Something for your Espresso: Time for commodities to shine?
Are we approaching the point in the cycle where commodities start to reflate? We have seen interesting break-outs of Copper, Silver and Oil.
What looked like a 5-day streak for rising Chinese equities relative to Japanese equities reversed into the latter part of the session. We continue to like the rotation trade from Japan to China and will elaborate in our Japan/China watch our shortly.
The commodity market is also starting to showcase that China is improving as Copper, Silver and Oil are breaking out to the upside it seems.
BCOM (the broad commodity index) also looks technically very bullish after yesterday’s move.
Chart 1: Broad commodities starting to look bullish technically
Are we approaching the point in the cycle where commodities start to reflate? We have seen interesting break-outs of Copper, Silver and Oil.
0 Comments