15 June 2014
Posted in
sentix Weekly
Oil optimism burning more brightly
The sentix survey indicates that investor sentiment towards Commodities is continuing to improve. At an asset class level, sentiment readings are steadily pulling away from their Q1 lows (see Chart 3, page 2). At a market level, the latest survey revealed an especially sharp improvement in short and medium-term sentiment readings for Crude Oil (Chart 2). The past week has seen investors become markedly more upbeat on the outlook for Oil, albeit near-term survey readings are not yet extended in a historic context. In the case of Commodities overall, the improved tone of sentiment remains consistent with survey participants' more optimistic views on the outlook for Emerging Markets.
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