Oil is on the March, trading at $64.35, the highest since November. Good resistance is eyed around the 65.50 level.
Looks as though higher rates choking off the economic rebound that is trying to establish itself is not yet on the radar of the commodities markets. AUD, CAD and ZAR are well supported as well. Gold is breaking to new highs as well, at $963.
Be not afraid, the commodities markets tell us, but then again they told us that last July as well…
