Commodity Prices

The daily updates on the commodity prices from the world’s biggest commodity exchange markets, including NYMEX, LME and ICE. All prices are listed in the U.S. dollars and are up-to-date as of the specified time.

Commodity exchange markets are quite volatile as they are influenced by many factors and serve many purposes. Commodity prices may serve as the indicator of the macroeconomic stability in the world, the attractiveness of the certain economic sectors and the state of the global appetites for risk. With the higher commodity prices intrinsic to the higher risk/yield states of the world’s financial markets.

The following factors affect the global price for the traded commodities:

1. Demand from the consumers of the given commodity.
2. Discovery of the new deposits (metals).
3. Weather (agriculture).
4. Capacity utilization by the refinery plants.
5. Inventories data.
6. Speculations by the hedge funds.
7. Global financial situation.

When you are evaluating the commodity prices and their probable future movement, you should be also considering all these factors.

Technical Analysis, March 15th — March 19th, 2010

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of March 13th 2010:

Indicators
Moving Averages RSI Parabolic SAR CCI
Oil Long Neutral Long Neutral
Gold Long Neutral Short Neutral
Silver Long Neutral Short Neutral
Copper Long Neutral Short Neutral

Floor Pivot Points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
Oil 76.17 77.45 78.86 80.14 81.55 82.83 84.24
Gold 1056.64 1078.41 1093.80 1115.57 1130.96 1152.73 1168.12
Silver 15.94 16.37 16.78 17.21 17.62 18.05 18.46
Copper 7082 7220 7353 7491 7624 7762 7895

Woodie’s Pivot Points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
Oil 77.48 78.94 80.17 81.63 82.86
Gold 1076.82 1090.62 1113.98 1127.78 1151.14
Silver 16.37 16.78 17.21 17.62 18.05
Copper 7219 7352 7490 7623 7761

Camarilla Pivot Points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
Oil 78.80 79.54 79.79 80.03 80.53 80.77 81.02 81.76
Gold 1088.76 1098.98 1102.39 1105.79 1112.61 1116.01 1119.42 1129.64
Silver 16.74 16.97 17.05 17.12 17.28 17.35 17.43 17.66
Copper 7338 7412 7437 7462 7512 7537 7562 7636

Fibonacci Retracement Levels
Oil Gold Silver Copper
100.0% 81.41 1137.33 17.63 7628
61.8% 80.38 1123.13 17.31 7524
50.0% 80.07 1118.75 17.21 7493
38.2% 79.75 1114.37 17.11 7461
23.6% 79.35 1108.94 16.99 7421
0.0% 78.72 1100.17 16.79 7357

Commodity Prices — March 12th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 16:08 GMT:

Oil (Brent) — $80.26
Gold — $1,108.80
Silver — $17.18
Palladium — $463.52
Platinum — $1,617.16
Copper — $7,484.00
Aluminum — $2,268.00
Nickel — $21,700.00
Zinc — $2,356.00
Cocoa — $2,820.00
Sugar — $19.52
Corn — $353.75
Soybean — $926.00

Commodity Prices — March 11th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 17:06 GMT:

Oil (Brent) — $80.24
Gold — $1,106.80
Silver — $17.08
Palladium — $458.00
Platinum — $1,585.20
Copper — $7,456.00
Aluminum — $2,233.00
Nickel — $21,322.00
Zinc — $2,338.00
Cocoa — $2,844.00
Sugar — $19.34
Corn — $355.00
Soybean — $931.50

Commodity Prices — March 10th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 20:50 GMT:

Oil (Brent) — $80.37
Gold — $1,105.65
Silver — $16.95
Palladium — $461.00
Platinum — $1,600.15
Copper — $7,437.00
Aluminum — $2,225.00
Nickel — $21,450.00
Zinc — $2,360.00
Cocoa — $2,840.00
Sugar — $19.42
Corn — $355.75
Soybean — $952.50

Commodity Prices — March 9th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 16:00 GMT:

