Today in Commodities: OPEC Sets the Tone
No action by OPEC today reverses Crude and from here we should see higher pricing. July futures settled back over the 9 day MA and we should be on way to the 40 day MA at $104.50. The only dynamic that could slow appreciation is if we see a dramatic pop in the US dollar which at this juncture does not look likely.
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments