Commodities Rebounded on Falling Rate Hike Hopes

We are unimpressed by the sharp price rally in crude oil as well as other commodities. We view the strength was mainly driven by US dollar weakness. The US dollar index slumped to a 3-month low of 96.89 before settling at 92.29, down -1.6%. Crude oil fundamentals remained weak with DOE/EIA reporting another week of huge buildup of inventory.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/commodities-rebounded-on-falling-rate-hike-hopes-2016020432275/