Natural gas tumbled after strong rally

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Source: Dukascopy Bank
Energy commodities advanced on Monday ahead of key negotiations between Iran and six major economies regarding Iran's nuclear program.

Crude oil surged after China's Premier called for more stimulus for the country's economy in view of recent GDP growth forecast cuts.

Brent oil moved up ahead of Iran's negotiations as there are no clear indications of the probable outcome. However, rising OPEC output continued to limit gains.

Natural gas tumbled after long rally as investors started to cash out from the market.

Heating oil followed crude oil's trend and added 1.07%. However, instability in the Euro Zone still weights on the commodity.


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Tue, 22 May 2012 14:48:43 GMT

Coffee dropped on expected ample supplies

Rural commodities were mostly lower despite persistent worries about impact of adverse weather on grain crops.Wheat was the only gainer along with unfavorable weather conditions in the US, Australia and Russia. Speculation that Russia may impose ban on wheat exports as it did after severe drought in 2010 spurred wheat's rally.Corn retreated from recent highs as traders started to cash

Tue, 22 May 2012 14:26:43 GMT

Aluminum declined despite stronger Japan's demand

Industry metals followed bullish trend on Monday after China's Premier Wen Jiabo announced that the country needs additional stimulus to boost growth.Aluminum was the only loser despite improved Japan's demand. The metal continued to be affected by global economic uncertainty.Copper managed to climb by more than 1% despite recent slump in China copper purchases caused by elevated inventory levels at

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