BUSINESS
Cotton price hits record high of Rs 23,940 a bale on rising demand, falling supply
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-day simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Natural gas futures firm ahead of inventory report, trades above key averages
The gas prices were supported by warm weather in parts of the United States thus increasing cooling demand.
BUSINESS
Gold price eases marginally to Rs 49,218/10 gm on softer rupee, increased risk appetite
The broader range on COMEX could be between $1,886-$1,910 and on the domestic front, prices could hover in the range of Rs 49,100 - Rs 49,700.
BUSINESS
Silver prices slip below Rs 72,000/kg on stronger dollar and gold weakness
International Silver is trading with negative bias below $28 levels and in the upcoming session support of $27.50-27.70 levels could be tested.
BUSINESS
Crude oil futures cross Rs 5,000/barrel barrier on higher demand outlook; hits highest level since October 2018
Crude oil prices are expected to trade up for the day with resistance at $70 and support at $67 per barrel.
BUSINESS
Crude Palm Oil futures flat at Rs 1,141/10 kg after 5 days of losses; outlook bearish
Although the demand scenario in India is uncertain even though the lockdown situation in various states have started to ease for agricultural activities, the industries continue to stock in lesser Crude Palm Oil as the retail and cosmetic demand is lower in major parts of India, said Subramaniam.
BUSINESS
Natural gas futures fall on weak global trend; support seen at Rs 224-222
NYMEX Natural gas could trade in a range of $2.98-3.20 levels in the coming session.
BUSINESS
Copper prices subdued after touching resistance zone; lower inventory and weaker dollar lend support
The momentum indicator Relative Strength Index (RSI) is at 57.18, which indicates a mildly bullish movement in prices.
BUSINESS
Gold continues upward march after rising 5% in May; Silver jumps Rs 1,063 a kg
Gold may trade with a positive bias unless there is a substantial recovery in US dollar.
BUSINESS
Crude oil futures jump nearly 2% on rising fuel demand; Brent trades near $71/bbl
Crude oil prices traded higher on higher demand outlook from US, Europe and China with reopening of economic activities.
BUSINESS
Silver price inch closer to Rs 73,000/kg on firm industrial demand, dollar weakness
The spot gold/silver ratio currently stands at 67.63 to 1 indicating that silver has outperformed gold.
BUSINESS
Natural gas futures trade in bullish note, surges over 5% in last 3 trading sessions
Natural gas may remain in a range amid lack of clear cues however hopes of higher weather-related demand may keep prices supported.
BUSINESS
Gold prices end flat on firm rupee, inflation hedge; to hover around Rs 51,200 per 10 gm in June
The bullion metal has been trading higher than 20, 50 and 100 days' moving averages but lower than the 5 and 200 days’ moving averages on the daily chart.
BUSINESS
Crude oil prices climb 4.16% on improved demand forecast; resistance seen around Rs 5,000
Prices could move higher as demand could continue to lend support. However, concerns about Indian demand and expectations for potential supply increase from Iran could cap upside.
BUSINESS
MCX natural gas futures rise 2.4% to Rs 217.50/mmBtu; experts advise sell-on-rise strategy
NYMEX Natural Gas could trade in the range of $2.75-$3.35 levels in the coming week.
BUSINESS
Gold falls for second successive day to Rs 48,654/10 gm; silver eases
Gold may witness choppy trade however bias may be on the downside if the US dollar can recover.
BUSINESS
Crude oil jumps on fuel demand recovery, Brent inches near $70 a barrel
Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $65 per barrel.
BUSINESS
Silver prices slide as gold and industrial metals struggle for direction, US dollar rebound
Technically, LBMA Silver is sustaining below $28.30 level below which could see sideways to downside momentum up to $27.25-$26.80 levels.
BUSINESS
Natural gas futures trade flat on higher inventory buildup; bias remains on downside
Technically, NYMEX Natural gas could trade in a range of $2.85-3.10 levels in the coming session.
BUSINESS
Copper price climbs above $10,000/tonne as chances of PBOC policy tightening subsides
Revival in global economies amid stalled industrial activities in the virus struck nations boosted the demand for Chinese products in the overseas markets.
BUSINESS
Crude oil dips marginally amid volatile trade, likely to see downward bias for the day
The momentum indicator RSI is trading at 44 on the hourly chart and it is forming lower lows which is a bearish sign, said Axis Securities
BUSINESS
Gold prices slump to Rs 48,810/10 gm on firm rupee, ahead of US GDP data; silver crashes to Rs 1,216 a kg
Patel expects gold prices to trade sideways to up for the day with COMEX gold support at $1,890 and resistance at $1,920 per ounce.
BUSINESS
Silver prices slide on firm rupee, subdued gold; all eyes on US GDP data
Technically, LBMA Silver holds a hurdle near $28.30 level below which could see sideways momentum to bearish momentum.
BUSINESS
Natural gas futures trades lower ahead of inventory report
MCX June Natural Gas is sustaining near the support line of 15-SMA of hourly chart placed at Rs 219.