Oil (Brent) — $79.66
Gold — $1,116.13
Silver — $17.14
Palladium — $463.50
Platinum — $1,580.94
Copper — $7,485.00
Aluminum — $2,249.00
Nickel — $22,125.00
Zinc — $2,357.50
Cocoa — $2,761.00
Sugar — $20.63
Corn — $360.25
Soybean — $933.00

Commodity Prices — March 8th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 20:25 GMT:

Oil (Brent) — $80.41
Gold — $1,120.78
Silver — $17.17
Palladium — $469.50
Platinum — $1,589.47
Copper — $7,519.00
Aluminum — $2,232.00
Nickel — $22,200.00
Zinc — $2,370.30
Cocoa — $2,820.00
Sugar — $21.66
Corn — $364.50
Soybean — $941.00

Technical Analysis, March 8st — March 12th, 2010

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of March 6th 2010:

Indicators
Moving Averages RSI Parabolic SAR CCI
Oil Long Neutral Long Long
Gold Long Neutral Long Long
Silver Neutral Neutral Long Long
Copper Long Neutral Long Long

Floor Pivot Points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
Oil 73.03 74.65 77.26 78.88 81.49 83.11 85.72
Gold 1082.74 1097.26 1115.49 1130.01 1148.24 1162.76 1180.99
Silver 15.42 15.87 16.60 17.05 17.78 18.23 18.96
Copper 6939 7099 7315 7475 7691 7851 8067

Woodie’s Pivot Points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
Oil 74.90 77.77 79.13 82.00 83.36
Gold 1098.19 1117.35 1130.94 1150.10 1163.69
Silver 15.94 16.75 17.12 17.93 18.30
Copper 7113 7344 7489 7720 7865

Camarilla Pivot Points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
Oil 77.55 78.72 79.10 79.49 80.27 80.66 81.04 82.21
Gold 1115.71 1124.71 1127.72 1130.72 1136.72 1139.72 1142.73 1151.73
Silver 16.69 17.02 17.12 17.23 17.45 17.56 17.66 17.99
Copper 7325 7429 7463 7498 7566 7601 7635 7739

Fibonacci Retracement Levels
Oil Gold Silver Copper
100.0% 80.49 1144.53 17.49 7634
61.8% 78.87 1132.02 17.04 7490
50.0% 78.38 1128.16 16.90 7446
38.2% 77.88 1124.29 16.76 7402
23.6% 77.26 1119.51 16.59 7347
0.0% 76.26 1111.78 16.31 7258

Commodity Prices — March 5th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 19:51 GMT:

Oil (Brent) — $79.88
Gold — $1,133.85
Silver — $17.34
Palladium — $475.00
Platinum — $1,575.54
Copper — $7,532.00
Aluminum — $2,225.00
Nickel — $22,405.00
Zinc — $2,344.00
Cocoa — $2,855.00
Sugar — $22.24
Corn — $364.25
Soybean — $936.00

Commodity Prices — March 4th 2010

Latest commodity prices (ICE, NYMEX, CME) as of 20:18 GMT:

Oil (Brent) — $78.75
Gold — $1,131.10
Silver — $17.08
Palladium — $456.50
Platinum — $1,574.33
Copper — $7,403.00
Aluminum — $2,210.00
Nickel — $22,375.00
Zinc — $2,242.00
Cocoa — $2,814.00
Sugar — $21.75
Corn — $372.25
Soybean — $932.50

Commodity Prices — March 3rd 2010

Latest commodity prices (ICE, NYMEX, CME) as of 21:41 GMT:

Oil (Brent) — $79.30
Gold — $1,139.38
Silver — $17.16
Palladium — $446.00
Platinum — $1,578.98
Copper — $7,550.00
Aluminum — $2,200.00
Nickel — $22,650.00
Zinc — $2,290.00
Cocoa — $2,813.00
Sugar — $22.01
Corn — $375.50
Soybean — $954.25

Follow Commodity Blog on Twitter Don't show me this offer ×