Wednesday, May 11, 2011

Commodity (Copper / Nickel / Oil) Market Analysis

Analysis: Too early to call a bear market for copper
(Reuters) - An exodus of investors from the copper market could see prices slip to the $8,000 a ton mark before heading back toward record highs later this year as stronger demand from China and Japan becomes visible.

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REFILE-Nickel outlook least promising due to supply -BNP Paribas
SYDNEY May 10 (Reuters) - BNP Paribas on Tuesday singled out nickel as the lone price under performer this year among base metals commodities, despite seeing a supply deficit for the second year running. The bank's senior metals markets strategist Stephen Briggs forecast each of the major London Metal Exchange-traded metals to finish the fourth quarter of 2011 higher than when they started, except for nickel, which Briggs said is headed for an 11 percent drop.

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Special report: What triggered oil's greatest rout
(Reuters) - When oil prices fell below $120 a barrel in early New York trade last Thursday, a few big companies that are major oil consumers started buying around

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Goldman Sees Commodity Recovery as Slump Erases $99 Billion
May 9 (Bloomberg) -- The commodities rout that knocked off $99 billion of market value last week is driving out speculators and leading Goldman Sachs Group Inc., which forecast the plunge, to predict a possible recovery.

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