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Basic Resources highest since June

EQUITIES
  • Basic resources index now trades at its highest level since June, metals a supporting factor.
  • Gold has tested $2400, but finding some offers so far.
  • For SXPP, the June high is at 595.65, highest level since April, but most will likely be eyeing the 600.00 level, followed by 608.23.

Chart source: MNI/Bloomberg

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  • Basic resources index now trades at its highest level since June, metals a supporting factor.
  • Gold has tested $2400, but finding some offers so far.
  • For SXPP, the June high is at 595.65, highest level since April, but most will likely be eyeing the 600.00 level, followed by 608.23.

Chart source: MNI/Bloomberg