Commodities Jubilation and Trials
Deep commodity cycles analysis comparing the performance of crude oil and palm oil. In the last 17 years, there were periods where increase in fuel commodities drives future output prices of palm oil(although there could be other macro factors not discussed here). Current palm oil prices rally performance is the most stellar with over 270% increase in price from market bottom. Should a fall happen,due to external catalyst (like the last global financial crisis), the correction could be greater than 60% as the base level corrections typically happens circa 25-35%.
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