From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Many of the same themes that we came across in last week’s Commodity Report continue to play out.
Overhead supply keeps demand at bay while price churns sideways, offering mixed signals.
Like many areas of the market, Commodities are a bit messy.
While sideways price action and choppy market conditions are the norms at the moment, there is one consolidation in the Commodity space that demands our close attention.