"Australian stocks are pointed sharply lower after US and European equities and key commodities sold off ahead of tonight's European Union summit"
Ahhh! But GOOD news is, I know who they sold them to......
Funds boost commodity wagers on improving outlook
Hedge funds boosted wagers on higher commodity prices for the first time in three weeks as the outlook for the U.S. economy improved.
Money managers increased combined bullish positions across 18 U.S. futures and options by 0.7 percent to 566,494 contracts in the week ended Nov. 29, Commodity Futures Trading Commission data show. Investors trimmed their bearish holdings in copper for the first time in four weeks, and pared bets on lower wheat and soybean prices.
