A lot of volatility in the commodities markets. It is really hard to get a grasp on where things want to go. There are a lot of supply chain issues still (some intended like oil). However, the markets seem a bit tired.
We will have to watch the demand. China is a heavy consumer of commodities. The data out of there over the next couple months will tell a big story.
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They did release 50 million barrels but that is only like 2.5 days worth of supply. So I think the demand and speculation will still drive prices up.
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Yeah the overall impact of the release, in terms of total market, is not a lot.
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