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Global commodity markets remain range bound

Posted on 30 May 2011

The power or (the lack of it) of ‘sell-side research’ (undertaken typically by brokerage houses, investment banks and others who give ‘buy’, ‘sell’ or ‘hold’ calls) was briefly demonstrated in global commodity markets last week.
Early in the week Goldman Sachs and Morgan Stanley raised their forecast of Brent crude prices by the end of the year to $115 per barrel for a 3-month horizon, $120 per barrel for a 6-month horizon and $ 130per barrel for a one year horizon thereby sending a ‘buy’ signal to the market……………………………………….Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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