Commodities had a mixed day overall with platinum soaring while natgas wet the bed

  • Lots of noise but little signal

A mixed result for commodities with platinum up over 3% while natgas down more than 4%.

Compared to the strength in the USD the results shows a lot more noise than signal.

Commodity strength chart NY close
Commodity strength chart NY close

It's always tricky to pin down reasons for moves when we have quarter-end flows to deal with so just keep that in mind when you look at moves and can't pin down what is behind it.

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