'Commodities bloodbath' in May could lead to opportunities

http://www.tradingfloor.com - May saw the first major correction since the commodities rally began in March 2009. Virtually all commodities are down on risk aversion but there is hope that a stabilisation of the euro and the financial markets in general could mean that there are opportunities, says Saxo Bank's Ole Hansen. Crude has fallen despite improving economic indicators in the US and recovering demand for petroleum as hedge funds have unwound speculative long positions, but with these positions closed there is hope for more stabilisation.

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