Archive for Tag: Commodities Trading

COMEX gold futures

Gold trade flats on lack of momentum

The price of COMEX gold futures is up a mere 0.01% at $1840.8 per troy ounce on mid-Monday trades. Gold price is trading flatly around the $1840-level after witnessing a fall in the previous week. The recovery in risk sentiment bodes ill for the safe-havenasset. The upside in gold...

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COMEX gold futures

Gold declines as dollar strengthens and yield rose

The price of COMEX gold futures is down 1.39% at $1,849.5 per troy ounce on mid-Monday trades. Gold started the week on a bearish note, correcting sharply from its past five-week peak of $1,879. The inverse correlation between the yellow metal and the US treasury yields is back in...

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Gold Technical Analysis

Gold Technical Analysis – Gold Price Chart – Gold Trading Tips

GOLD Technical Analysis: Weekly Chart In the weekly charts, GOLD is trading in a downward channel. It is trading below MA (20) but above MA (50) and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness. The immediate support...

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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...

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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...

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copper technical analysis

COPPER FUTURES TECHNICAL ANALYSIS & TRADE SIGNALS

COPPER FUTURES Technical Analysis: Weekly Chart In the weekly charts, Copper futures is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is 4.5886 and the resistance level is at 4.9146 Copper futures is trading in an...

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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...

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Wheat Futures

Wheat prices fall as supplies from India pours in, and peace talk progresses

The price of Chicago Wheat Futures is up 2.58% at $10.320 per bushel. The ongoing conflict in Ukraine has disrupted the global wheat supply. Russia and Ukraine combined account for around 30% of the global wheat supply, with their supply going mainly to Africa and the Middle East. Egypt...

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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...

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Gold range-bound as markets eye Ukraine crisis, Fed policy stance

Gold was trading 0.41% up at $1,945.50 European shares gave up early gains to trade flat on Thursday, as the war in Ukraine marked a month and Western nations planned more sanctions on Russia. European gas prices soared after Russian President Vladimir Putin said the country would seek payment...

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