Jyske Bank - Research

Research

The latest analyses and recommendations on commodities.

	Metaller - a strong start to the year [10/02/12]
	* We still anticipate a challenging first quarter with large fluctuations in the price of copper. We consider it most likely that we will see a short-term downward correction from the present level. * We consider it most likely that we will for Q1 see overall downward pressure on the price of aluminium from the present level. Yet with wide price fluctuations.

	Commodities - Crude: Risk aversion and geopolitics affect the price [16/01/12]
	- For the short term, we still expect oil to trade within a range of USD 98-100 on the downside and USD 117 on the upside. In our view, a breach on the upside is most likely due to the geopolitical situation. - We anticipate slightly increasing crude oil prices from the present levels at 12-month term. This increase is supported by expected positive growth in demand and a continued reduction of inventories combined with an ongoing uncertain supply situation.

	Commodities: Risk aversion supports the gold price [11/01/12]
	The degree of risk aversion in the financial markets is one of the primary price triggers for gold. Read our latest update.

	Metals: Focus on risk aversion [22/12/11]
	We expect wide price fluctuations for copper in the short term. We anticipate slightly increasing copper prices from the present levels at 12-month term. The degree of risk appetite in the financial markets is currently the primary price trigger for aluminium. We still expect a general downward pressure on the price in the short term. We anticipate slightly increasing aluminium prices from the present levels at 12-month term.

	Commodities - Crude: Marginally higher crude oil prices ahead [12/12/11]
	For the short term, we expect oil to trade within a range of USD 98-100 on the downside and USD 117 on the upside. We anticipate slightly increasing crude oil prices from the present levels at 12-month term.