Commodities Update 13

Commodities Update 13

21 September 2015

Important legal information


Oil prices rose up to two percent today after data revealed that U.S. drilling slowed. U.S. drillers have cut the number of rigs in operation for three straight weeks, according to Reuters. Low prices due to high demand have hit drillers, especially in the United States. The decline in U.S. production could eventually lead to a long-term price lift. Still, the global battle of oil producers for market share could lead to an increased surplus and consequently keep the prices low. That the oil producer Samson Resources had to file for bankruptcy last week, is a hint for the seriousness of the situation.

Gold gained from the Fed’s decision not to raise interest rates. The Federal Reserve justified its decision with high volatility in financial markets in August and with the market situation in China. Raising interest rates could have led to a strengthening Dollar. This would have contributed to decreasing exports, which are already at a lower level because of the devaluation of the Yuan.


Copper fell down to a two-week-low of nearly 5.200 USD per ton, last week. At the beginning of this week, prices slightly recovered. The Chinese Government announced increased infrastructure spending, which could lead to a higher copper demand. The corporation Glencore said, they would close some of their mines in Sambia and Kongo for a certain period of time, to decrease supply. Analysts still expect an oversupply of copper for 2016.

 

Bull & Bear-Certificates

 Symbol ISINIndex reference instrumentFactorTypeCur.BidAsk 
BULL APPL X10 V5
DE000VP100W9 Apple Inc. 10.00 Long EUR 0.026 0.03
BULL APPL X10 V6
DE000VP2QN51 Apple Inc. 10.00 Long EUR 0.012 0.018
BULL APPL X10 V8
DE000VP32319 Apple Inc. 10.00 Long EUR 0.006 0.015
BULL APPL X10 V7
DE000VP3M6U6 Apple Inc. 10.00 Long EUR 0.01 0.02
BULL APL X10 V1
DE000VP45L00 Apple Inc. 10.00 Long EUR 0.002
BULL APL X10 V2
DE000VQ5ZX53 Apple Inc. 10.00 Long EUR 0.116 0.12
BULL APL X10V1
DE000VV19BC1 Apple Inc. 10.00 Long EUR 0.668 0.676
BULL APL X10V3
DE000VV35EZ2 Apple Inc. 10.00 Long EUR 2.99 3.03
BULL APL X10V2
DE000VV3RR04 Apple Inc. 10.00 Long EUR 4.91 4.97
BULL WTI X10V3
DE000VV34ER2 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 0.062 0.066
BULL WTI X10V4
DE000VV49LF0 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 1.59 1.61
BULL WTI X10V5
DE000VV61KU6 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 54.66 55.10
BULL OLJ X10 V28
DE000VP3BLC0 Brent Crude Oil Future Dec 2022 10.00 Long EUR 0.001
BULL OLJ X10V2
DE000VV4ST34 Brent Crude Oil Future Dec 2022 10.00 Long EUR 1.53 1.55
BULL OLJ X10V3
DE000VV6YKN6 Brent Crude Oil Future Dec 2022 10.00 Long EUR 25.55 25.75
BULL OLJ X10V1
DE000VX8XTN3 Brent Crude Oil Future Dec 2022 10.00 Long EUR 0.062 0.066
BULL DAX X10 V5
DE000VE9C7K5 DAX® 10.00 Long EUR 0.008
BULL DAX X10 V6
DE000VE9HQ72 DAX® 10.00 Long EUR 0.058 0.06
BULL DAX X10 V7
DE000VE98NJ1 DAX® 10.00 Long EUR 0.202 0.204
BULL DAX X10 V8
DE000VQ8N7L5 DAX® 10.00 Long EUR 0.038 0.04

 

03/10/2022 06:17:05