A glance through the latest expert views and predictions about commodities with some initial views on commodity markets in the wake of the disaster in Japan and a revision to oil price forecasts.
The Chartist sees no reason to own Minara Resources with the trend of weakness likely to continue further.
Nuclear uncertainty led to a wide-scale exodus from commodity positions last night while the Dow opened down 300 points before finding fundamental buying. At the close it was down 137.
While concerns are growing Chinese monetary tightening will impact on copper consumption Barclays sees such concerns as overdone and remains bullish on the metal.
As the world takes stock of the tragedy in Japan, attention turns to which stocks and commodities will be impacted either negatively or positively. Dow down 51.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
It started with weak Chinese trade data, and accelerated with a rating downgrade for Spain and news of shots being fired in Saudi Arabia. Dow down 228.
Wall Street was flat last night on a weaker WTI while elsewhere Brent soared, copper tanked and stocks were sold. Dow down one point.
Gaddafi ready to talk? It’s enough to see a fall in oil and thus, again, a refocus from Wall Street on what’s happening at home. Today at least. Dow up 124.
A glance through the latest expert views and predictions about commodities, with oil supply uncertainty triggering increases to oil price forecasts.