Commodities Update 44

Commodities Update 44

07 June 2016

Important legal information

Oil prices increase below 1 percent- The expected deflection because of the latest US job market data was absent. In contradiction to the low job market data the weak US-Dollar is cater for higher oil prices. Commerzbank’s analysts add for consideration that the development of the oil price depends also on US demand. Moderate economy data in the USA could have influence on oil’s oversupply. But ongoing conflicts in Canada, Venezuela and Nigeria stop the current oil production. Drillings in the US slightly increase because of the obvious oil price rise in the past weeks.

In May the gold price decreased because of interest rate hikes from USD 1,300 to USD 1,200. But because of the low job market data gold climbed around USD 30. The expectations of a presumptive interest rate hike for this year dropped to 60 percent and support the current gold price. According to Commerzbank gold inflows are clearly noted after the latest US job market data. All in all the gold inflows aggregated to 99 tons since May.

Copper’s performance was volatile after its high of USD 5,000 in March. Especially an unforeseeable demand from China has big influence on copper’s price level. Also copper profited from the latest US job market data and the weak US-Dollar. China is known for increasing purchases when economy data are lowered. Therefore purchases were clearly higher in January 2016 than previous year. Achim Wittmann, LBBW analyst, predicts that the copper price will not increase in the next time. His explanation is based on decreasing energy prices and a more stable US-Dollar.

 

Bull & Bear-Certificates

 Symbol ISINIndex reference instrumentFactorTypeCur.BidAsk 
BULL APPL X10 V5
DE000VP100W9 Apple Inc. 10.00 Long EUR 0.028 0.032
BULL APPL X10 V6
DE000VP2QN51 Apple Inc. 10.00 Long EUR 0.014 0.02
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 0.122 0.126
BULL APL X10V1
DE000VV19BC1 Apple Inc. 10.00 Long EUR 0.704 0.71
BULL APL X10V3
DE000VV35EZ2 Apple Inc. 10.00 Long EUR 3.16 3.19
BULL APL X10V2
DE000VV3RR04 Apple Inc. 10.00 Long EUR 5.18 5.23
BULL WTI X10V3
DE000VV34ER2 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 0.09 0.094
BULL WTI X10V4
DE000VV49LF0 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 2.25 2.27
BULL WTI X10V5
DE000VV61KU6 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 77.36 77.71
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 2.07 2.08
BULL OLJ X10V3
DE000VV6YKN6 Brent Crude Oil Future Dec 2022 10.00 Long EUR 34.40 34.56
BULL OLJ X10V1
DE000VX8XTN3 Brent Crude Oil Future Dec 2022 10.00 Long EUR 0.084 0.088
BULL DAX X10 V5
DE000VE9C7K5 DAX® 10.00 Long EUR 0.008
BULL DAX X10 V6
DE000VE9HQ72 DAX® 10.00 Long EUR 0.068 0.07
BULL DAX X10 V7
DE000VE98NJ1 DAX® 10.00 Long EUR 0.238 0.24
BULL DAX X10 V8
DE000VQ8N7L5 DAX® 10.00 Long EUR 0.046 0.048

 

04/10/2022 04:48:26