Commodity prices are at the crossroads.

Beware of the rapid pace of future market development, rapid range, consolidation time short commodity futures prices in the last three consecutive trading days of successive retreat, so that the entire market was "empty" atmosphere, the entire market is again at a crossroads. How will the fate of commodity prices be interpreted as the global economy changes?　　This has become the focus of discussion among the parties. Commodity futures prices have rebounded sharply since the May, but they have begun to adjust last week. From the CRB index of global commodity movements, the May 1 CRB index rose from 372 points to the 404 highs of the previous Tuesday, up 8%, but then the market followed a 3-day sharp fall back to 393 points, with a correction of 2%. The NYMEX crude oil, which has soared to $60 trillion since the beginning of May, began adjusting last week after creating a new high for the rally, especially in the Friday, when NYMEX crude oil futures were depressed by weak demand, charging $56.34 a barrel. So far this year, oil prices have risen 11.74 of dollars.　　At the same time, the Friday LME copper closed to 4450 U.S. dollars, once fell to 4315 U.S. dollars two weeks low. According to statistics, since last December, domestic and foreign commodity market prices gradually out of the subprime mortgage crisis brought about by the huge impact, and gradually out of the intermediate rebound market, such as LME copper rebound 4 months, up to 75%; The US bean index rebounded for 5 months, rose to 38.25%; The US crude index came from behind, and the 53.95%;CRB index rebounded only 22.25%, but it also built a large bottom shape of 5 months. This shows that, whether in time or space, the global commodity market is in the second wave of bear markets rebound.　　Industry analysts believe that the recent impact of the new influenza, coupled with early bulls profitable, so many investors are worried about the prospect of intermediate rebound, the view has turned empty, but also let a lot of trend sent a bargain to buy the opportunity, two force fierce competition, leading to international and domestic commodity market sharp shocks, ups and downs.　　For the future trend of the market, the deputy director of Beijing Sun Cairen, in the fourth session of China (Beijing) Futures and derivatives market forum, said that with the momentum of the economic crisis control, commodity prices are likely to come back at any time, and the surge will be a new form or structure to appear. In this connection, Tan Yaling, senior researcher at the Bank of China and executive director of the Chinese Institute of International Economic Relations, said that the future potential of the market, including the rise, was worth investors ' attention. The development of the future situation, the law of the market can not be changed, although the economic environment, political situation will have a great impact on the market. But in the market itself, the mature developed countries have formed the market law is basically immutable. So, whether it's gold, oil or commodities, it's all low and pessimistic. Tan Yaling that the internal adjustment of the market itself and the internal technical index correction has been quite in place, the futureThe potential for growth, including the rise, is worth investors ' attention. Throughout the market, gold and other declines in this round of adjustment are very fast, turning the amount of the year into a week.　　Need to be vigilant is the future market development rhythm fast, the amplitude is fast, the consolidation time is short. The recovery and rise in the current round of commodities were seen by most as a major link to the recovery of the real economy and the global economy. In particular, copper is the most obvious, the lowest copper index reached 22000 yuan, now restored to 42000 yuan. The recovery of the country in the Spring Festival before and after 4 trillion of the investment, economic recovery has a certain degree of relevance. Huang, a senior researcher at Shanghai's east-China futures, said that inflation expectations would certainly form after the final quantification of the currency, but it is too early to expect such an expectation and its price will rise. So, on the price of raw materials, for basic metals, he believes that the market's center of gravity is moving up, but the two quarter is bound to adjust.