Archive for Tag: Commodity market outlook

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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Copper Technical Analysis, Trade Signals and Trading Tips

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading above all SMAs: MA (20), MA (50), and MA (100). RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness. The immediate support...

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Copper Technical Analysis, Trade Signals and Market Updates

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

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