In an interview to CNBC-TV18, Jonathan Barratt, Commodity Broking Services says, USD 110 per barrel is a very tough resistance for crude (WTI). "Any pullback should be supported back to that USD 103-105 per barrel level," he adds.
Jonathan Barratt, the chief executive officer of Commodity Broking Services says the geopolitical concerns, especially, from the Middle East need to be taken stock of when looking at the price of crude oil.
After yesterday's big bloodbath in the Commodity Research Bureau (CRB) Index, a lot of the commodities are in terrible pain. A combination of things and a lot of people are trying to exit the market at one time has helped contribute to this big sell off, said Jonathan Barratt of Commodity Broking Services.
Ahead of China's inflation and industrial output numbers coming out on Friday, Jonathan Barratt of Commodity Broking Services says weak numbers will see people moving away from traditional investments and enter commodities like gold again.
In an interview with CNBC-TV18, Jonathan Barratt of Commodity Broking Services says the escalating crisis in Europe is one of the reasons weighing on global commodities.
Even though there seems to be no resolution in sight for the problems in Europe, Jonathan Barratt of Commodity Broking Services expects to see a bullish run on the dollar index.
Jonathan Barratt Commodity Broking Services sees a lot of optimism in the markets especially in the base metals space. He feels that market might get ahead of itself with this optimism. He expects to see rise in metal prices on the back of European Union's financial plan, however, he is doubts if they will sustain.
Jonathan Barratt of Commodity Broking Services expects copper to head down to the USD 6,500 per tonne levels in LME. Talking about the dollar index, he indicated that it could move to USD 85 levels if the situation in Europe worsens.
In an interview with CNBC-TV18, Jonathan Barratt, the managing director of Commodity Broking Services says he finds value in crude. With all the newsflow coming out of Europe, he sees some good value in crude.
Talking about the intense selling pressure that is almost paused the gold rush, Jonathan Barratt of Commodity Broking Services says, he see liquidation all across the commodity space. Ritesh Gandhi of Anand Rathi Commodities expects crude prices to slip lower to about USD 75 per barrel for the WTI.
Oil advanced in Asian trade today on hopes that the US economy will be able to find a way out of its slump without more monetary stimulus, analysts said.
Commodity Broking Services' Jonathan Barratt told CNBC-TV18 that he expects to see crude trend lower from the current levels. He also indicated that Jackson Hole meet for QE3 announcement would not aid crude much.
The commodity market has been very volatile for past few days. Gold has touched another record high while crude has slipped below USD 100 a barrel today. Head of Commodity Broking Services, Jonathan Barratt told CNBC-TV18 that one should look at buying gold and crude on a long-term basis.
Jonathan Barratt, MD of Commodity Broking Services, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, shared his views on the commodity market and how it would pan out in the near future.
In an interview with CNBC-TV18, Jonathan Barratt, MD of Commodity Broking Services feels that IEA has taken a large move by planning to increase the global supplies to 60 million. He said, "IEA's move is designed to lower primary inputs to economies. Therefore, we would see weak economic data due to move."
Crude price has dipped 4% on stronger dollar and a selloff in the global market. Jonathan Barratt, MD of Commodity Broking Services, in an interview with CNBC-TV18's Sonia Shenoy and Reema Tendulkar, gave his outlook on how crude oil rates will pan out going forward.
Brent crude fell below USD 115 a barrel on Monday, weighed down by expectations that OPEC's oil output in May would come in higher than April, while investors also kept an eye on demand from top consumer the United States as the summer driving season begins.
Brent crude rose more than USD 1 to USD 114.34 a barrel on Friday as the dollar weakened. Jonathan Barratt of Commodity Broking Services gave his take on how he sees crude oil playing out with a slow but steady strengthening dollar.
As commodity prices steady, focus shifts to US jobs data due on Friday.
Cheaper prices lured Asian investors to gold and silver, both seeing a spurt, even as investors entered warily keeping an eye on the US jobs data expected later today.
It was carnage across the commodity space with oil collapsing into a free-fall, diving more than 10% and the Nymex crude prices slipping below the USD 100- mark.
In an interview with CNBC-TV18, Jonathan Barratt, managing director of Commodity Broking Services, spoke about his outlook for the commodity universe.
In an interview with CNBC-TV18, Jonathan Barratt, MD of Commodity Broking Services, spoke about his reading of the commodity universe and his outlook.
There has been a fairly big fall in the prices of copper which has witnessed an almost 12% drop from their mid-February peak. Jonathan Barratt, the MD of Commodity Broking Services in an interview on CNBC-TV18 breaks down the commodity space and gives his analysis on the trend that copper is signaling.
As the global volatility continues to grow, Jonathan Barratt managing director of Commodity Broking Services says that the global growth in GDP and hence the demand overall is bound to see a slowdown.