1. Analysts suggested that, despite bearish fundamentals, prices could find sustained support in concerns about a military confrontation with Iraq. 2. Besides bearish fundamentals surrounding palm oil, numerous technical indicators have emitted sell signals including that of our triple-screen stochastics method of market trend forecasting. 3. John Kilduff, an analyst at Fimat Futures in New York, said that crude oil prices have been caught between bearish fundamentals and political uncertainty around the world. 4. The bearish fundamentals include overproduction by the Organization of Petroleum Exporting Countries, growing U.S. oil inventories and sluggish petroleum demand, Kilduff said. 5. The sell-off reflected bearish fundamentals, analysts said. 6. But he also pointed to the long-term bearish fundamentals for the copper market, with production levels around the world continuing to soar. |