I'm still calling the big dead cat Pisces, but strong data out of China overnight and weak data US suggests there could be more in this move yet for commods. A lot hangs on OPEC this weekend, but if they manage to make a deal (whether meaningful or not) it'll be off to the races. Doesn't change the big picture, but it's not something i want to be shorting into immediately. I'm on the lookout for any entry to short BHP again. Was planning to have a nibble before the OPEC meeting but think i'll just cool my jets here. Still think we'll see $12 before Christmas
(20min delay)