This was on an email from Macquarie this morning. Some of you...

This was on an email from Macquarie this morning. Some of you might find it interesting.

Trading Pick of the Day

Resource Resilience

Macquarie Research (MRE) reviewed their commodity forecasts and highlighted their key picks in the resources sector. Thermal coal and coking coal upgrades led the way, followed by upgrades for steel and manganese due to ongoing supply demand imbalances. MRE believe price strength will result in higher fundamental earnings. In the coal space, MRE’s picks are Centennial Coal (CEY), Felix Resources (FLX) and Straits Resources (SRL.) On the back of anticipated ongoing copper price strength, Oxiana remains MRE’s favoured exposure in the base metals space with Onesteel and Sims Group the preferred steel manganese exposures.

Source:Macquarie warrants daily trader newsletter.