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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (425)	7/3/2001 8:45:30 AM
From: craig crawford	Read Replies (2) \| Respond to of 1643

Deutsche Bank says technical outlook for base metals "worsened" New York, July 2 (BridgeNews) - The technical outlook for base metals has "generally worsened, though there is still scope for the downside in aluminum and copper to be limited," according to an independent technical analyst for Deutsche Bank. Lead and nickel "appear to show the worst situations, with further risk on the downside evident." Zinc and lead look set to retain an underlying negative bias despite some consolidation in the short term. ( Story .19916 ) OPEC economist says $20 per barrel on horizon, report says Berlin, July 3 (BridgeNews) - The price of crude oil should dip to around $20 per barrel in the "foreseeable future," despite increasing demand, Shokri Ghanem, head of the OPEC research department in Vienna, told the newspaper Die Welt. Demand this year should increase around 1.2 million barrels daily, based in part on expectations that economies in OECD industrial nations will expand an average 2% this year, Ghanem said. ( Story .11705 )