Archive for Tag: commodity 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...

Read More
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...

Read More
silver technical analysis

Silver Technical Analysis, Trade Ideas and Signals

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

Read More
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...

Read More
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...

Read More
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...

Read More
OPEC+ oil

OPEC+ set to confirm modest April output rise despite oil price spike

Brent Crude was trading up 5.97%at $111.22 OPEC+ oil producers meeting on Wednesday do not plan to accelerate output rises, according to a draft deal seen by Reuters, as Saudi Arabia and the United Arab Emirates recommit to a deal with Russia even as crude prices rocket higher. Oil...

Read More

Oil drops from 7-year high on report some Russian troops return to base

BRENT CRUDE OIL was trading down 2.59% at $93.96 Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and...

Read More