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Stuck in neutral

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After a brief stint in bearish territory last month, the NDR Commodity Model Composite moved back to neutral with its highest reading since October. The macroeconomic composite improved to its best reading in more than two years. Elevated commodity sentiment and subdued copper demand from China, keeping a lid on copper prices, make a rally for the S&P GSCI an upstream battle.

Ned Davis Research | Commodities | Focus | Monthly

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