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Commodities

Commodity prices and metals are consolidating their last 18-months of gains with pullbacks hardly registering on the charts considering the impressive post-COVID rally. At this stage we remain bullish looking for higher prices into Christmas and probably beyond although we are cognisant of the $US which if / when it does find a floor in the 87-89 region is likely to become a headwind after being the opposite since early 2020.

MM remains bullish the Resources Sector into 2022
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Bloomberg Base Metals Index
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