Archive for Tag: Commodities Trading Suggestion

price of copper futures

Copper bounces back as production complication threatens supply

The price of copper futures, on COMEX, is up 0.43% at $4.6720 per pound on Thursday. Copper prices bounced back on Thursday, after declining on Thursday, as a spate of production problems threaten to cut supply. Also boosting metals was a weaker dollar, pushing greenback-denominated metals higher as it...

Read More
WTI crude oil futures price

Oil prices soared, raising supply concerns

On Monday’s trade, the Chicago WTI crude oil futures price is up 1.60% at $102.21 per barrel. Oil prices continued to surge on Wednesday as Moscow declared that the peace talk with Ukraine had hit a dead end, intensifying supply worries. A limited downside is seen in crude oil...

Read More
WTI crude futures price

Oil soars as the looming threat of more sanctions raise supply concerns

Chicago WTI crude futures price is up 1.65% at $103.64 per barrel. Oil prices rose on Wednesday after witnessing a bearish session on Tuesday. The US and its allies threaten new sanctions on Russia over charges of war crimes in northern Ukraine, raising supply concerns. Elevated supply concern paired...

Read More
Silver Futures Technical Analysis

Silver Futures Technical Analysis & Trade Signals

SILVER Technical Analysis: Weekly Chart In the weekly charts, SILVER is trading within a rectangle pattern. It is trading below MA (5) but above MA (20) and MA (50). The immediate support is 23.620 and the resistance level is at 25.925 SILVER is trading within a rectangle until there...

Read More
Silver Futures Technical Analysis

Silver Futures Technical Analysis & Trading Tips

SILVER Price Technical Analysis: Weekly Chart In the weekly charts,  Silver is trading in an upward channel. Silver is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Silver will follow an uptrend in the coming weeks. The...

Read More
Brent Crude Oil

Brent Crude Oil Technical Analysis & Trade Signals

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts, Brent Oil is trading in an upward channel. Brent Oil  is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Oil  will follow an uptrend in...

Read More
Commodity Market News

Gold gains as dollar, Treasury yields slip

Goldwas trading 1.50%up at $1,937.35 Gold rose on Thursday after the U.S. Federal Reserve’s first interest rate hike in three years bore no surprises, with gains underpinned by a drop in the dollar and U.S. Treasury yields. Spot gold advanced 0.8% to $1,942.61 per ounce by 1023 GMT, having...

Read More
Gold Trading

Gold steady as dollar dip counters Fed rate hike expectations

Goldwas trading down 0.26%at $1,925.35 Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot gold was flat at $1,917.91 per ounce at 1015 GMT, after touching its lowest since March...

Read More
Crude Oil WTI

Crude Oil WTI Technical Analysis & Trade Signals

CRUDE OIL WTI Price Technical Analysis: Weekly Chart In the weekly charts, Crude Oil WTI is trading in an upward channel. Crude Oil WTI  is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Crude Oil WTI  will...

Read More
Brent Crude

Brent Crude Technical Analysis & Trade Signals

BRENT CRUDE  Price Technical Analysis: Weekly Chart In the weekly charts, Brent Crude is trading in an upward channel. Brent Crude is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude will follow an uptrend in...

Read More