Jonathan Barratt, CIO of Probis Securities spoke about his reading of the commodities market and his outlook going forward.

Baratt said that he would like to focus on copper a bit as they expect a reasonable rally.

Barrat added that he is also focused on some of the base metals.

Technically gold is a buy but at the moment it is to see whether it break through $1225 per ounce level, he said.

"If it does break it - if you are a bull, which I always am, we just haven’t seen that rally, then you should also pick up some at around these levels,” said Barratt.