WCU: Commodities break their losing streak

Commodities rallied for the first time in three weeks with broad-based buying supporting most sectors. The dollar weakened and this probably helped drive some of the demand not least the initial jump in precious metals. A big slump in US inventories due to an isolated event gave oil a substantial boost but once again sellers stood ready.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-commodities-break-their-losing-streak-8051889?utm_medium=tf4-feed&utm_source=extract