Interviews
News Flash
Good export sales in cotton
18 Jan '08
2 min read
Obviously, the technicals are still positive, but we do have the RSI back near 70, specs should be over 30% long at record breaking open interest and the cert stocks are growing again. Fundamentally, there is no reason for the market to go higher, but we are in the middle of a fund driven spec rally which the trade are unable to control.
After seeing the stock market reaching 15 month lows, it could be hard for the blazing hot commodity market to continue on this pace. Friday could be a volatile day heading into a 3-day weekend.
Click here to view more:
After seeing the stock market reaching 15 month lows, it could be hard for the blazing hot commodity market to continue on this pace. Friday could be a volatile day heading into a 3-day weekend.
Click here to view more:
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