BUSINESS
Crude Palm oil slips after hitting new lifetime high on profit booking
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 66.22, which indicates bullish movement in the prices.
BUSINESS
Crude oil futures steady at Rs 4,628/barrel, likely to trade sideways; WTI trades above $61/bbl
The momentum indicator Relative Strength Index (RSI) is at 53.94 indicating neutral movement in prices.
BUSINESS
Silver futures fall 0.31% to Rs 69,000/kg; experts suggest buy for a target of Rs 70,500
LBMA Silver Spot has given a breakout above 50 as well as 100 Daily Moving Average above $26.00 level and could trade on the positive note within the range of $25.80-$27.50 levels.
BUSINESS
Natural gas futures flat at Rs 207.10 per mmBtu, outlook remains positive
The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 63.42 which indicates bullish movement in the prices.
BUSINESS
Interview | Staying connected to consumers and community is the mantra to survive the COVID-19 crisis, says Senco Gold’s Suvankar Sen
Although gold prices will remain volatile in the short term, in two years' time it will witness an upward trend, predicts the jewelry veteran
BUSINESS
Cotton futures up 0.5% to Rs 21,200 per bale on lower global stocks
The global stock reduction is supportive of cotton prices, particularly in an expanding global economy with rising world cotton mill use, Banerjee said.
BUSINESS
Copper futures fall 0.62% to Rs 724.30 per kg on subdued demand
The market sentiment has been hit by concerns over rising coronavirus cases which threaten to derail the nascent pace of global economic recovery.
BUSINESS
Gold prices rise on safe-haven appeal, weak rupee; silver jumps Rs 1,057 a kg
The gold/silver ratio currently stands at 68.50 to 1, which means the number of silver ounces required to buy one ounce of gold.
BUSINESS
Crude oil futures fall 1% to Rs 4,590 per barrel on fuel demand concerns; Brent trades below $65
The momentum indicator Relative Strength Index (RSI) is at 36.37, indicating bearish movement in prices.
BUSINESS
Silver futures drop 0.84% to Rs 69,749 per kg on weak global trends
Silver may trade with a positive bias along with gold; however. price has already rallied too sharply and ETF outflows show a lack of investor confidence.
BUSINESS
Natural gas futures fall 1.3% to Rs 200 per mmBtu ahead of inventory report
The 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. The momentum indicator Relative Strength Index (RSI) is at 55.91, which indicates upbeat movement in the prices.
BUSINESS
MCX crude palm oil settles near lifetime high; expert suggests buy-on-dips strategy
The agri commodity has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 63.24, which indicates bullish movement in the prices.
BUSINESS
Crude oil rises 6.47% to Rs 4,722/barrel, traders raise net long position; outlook bullish
Crude oil prices traded higher during the week on higher demand prospectus amid signs of economic recovery in top oil-consuming nations.
BUSINESS
Silver prices rise 2.48% for the week to Rs 68,601/kg; check outlook and strategy for this week
LBMA Silver Spot is trading above all major Daily Moving Averages indicating a strong uptrend up to $26.90-$28.30 levels. Support is at $25.30-$24.30 levels, said Iyer.
BUSINESS
Cotton tumbles 2.15% to Rs 21,380 per bale this week; outlook bullish
With the ongoing semi-lockdown situation in various parts of India and strict curfew in Maharashtra, there has been a report of supply tightness and panic buying in the domestic market.
BUSINESS
Gold price rises 1.63% to Rs 47,350/10 gm; Ideas for investors, technicals and key events to watch out for
LBMA Gold Spot on the weekly chart has given a breakout of its range-bound movement of $1,710-$1,750 levels indicating a bullish reversal in the counter.
BUSINESS
MCX Copper climbs 3% to Rs 709.5 per kg this week, experts suggest buy-on-dips strategy
"For next week, the outlook is positive but we recommend to go long on dip on MCX. The price of Rs 700- Rs 699 will act as support for the April contract and on the flip side, it can go up to Rs 720- Rs 730," said Jigar Trivedi, Research Analyst- Commodities Fundamental at Anand Rathi Shares & Stock Brokers.
BUSINESS
MCX Natural gas futures climb 6% to Rs 200/mmBtu this week, outlook bullish
The energy commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 58.64, which indicates upbeat momentum in the prices.
BUSINESS
Crude palm oil futures touch fresh lifetime high of Rs 1,173/10 kg on MCX
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index (RSI) is at 62.20, which indicates bullish momentum in the prices.
BUSINESS
Copper futures dip 1% to Rs 711 per kg, experts suggest 'buy on dip' strategy
MCX Copper April has given a breakout of its range-bound movement where it is moving towards its all-time high level of Rs 737 level indicating a strong uptrend in the counter.
BUSINESS
Cotton futures slid 1.24% to Rs 21,510 per bale on weak global cues
The momentum indicator Relative Strength Index (RSI) is at 50.53, which indicates sideways movement in prices.
BUSINESS
Gold gives a breakout, jumps above Rs 47,000/10 gram on flight to safety; silver climbs Rs 789 a kg
Gold traded higher to a more than one-month peak as US Treasury yields slipped despite better-than- expected US economic data, pushing investors to bullion as a refuge against possible inflation ahead.
BUSINESS
Crude oil futures down 0.21% to Rs 4,732 per barrel on firm rupee; Brent climbs above $67
The black gold 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 60.46 indicating bullish movement in prices.
BUSINESS
Silver futures fall marginally to Rs 68,422 per kg on strong rupee
The momentum indicator Relative Strength Index (RSI) is at 58.81, which indicates upbeat momentum in prices.
