Several commodities have begun to show signs of life following a period of risk-off leading up to the US election. With that uncertainty out of the way. Some five commodities have seen their negative momentum slow in a possible preparation for a change in direction.
Within the metals group it is no surprise to see silver leading the pack higher, while the energy sector is also beginning to establish some support. CBOT Wheat continues to blow hot and cold having seen its momentum turn for the umpteenth time since July, while Paris milling wheat continues to see the January contract making new highs.
Cocoa is another agriculture commodity which has been struggling to find its right direction, turning positive after just a few days moving the other way.