Daily FNArena News - Commodities

TradeTech has adjusted its spot price indicator up by US75c this week.

As commodity prices continue to recover from the February correction more brokers have taken time to review their outlooks for various markets in the sector.

Nickel’s once again outperformed its peers on Friday. Now, chartists are really getting excited.

While National Australia Bank expects the gold price will continue trending higher, Citi suggests gold has peaked and will fall in coming years.

Short term views on commodities and precious metals are hastily revised across the globe as the euro reverses direction.

Resource Capital Research sees few catalysts to push uranium prices out of a range of US$40-$45 per pound in coming months.

More analysts weigh in to the commodity price forecasting debate. A follow-up to yesterday’s “Remember The Super-Cycle”.

China remains the driver of base metal prices at present and mixed views on the sustainability of its buying means some variation in price forecasts.

Demand divergence in various markets suggests 2010 will be a transition year for the global oil market.

It increasingly looks like US$40.50/lb earlier this month will turn out the price bottom for U3O8 this year.