Gold should see improved sentiment and a slowdown in selling during Q1, according to Max Knudsen of ADS Securities. This year has seen the best period of buying in 15 months with the potential for prices to reach $1300. Knudsen also discusses rising sentiment in the platinum market.
Commodities & Energy
Most commodities are likely to enjoy a positive first quarter according to Wang Tao, technical analyst at Reuters in Singapore. His latest report for Q1 2014 covering metals, oil and agriculturals paints a broadly positive technical outlook. Read report >>
Walter Zimmermann of ICAP says that despite unexciting price action for coal over the past year or so, a large head and shoulders bottom pattern may now be forming. This will target coal at the 71.50 to 72.00 range as long as the neckline is breached decisively.
Wang Tao, technical market analyst for commodities at Reuters Singapore, gives his comprehensive commodities outlook for the fourth quarter of 2013. His market coverage includes oil, base and precious metals, and agriculturals.
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