Jyske Bank - Research

Research

The latest analyses and recommendations on commodities.

	Commodities - Crude: Risk aversion and geopolitics affect the price [30/04/12]
	We maintain our expectations of a positive trend in the crude oil price at 12 months? term towards USD 125 a barrel. In the short term, there is no clear trend. Still, we consider it most likely that we will see a short-term downward correction towards USD 115/116 at which point we expect support.

	Metals - spring fatigue [27/04/12]
	In the 12-month term, we still expect rising copper and aluminium prices. In the short term, we see an upward correction of the copper price as most likely. *In the short term, we anticipate strong support for the aluminium price at USD 1980 a tonne.

	Commodities - Gold: Prospects of continued low interest rates keep gold prices at high level [11/04/12]
	*In the short term, we expect that the price of gold will trade at a range of USD 1600 on the downside and USD 1725 on the upside, and we consider a breach on the upside to be most likely.

	Commodities - Crude: risk aversion and geopolitics affect the price [20/03/12]
	We raise our expectations slightly at 12 months? term to USD 125 per barrel from USD 120 corresponding to more or less unchanged prices from the current level.

	Commodities - Crude: Risk aversion and geopolitics affect the price [17/02/12]
	We expect large fluctuations in the price in the short term, which will reflect the risk appetite in the markets and the geopolitical development. We anticipate slightly increasing crude oil prices from the present levels at 12-month term.