BUSINESS
Crude oil prices climb above Rs 5,500/barrel on firm demand, supply concerns; Brent trades above $78/bbl
Purohit expects the prices to trade with bullish bias in the evening hours and trade near Rs 5,600 levels.
BUSINESS
Silver prices gain above Rs 60,000/kg on rupee downtick, short covering; trend remains weak
The white metal has been trading lower than the 5, 20, 50, 100 and 200-day simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Natural gas futures rise over 4% on strong global cues; experts suggest buy-on-dip strategy
The commodity has been trading higher than 5, 20, 50, 100, and 200 days' simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Commodity outlook: Gold may slide to Rs 45,000- Rs 44,500/10 gm in coming week
The momentum indicator Relative Strength Index (RSI) is at 38.44, which suggests bearishness in the prices.
BUSINESS
Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl
Crude oil prices are expected to trade up for the day with resistance at $73 and support at $70 per barrel, said Patel.
BUSINESS
Gold prices edged higher after 3 days of fall; silver up Rs 486 a kg
Patel expects gold prices to trade sideways to up with COMEX spot gold resistance at $1,775 and support at $1,750 per ounce.
BUSINESS
Silver prices snap 4-day losing streak on recovery in industrial metals, firm gold and dollar downtick
The spot gold-silver ratio was at 78.33 to 1, indicating that silver had outperformed gold.
BUSINESS
Natural gas futures slip for 4th day; down 11.28% from recent high
The commodity has been trading higher than 20, 50, 100, and 200 days' simple moving averages and exponential moving averages but lower than the 5-day simple and exponential moving averages on the daily chart
BUSINESS
Gold prices steady at Rs 46,282/10 gm ahead of US Fed meet; silver slips Rs 1,417 a kg
The broader range on COMEX could be between $1730- 1775 and on the domestic front, prices could hover in the range of Rs 45,800- 46,180, said Damani.
BUSINESS
Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl
"Crude has turned choppy after the recent rally and we may see some extended correction if equities remain under pressure," said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities.
BUSINESS
Silver prices flat at Rs 60,000/kg after last week selloff; bias remains weak
The white metal has been trading lower than the 5, 20, 50, 100 and 200-day simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Natural gas futures fall for third day on long unwinding, weak global cues
The momentum indicator Relative Strength Index (RSI) is at 61.17, which suggests buying at the price.
BUSINESS
Crude oil prices rally 3% on strong demand outlook; sentiments remain upbeat
The CFTC data showed that money managers increased their net long positions by 24,870 lots last week.
BUSINESS
Gold outlook: Precious metal likely to trade sideways to down in coming week; Fed's decision in focus
The CFTC data showed that money managers increased their net long positions by 3,855 lots last week.
BUSINESS
Natural gas prices up over 4% this week
The gas price has been trading higher than the 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day simple and exponential moving average (EMA) on a daily chart.
BUSINESS
Gold prices snap four-day losing streak, touch Rs 47,255 per 10 gm; silver rises by Rs 275 a kg
Gold is expected to trade sideways to up, with COMEX spot gold resistance at $1,815 and support at $1,790 per ounce.
BUSINESS
Silver prices a tad low on subdued gold, volatility in dollar
The momentum indicator Relative Strength Index (RSI) is at 46.03, indicating a weakness in the price.
BUSINESS
Natural gas futures hit fresh lifetime high on supply concerns, strong demand
Natural gas may remain volatile as market players question the sustainability of recent gains. However, the general momentum may remain positive unless there is substantial recovery in US output.
BUSINESS
Gold prices hover near Rs 47,000 per 10 gm on muted global trend; silver declines by Rs 70 a kg
Gold may remain choppy ahead of inflation data. However, reading in line with or lower than expectations may ease worries about Fed's tightening and lend support to gold prices, say analysts.
BUSINESS
Silver sees a mild dip on subdued cues in gold, industrial metals; support seen at Rs 62,300
Technically, LBMA Silver is trading below $24 which could see sideways to marginal downside momentum to $23.30-$22.88
BUSINESS
Natural gas futures pullback after a sharp spike
The commodity has been trading higher than 5, 20, 50, 100, and 200 days' simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Gold prices marginally fall to Rs 47,059/10 gm on dollar uptick; silver crashes Rs 1,191 a kg
Patel expects gold prices to trade sideways to up with COMEX spot gold resistance at $1,803 and support at $1,780 per ounce.
BUSINESS
Aluminium price nears $3,000/tonne on firm demand, touches fresh high on MCX
The non-ferrous metal touched a high of $2,999.25/tonne on the LME during intraday and was 4.09 percent away from the all-time high of $3.076, it touched on May 3, 2008.
BUSINESS
Gold prices decline for 2nd straight week, technical indicates further downside
The bullion metal has been trading lower than its 5, 20, 50, 100, and 200 days’ simple moving averages and exponential moving averages on the daily chart.
