Weekly Fundamental Outlook for Energies and Metals – Commodities Traded With High Volatility but Lacked Direction

The commodity market continued to focus on macro events instead of fundamentals. Early in the week, oil and industrial metals weakened after decline in China’s PMI and ECB’s report warning that banks in the Eurozone face 90B euro and 105B euro, respectively, in 2010 and 2011 in net write-downs this year on loans and securities.

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Weekly Fundamental Outlook for Energies and Metals – Commodities Traded With High Volatility but Lacked Direction