Friday, August 15, 2014

Copper & Crude Are Getting Crushed

Despite global geopolitical crises exploding among the world's biggest producers of oil, WTI (and Brent) crude oil prices have tumbled to 5-month lows (WTI At $96). Despite the exuberant PMIs in China, Copper and Iron ore prices are collapsing (2-month lows). One can't help but wonder what global 'economic growth' must really be like if 'demand' for all these crucial growthy commodities looks so weak?

Copper and crude have been smacked 2 days running starting at 8amET...
Copper & Crude Are Getting Crushed

Pushing them to multi-month lows...
Copper & Crude Are Getting Crushed

Notably - the initial spot surge in commodities post-Qingdao ponzi debacle has now given way to broad-based weakness...
Copper & Crude Are Getting Crushed

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