Despite stronger than expected GDP numbers from China, it would appear that commodities remain in their recent ranges. This is even though demand from the Middle East and China is rising in the agricultural commodities. These according to Stephen Pope of Spotlight Group could be the driver for a break to the upside. At the same time it could very well be that flatlining volatility in Crude Oil is a sign that recent ranges are likely to continue towards $50 within a corrective channel.

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