LONDON (Commodity Online): Barclays Capital said its biggest “overweight” position among the commodities is West Texas Intermediate crude. Although we are positive on the prospects for commodity prices in Q1, for now we are still positioning relatively cautiously across sectors.

“This month we are overweight in energy where geopolitical and weather risks are skewed to the upside, but are moving back close to benchmark weights in other market sectors, implementing small underweight positions in agriculture, base and precious metals,” bank added.

Acccording to Barclays, commodity-market participants still appear wary of engaging risk. Each month, the bank rates the commodities on a scale of one (very weak) to five (very strong).

The bank did not list any fives for January but gave the following commodities a four ranking: aluminum, copper, zinc, lead, WTI, unleaded gasoline, gold, silver, Corn and soybeans.

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