Chicago Wheat futures price is down 1.53%, closing at $11 per bushel. The Food and Agricultural Organization (FAO), a United Nations agency, recently announced its Food and Price Index, which tracks monthly change in the international prices of a “basket of commonly-traded commodities,” witnessed the highest increase in March...
COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is 4.4512 and the resistance level is at 4.8248 COPPER is trading in an upward channel until...
The copper futures price is up 0.24% at $4.7235 per pound on COMEX. According to analysts, copper price is expected to soar due to low global inventories and the Russia-Ukraine conflict. Goldman Sachs, on Thursday, released a report pointing out “an extreme fundamental turn” for the first time in...
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...
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...
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...
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...
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...
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...
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...
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