Zinc prices dip on China regulatory curb, treatment charge jumps 35% on low concentrate demand
The momentum indicator Relative Strength Index (RSI) is at 48.23 which indicates sideways movement in prices.
Gold prices rise to Rs 48,672/10 gm on safe-haven billing, ETF inflows; silver falls
Patel expects gold prices to trade sideways to up for the day with COMEX gold support at $1,860 and resistance at $1,900 per ounce.
Crude oil jumps on Iran nuclear talks snag, storm formation in Gulf of Mexico
Crude oil prices are expected to trade higher for the day with resistance at $67 and support at $63 per barrel.
Silver prices rise on weak US dollar, ETF inflows; money managers cut net long position
Technically, LBMA Spot silver could trade in a range of $27.16 to $28.15, and a breakout could suggest a direction.
Natural gas price falls 1.79% on weak global cue; traders raise net short position in NYMEX
The gas price has formed a Falling channel pattern on the hourly chart and likely to continue within a channel in today’s session.
Nickel rates plunge 6.03% on China move to control prices; analysts see further weakness
The International Nickel Study Group data showed that the metal deficit widened to 16,000 tonnes in March from a modest 600 tonnes deficit in February.
MCX natural gas jumps 0.56% to Rs 217.60/mmBtu; prices may see sideways to marginal downside momentum
Traders are urged to keep an eye on the sell-on-rise opportunity in MCX Natural gas futures from the resistance level around Rs 214.70–215.10.
Crude oil suffers first weekly loss in May on Iran nuclear deal, weak demand; experts see sideways momentum
Prices could witness some additional correction next week on demand outlook in Asia and a possible increase in output from Iran.
Crude Palm Oil slips 3% this week on MCX driven by weak demand; downward momentum likely to continue
The momentum indicator Relative Strength Index (RSI) is at 51.05, suggests sideways movement in the prices.
Silver price ends flat for the week at Rs 71,049 per kg on ETF inflows, dollar weakness; analysts say buy-on-dips
LBMA Silver if trades above $26.20 level we could witness a continuation of its bullish momentum up to $28.70-$29.80 levels in the coming week.
Gold outlook: Precious metal heads towards Rs 50,000 per 10 gram; money managers raise net long positions
The yellow metal dropped in three out of five trading sessions on the MCX and ended the week with a gain of Rs 728. COMEX gold, on the other hand, rose $38 or 2.06 percent during the same period.
Copper settles below $10,000/tonne, dives 4.3% for the week; forms Bearish Shooting Star Candlestick on weekly chart
Purohit believes that the demand for the copper is coming down and supply are coming strongly and China’s efforts to curb raw material prices.
Copper drops below $10,000/tonne as investors turn cautious on metal space
MCX Copper has been trading with negative bias and price breached major support of Rs 753 - Rs 749 levels and are trading below them.
Crude Palm oil struggles at higher level on weak demand, sell-off in soy oil
The momentum indicator Relative Strength Index (RSI) is at 50.40 which indicates neutral movement in the prices.
Crude oil rises after 3 days of decline on firm equity markets, improving virus situation in Europe, US
However, weighing on price is rising virus cases in Asia, mixed economic data, easing Israel-Palestine tensions and the prospect of higher Iranian supply.
Gold trades flat at Rs 48,553/10 gm on rupee appreciation, rises 1.67% for the week, silver declines
Gold may remain choppy with US dollar and equities as market players assess Fed's monetary policy stance however failure to break past the $1900/oz level and prospect of tapering of bond purchases by Fed may make it vulnerable to profit-taking.
Silver prices continue downward slides on firm rupee, gold weakness; softer dollar, ETF inflows capped downside
Technically, LBMA Silver is holding well above $27.00 level could trade on bullish momentum up to $28.20-$28.90 levels.
Natural gas up nearly 1% on firm global cues, price likely to consolidate
Natural gas has eased back after testing a three-month high but the price has re-entered the $2.9-3/mmBtu range seen for the last few days.
Copper eases for 2nd day from record highs, to trade in bearish trend in evening session
LME supplies for copper are in marginal surplus for the day which may support the bearish move.
Zinc price rises on dollar weakness, inflation concerns; is it time to sell?
The stringent power consumption norms infused by Chinese officials might not just disrupt the supply but also affect the demand in the largest metal consuming nations.
Gold price jumps by Rs 357 to Rs 48,534/10 gm on safe-haven appeal, silver up by Rs 441 a kg
Major central banks have flagged worries over higher inflation which may support bullion prices.
Crude oil corrects over rise in US inventories, Iran nuclear talks; Brent plunges 6.75% from Wednesday highs
Crude oil prices may witness selling on mounting worries over higher inflation and rising virus cases in other Asian countries apart from India.
Silver prices slip below Rs 72,000/kg tracking weakness in gold, industrial metals
The spot gold/silver ratio currently stands at 67.68 to 1 indicating that gold has outperformed silver.
Natural gas futures slip ahead of EIA weekly inventory report
Natural gas is also weighed down by concerns about Asian demand amid rising coronavirus cases.
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