Commodities Sideways. Base Metals Poise for Correction

Commodities move sideways in European session. WTI crude oil hovers around 81 while gold remains above 1200. As we have a light economic calendar, price movements may remain narrow for the rest of the day. Stocks in Asia climbed modestly despite weak US economic as strong corporate earnings results boosted optimism. The MSCI Asia Pacific Index gained +0.70% with raw material and banking sectors the best performer. Japanese stock got hit as strength in Japanese yen dampened earning prospects on exporters.

Here is the original: 
Commodities Sideways. Base Metals Poise for Correction