BUSINESS
Gold price drops 1.57% to Rs 46,785/10 gm this week, expert suggests buy-on-dips strategy
Gold prices traded lower during the week as prices struggled to break key resistance levels.
BUSINESS
Cotton price flat at Rs 21,860 per bale on firm global cues
The momentum indicator Relative Strength Index (RSI) is at 55.73, which indicates bullish movement in prices.
BUSINESS
Crude palm oil futures decline 1.29% to Rs 1,158.80 per 10 kg on tepid demand
The momentum indicator Relative Strength Index is at 49.39 which indicates neutral movement in prices.
BUSINESS
Gold prices ease to Rs 46,791/10 gm, dip 2.12% for the week; silver slips Rs 660 a kg
The broader range on COMEX could be between $1750- 1780 and on the domestic front, prices could hover in the range of Rs 46,550- 47,020, said Damani.
BUSINESS
Aluminium prices rise 0.85% to Rs 194.95 per kg on strong demand, bullish outlook
In the futures market, aluminium for May delivery touched an intraday high of Rs 195.30 and a low of Rs 193.35 per kg on the MCX.
BUSINESS
Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases
Rising virus cases, mixed economic data from major economies and the prospect of higher supply from OPEC and Iran are weighing on crude oil prices.
BUSINESS
Silver futures flat at Rs 67,600 per kg on muted global cues
Silver holdings in iShares ETF were unchanged at 17,650.65 tonnes. The fund NAV is trading at a discount of 0.53 percent.
BUSINESS
Natural gas futures firm at Rs 215.20 per mmBtu on lower inventory buildup
The momentum indicator Relative Strength Index (RSI) is at 65.70 which indicates upbeat movement in the prices.
BUSINESS
Gold price slips for 6th day to Rs 46,971/10 gm on firm rupee, bond yields
The broader range on COMEX could be between $1775- $1798 and on the domestic front, prices could hover in the range of Rs 47,000- Rs 47,550, said Damani.
BUSINESS
Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather
The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index is at 66.49 which indicates bullish movement in the prices.
BUSINESS
Crude palm oil futures drop 0.72% to Rs 1,198 per 10 kg in evening trade
The agri commodity has been trading higher than 50, 100 and 200-days’ moving averages but lower than 5 and 20 days’ moving averages on a daily chart for the May series.
BUSINESS
Copper prices hit fresh lifetime high of Rs 754.20 per kg on green infrastructure push
Copper prices traded higher, underpinned by spending on green infrastructure and a weaker dollar.
BUSINESS
Gold prices slip to Rs 47,351/10 gram on firm rupee; silver corrects Rs 727 a kg
Prices are trading below $1,800 levels and we may expect a downfall where support of $1,765-1,760 could be tested.
BUSINESS
Cotton futures dip marginally to Rs 21,780 per bale on weak global cues
The momentum indicator Relative Strength Index is at 54.69 which indicates upbeat movement in prices.
BUSINESS
Crude oil prices dip 1.57% to Rs 4,579/barrel on demand concerns
Crude oil witnessed selling on mixed fundamentals as investors weighed on demand growth worries amid rising cases in top oil consumers like India and Japan.
BUSINESS
Silver futures flat at Rs 68,525/kg on weaker dollar; experts raise bullish positions
Technically, LBMA Silver Spot trading above $25.75 which could push prices to $26.30-$27.50 levels.
BUSINESS
Natural gas futures fall 0.66% to Rs 209.80 per mmBtu on weak demand; speculators raised net long positions
Technically, MCX Natural Gas May could see a positive session in coming session up to Rs 213-215 levels as it holds strong support at 209-207 levels, said Iyer.
BUSINESS
MCX Natural Gas futures up 2.25% to Rs 204.70/mmBtu this week; adopt sell-on-rise strategy, says expert
The energy commodity has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on a daily chart.
BUSINESS
Gold rises 0.44% to Rs 47,560/10 gm this week; outlook bullish
"Fundamentally for the coming month, we expect international Gold futures to continue to trade bullish as the US Dollar Index and Bond yields are expected to witness a further decline," said Sunand Subramaniam, Senior Research Associate at Choice Broking.
BUSINESS
MCX Copper rises for second consecutive week, price in uncharted territory; check outlook & strategy for next week
Domestically, MCX Copper May is trading at an all-time high 736.80 level indicating a strong bullish momentum where prices have shifted to a new range zone as prices are in uncharted territory.
BUSINESS
Copper futures rise 1.21% to Rs 733.10 per kg on positive global cues, weak dollar
The non-ferrous metal has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index is at 68.57 which indicates bullish movement in prices.
BUSINESS
Nickel futures jump 1% to Rs 1,216 per kg, brokerages see further upside
The hourly momentum indicator RSI is trading at 52 and it has given a bullish divergence.
BUSINESS
Bitcoin plunge helps gold regain safe-haven status; silver tumbles
Bitcoin has tumbled $15,198.7 or 23.46 percent from the high of $64,778 it touched on April 14.
BUSINESS
Cotton futures up nearly 1% to Rs 21,410 per bale on firm global cues
The momentum indicator Relative Strength Index is at 49.48, which indicates sideways movement in prices.
