Archive for Tag: Commodity market outlook

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 Trading news

Gold Down Over Fed’s Hawkish Stance, Ukraine Conflict Provides Some Relief

Goldwas trading 0.16%down at $1,926.35 Gold was down on Monday morning in Asia, as the U.S. Federal Reserve’s hawkish stance on monetary policy capped gains. However, safe-haven support came as fighting in Ukraine shows no sign of abating. Gold futures were up 0.66% to $1,671.75 by 12:56 PM ET...

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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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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...

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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...

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Gold futures

Gold Down, U.S. Yields Up as Investors Look to Fed Policy Decision

Goldwas trading down 1.41%at $1,933.35 Gold was down on Tuesday morning in Asia, falling to its lowest in more than a week. U.S. Treasury yields surged ahead of a Federal Reserve’s policy decision and hopes for progress in talks between Ukraine and Russia further dampened the safe-haven yellow metal’s...

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Brent crude futures

Oil falls on talks to end Ukraine war and ahead of Fed meeting

Brent Crude  was trading  down 4.26%  at  $107.89 Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for higher U.S. interest rates. Brent crude futures were last down by $3.81...

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