Commodities Weekly (11 Nov ’17)

Commodities remain broadly positiveExtending higher.

A significant rally is now highlighted in the coming weeks, as the 2016 bull trend gains traction.

Focus is turning to the 17.50, (38.2%) Fibonacci retracement of the 2014-2016 fall.

Any immediate pullbacks to remain limited, as investor sentiment continues to improve.

An unexpected close below 15.50 would delay gains and prompt a Downgrade to Neutral.

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