Commodity recovers slightly on weaker US$ tone but overall sentiment remains bearish as fear of another US recession is still running high. Bears are cautious of another QE moves after Fed casts dwbeat outlook on US economy.
Fcpo take –ve stance after a gap up opening and the first 40 mins run up. A still high stocks data as of end of July, 1.99m toones/-3% from Jun, pull price lower in PM. No fresh year low either. Mostly 2940-60
No comments:
Post a Comment