Daily FNArena News - Commodities

While Libya is the immediate focus of the oil market Barclays Capital suggests political tensions elsewhere in the MENA region will sustain market volatility.

Market analysts at FXCM view crude’s technical picture as indicating probable strong support below US$101 per barrel.

An easing of the feared apocalyptic threat at Fukushima saw some opportunistic buying in spot uranium last week.

A tighter than anticipated market and limited space capacity see Barclays Capital lift oil price forecasts for 2011.

A glance through the latest expert views and predictions about commodities with updaes on thermal and met coal, some bullish news for iron ore and potential value emerging in junior Oz resource plays.

MineLife’s Gavin Wendt is confident uranium prices will recover in H2 this year.

Spot uranium traded as low as US$50 last week but there found some solid buying support from the industry.

A glance through the latest expert views and predictions about commodities with updates on base metal and gold markets and what the Japanese disaster may mean for energy and bulk markets.

The spot uranium price has fallen 10% and that won’t be the end of it, analysts assume.

A glance through the latest expert views and predictions about commodities with Japan’s crisis expected to see energy substitution, Oz steel plays, oil price upgrades, a view on copper and silver relative to gold.