From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
Pockets of strength continue to emerge within commodities.
This could be hard for some to believe when we see things like energy chopping beneath overhead supply.
Or the fact that precious metals persist in slumming it as some of the worst-performing assets on the planet.
But this is a diverse asset class with plenty of bright spots that suggest strength and support our thesis of a new commodities supercycle.
We’ve recently covered breakouts in Sugar and Feeder Cattle that are both still in play.
Even some of the laggards, like Silver and Lumber, recently defended critical areas of support.
This week, it was impossible to miss the chart of Oat futures. Let’s have a look! [Read more…]