May 10, 2021 12:30 PM IST
Brent crude was up by 57 cents, or 0.8%, at $68.85 a barrel by 0645 GMT, having risen by l.5% last week. U.S. West Texas Intermediate futures rose by 51 cents, or 0.8%, at $65.41 a barrel, after gaining more than 2% last week.
- May 10, 2021 11:35 AM IST
The premium for commodities that can be delivered now versus later into the future is the highest since 2007, signalling just how strong is the demand for raw materials and how tight supplies are.
- May 10, 2021 09:59 AM IST
MCX June gold has given a breakout above 47,750 from where a further bullish momentum of up to 48,000-48,200 levels is possible. Support is at 47,500-47,300 levels, say experts.
- May 09, 2021 07:42 PM IST
In the medium to long term horizon, gold and silver could continue their upside momentum supported by the dovish Fed.
- May 09, 2021 04:50 PM IST
The momentum indicator Relative Strength Index is at 61 which indicates bullish movement in prices.
- May 09, 2021 03:44 PM IST
The market continued to show signs of strength and confidence that global demand can continue to go higher despite a rise in COVID-19 cases in India.
- May 08, 2021 08:53 PM IST
Copper future has formed a cup and handle chart pattern on the daily chart and the price has remained in quite bullish suggestion for the coming week.
- May 08, 2021 06:35 PM IST
The momentum indicator Relative Strength Index is at 58.73 which indicates positive movement in prices.
- May 08, 2021 05:17 PM IST
The Relative Strength Index sustaining above mid-level of 50 and MACD above zero line indicating strength in price.
- May 08, 2021 03:53 PM IST
If commodities continue to trade higher, inflation concerns may strengthen further, fueling debate about how long central banks can continue with loose monetary policies
- May 08, 2021 03:51 PM IST
Traders should keep an eye on the sell-on-rise opportunity in MCX natural gas futures from the resistance level of around Rs 208-209.
- May 07, 2021 09:46 PM IST
A steady decline in the Copper inventories in the LME monitored warehouse further signalled towards a tighter market which further strengthened the prices.
- May 07, 2021 07:27 PM IST
The market is trading in a strong uptrend and any dip in prices should be used as a buying opportunity for investors, said Purohit.
- May 07, 2021 06:46 PM IST
Gold prices were boosted by a fall in the dollar index and a decline in US bond yields.
- May 07, 2021 04:55 PM IST
The oil price has come under pressure after testing the highest level since early March.
- May 07, 2021 04:24 PM IST
On the MCX Natural Gas May resistances remain at Rs 218.40-221.30 whereas supports are at Rs 213.60-211.50 levels.
- May 07, 2021 03:55 PM IST
Both the momentum indicators RSI and MACD are also confirming positive moves for the metal.
- May 07, 2021 10:42 AM IST
The Bank of Canada Commodity Price Index is up by 86 percent over a year ago
- May 07, 2021 09:38 AM IST
On MCX, gold has support at Rs 47,330-47,100 and resistance at Rs 47,800-48,050. For silver, support is at Rs 71,100-70,700 and resistance at Rs 72,400-72,900, say experts.
- May 07, 2021 07:40 AM IST
Brent crude futures for July were at $68.17 a barrel by 0052 GMT, up 8 cents, while U.S. West Texas Intermediate (WTI) crude for June rose 9 cents to $64.80.
- May 06, 2021 10:32 PM IST
Mounting supply side stress amid an improved demand outlook for aluminium and other industrial metals might continue to support the prices in the near term.
- May 06, 2021 07:23 PM IST
The reopening of economies and speculative buying was the trigger for the move higher.
- May 06, 2021 06:15 PM IST
As long as prices stay above $1,760 we can expect the positive bias to remain intact but it is required to close above $1800 to continue major rallies, said Hareesh V.
- May 06, 2021 04:52 PM IST
Crude oil prices are fluctuating between pandemic worries and economic recovery raising demand hopes.
- May 06, 2021 03:42 PM IST
The trend in US dollar and bond yields may continue to affect gold and silver and the focus will be on economic data from major economies.