Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Commodity Carnage

The surge in the USDollar and "good" housing data has created carnage in commodities. Silver, crude, copper, and gold are all getting hammered this morning as the S&P is unchanged as moar Q€ was trumped by hawkish "good" data...

 

 

Crude in particular has broken convincingly below the $59.50 support level...

 

 

Charts: Bloomberg