Buying Opporunities Seen in PGMs as Prices Slump on Concerns over Japan's Auto Sector

Commodities rebounded for a second day as investors' assessed selloffs over the past few days were probably excessive. Moreover, escalated violence the MENA region caught market focus again. Currently trading at 99.7, the front-month contract for WTI crude oil is at a 2-day high with price attempting to test 100. Corresponding contract for Brent crude oil is also hovering a 2-day high at around 112-113. PGMs have been significantly weighed by the situation in Japan. Both platinum and palladium prices have slumped to the lowest levels since November 2010.

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Buying Opporunities Seen in PGMs as Prices Slump on Concerns over Japan's Auto Sector