Archive for Tag: commodity futures

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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GOLD Technical Analysis

GOLD Technical Analysis

GOLD Technical Analysis: Weekly Chart In the weekly chart, GOLD is trading above its previous upward channel. It is trading below MA (5) but above MA (20) and MA (50). The immediate support is 1878 and the resistance level is at 1968. GOLD is trading above its previous upward...

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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...

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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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GOLD Technical Analysis

GOLD Technical Analysis & Trading Suggestions

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

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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...

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