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Commodities Outlook Nov. 18th, Forex Ramifications 12 Noon GMT 5am EST

 
Down over the past 24 hours from yesterday’s sharp losses, recovering some of those losses thus far today as they follow stocks higher on easing EU worries.
 
·         Oil: down yesterday, recovering some of losses today up to about $82
·         Gold: Up yesterday and continuing higher today to around $1356
·         Softs: Up yesterday and continuing higher today along with stocks.

Note that while China growth slowdown from expected monetary tightening to ease inflation remains as potent a threat to commodity prices

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