Commodity Analyst Jobs

 

 

The commodity trading industry offers a variety of high-salaried jobs. It is crucial to get a certification in various training courses for trading before job seekers can apply for commodity analyst jobs.[br]

 

Following are the various commodities in the trading market:

• Bullion like gold and silver
• Energy including crude oil and natural gas
• Base metals like aluminum, lead, nickel, copper, zinc and tin
• Agricultural commodities including major agro-products

Commodity Analyst Jobs: Work Responsibilities

The job of a commodity analyst is to identify and assess various methods through which a product is brought to market. For instance, it includes the study of the supply chain of oil, starting from oil wells to oil dealers. A commodity analyst is responsible for:

• Monitoring all the commodities traded on leading indices
• Analyzing commodities trading
• Preparing daily and weekly report of performance of various commodities
• Making intra-day calls and positional calls
• Advising clients on entry and exit points
• Addressing various branch and client queries

Commodity Analyst Jobs: Skills Needed

Commodity analyst jobs require the following skills:

• Coordination: A commodity analyst works closely with various entities involved in trading. To ensure that trading activities take place smoothly, sound coordination skills are required.
• Communication: Handling customer calls requires a commodity analyst to be proficient in communication skills.
• Quantitative analysis: The core work of a commodity analyst entails a lot of market research. This involves studying the prices of various commodities and generating reports by implementing strong quantitative analytical skills.[br]

 

Commodity Analyst Jobs: How to Become an Expert

Here are some tips that commodity analysts can use to develop their skills:

• It is of utmost importance to enhance analytical prowess, both qualitative and quantitative.
• In-depth study of commodity derivatives markets helps in obtaining domain expertise.
• Understand the correlation between commodity markets and currency, equity, debt markets and other asset classes thoroughly.
• Identify and study the way global commodity markets operate. Importance should be given to technical and fundamental analysis.
• Study various theoretical concepts that are used in risk management and their application.
• Practice on trading simulations to learn the usage of trading software.