Commodities cop another drubbing: The ASX 200 looks set to continue its decline on Monday morning, at least according to SPI futures, with a loss of 44pts...

David Scutt

Scutt Partners

Commodities cop another drubbing: The ASX 200 looks set to continue its decline on Monday morning, at least according to SPI futures, with a loss of 44pts expected. While the iron ore price continued to recover, spot rose $1.34 to $71.32, given further sharp decline across the rest of the commodities complex, particularly in crude, copper and precious metals, it seems unlikely that the index will be able to recover significant ground despite the sharp sell off witnessed Friday. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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