bullish
ISM vs Commodity Prices // Upcoming Rice Price Explosion?
SUMMARY
- ISM vs Commodity Prices The latest ISM Manufacturing data came in lower than expected. It almost seems like economic momentum in the US is fading.
- But on the other hand, commodities that are most sensitive to change in economic momentum, namely copper and crude oil, remain in a sideways consolidation or in the case of crude are already breaking out to new short-term highs.
- That price action behavior opens up a gap between both metrics, and one thing is clear.
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