15-Jun-2010 Commodity market

Coffee, oat extended rally. Short covering to avoid further loss adds power to the upside. 

Spring wheat has outpaced winter wheat after negative crop prospect from Canada due to excess rain in this season. Corn, Soybean complex also showed strength.  

 

Crude oil, commodity producing country's currencies continues rebounds maybe drawing right shoulder of head&shoulder pattern. It sometimes tells a bear market is nearby.