Daily FNArena News - Commodities

According to Barclays Capital the global oil market is moving closer to a new pricing phase in a range of US$80-$90 per barrel.

UxC has gone one step further than TradeTech this week.

Steel researchers at MEPS forecast higher prices, and higher production for stainless steel products this calendar year.

Short term trendlines have fallen below long term trendlines for uranium stocks around the globe. Meanwhile, spot prices continue falling.

In contrast to their technical brethren the fundamental analysts at Barclays Capital remain positive on the outlook for nickel prices.

The outlook for oil prices seems for further gains short-term. ANZ suggests this would make oil even more over-valued.

Still no joy for uranium enthusiasts as sellers continue to dominate the spot U3O8 market.

Could coffee become the surprise kid in the commodities space this year?

A report by Citi’s Alan Heap appears to have brought back speculation the Chinese might be buyers of IMF gold.

Nothing new happened in the spot U3O8 market with few deals forcing the spot price down by another notch.