While first-quarter commodity prices (oil, copper, steel, natural gas and precious metals) were deeply embroiled in “bearish” territory during 2015’s first four months, a rebound is likely in the making later in the year.
While coincident simultaneity of negative factors had caused a dive in most of the world’s commodity underpinnings, a change in these drab statistics has been poised for a rebound. With current commodity bearishness reflecting on an unusually strong dollar, an overall European recession and a major pause in China’s world-dominant buying power, such a “perfect negative storm” is due for reversal, the strength of which is yet to be determined as the year 2015 progresses.