Ole S Hansen(@Ole_S_Hansen) 's Twitter Profileg
Ole S Hansen

@Ole_S_Hansen

Head of Commodity Strategy @SaxoBank and a regular contributor to both broadcast and print media. Broad focus, but mostly #gold #silver #copper #oil & #grains

ID:334571039

linkhttps://www.home.saxo/insights#analysis calendar_today13-07-2011 09:34:14

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: A lot is going on in and especially in metals. While we zero in on those, we go through the most important movements generally within the asset class. home.saxo/content/articl…

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takes a tumble amid the realisation the rally had forgotten one key ingredient: fundamental support. While the direction from a longer term perspective is correct, the timing was awful given the current weakness in Chinese data. Still a buy on dip market imo

#Copper takes a tumble amid the realisation the rally had forgotten one key ingredient: fundamental support. While the direction from a longer term perspective is correct, the timing was awful given the current weakness in Chinese data. Still a buy on dip market imo
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Arabica has almost recovered half it lost during the recent correction. Supported by tight fundamentals and a renewed surge in Robusta amid dry weather conditions in top grower Vietnam

Arabica #coffee has almost recovered half it lost during the recent correction. Supported by tight fundamentals and a renewed surge in Robusta amid dry weather conditions in top grower Vietnam
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trades back to unchanged after finding support for a second day around $31. Using Fibo extension targets, a break above resistance at $32.50 could see it target $33.50 next.

#Silver trades back to unchanged after finding support for a second day around $31. Using Fibo extension targets, a break above resistance at $32.50 could see it target $33.50 next.
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Commodities: Silver’s technical and momentum driven surge above $30, which helped drag gold and copper to fresh record highs, has paused with fresh dollar strength leading to profit taking. Also, a bounce in the gold-silver ratio from key support below 75 highlighting the need

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It's not often we find the BCOM TR index in overbought territory, and it highlights the broad nature of the recent rally with MTD gains being led by precious metals (8.7%), industrial metals (7.4%), and grains (7%). , and all in need of consolidation.

It's not often we find the BCOM TR index in overbought territory, and it highlights the broad nature of the recent rally with MTD gains being led by precious metals (8.7%), industrial metals (7.4%), and grains (7%). #Natgas, #silver and #copper all in need of consolidation.
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