Commodities Stocks Rebounds Continues (COP, CVX, Alcoa, FCX, CENX)

Commodities traded higher on Monday and rebounded from their recent sharp sell off as Dollar weakens and Euro bounced back to trade over 1.22 for the fourth time in five days, and speculation demand for fuel will increase.

Crude Oil is the biggest gainer and edged up 2% to trade over $75 mark a barrel level in electronic trading in New York after falling about 20% from their recent highs of about $87. ConocoPhillips (NYSE:COP) is the biggest gainer and surged 1.45% to $54.27. So far this year, the stock has relatively outperformed and surged over 6%.

Chevron Corporation (NYSE:CVX) also rose within the sector and rose 1.35% to $75.06 with over 2.41 million shares. So far this year, the stock has fallen about 3.50%. Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.

Elsewhere, Copper and other Metal stock also climbed with the wider market leading by Alcoa Inc. (NYSE:AA), rose 1.15% to $11.49 with over 4.50 million shares within first hour of trading session.

So far in the current year, the stock has fallen about 29%. The median Wall Street price target on the stock is $15.75 and the high target is set at $26.40 with majority of the analysts have a Hold ratings. The stock is trading below its 50- Day Moving Average and 200-Day Moving Average prices are $12.10 and $13.66 respectively.

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Century Aluminum Company (NASDAQ:CENX) also climbed over 5% to $10.22.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is one of the most active stock gainers and gained 1.77% to $66.08 as Copper prices climbed over 2%. Southern Copper Corporation (USA) (NYSE:SCCO) is also edging higher by 2%.

Southern Copper Corporation (SCC) is an integrated copper producer. The Company produces copper, molybdenum, zinc and silver. All of its mining, smelting and refining facilities are located in Peru and in Mexico, and it conducts exploration activities in those countries and Chile.

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