'm wondering if we are going to see some nice returns in Copper - and other commodity classes.
RajDhall
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@Michael_Macdonald-XATSUK, Agreed Mike my longer term worry is just Chinese demand though, but on a technical note its looking good
Michael_Macdonald-XATSUK
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@RajDhall, If you look at Copper v SPX, there are signs of asset rotation into base metals. The same for Ags, and, to a lesser extent, Gold and PM.
I'm still biased long comms, short equities for US assets, although that doesn't preclude further SPX gains in the coming weeks.
I'm wondering if we are going to see some nice returns in Copper - and other commodity classes.