May 17, 2021 07:59 PM IST
Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $64 per barrel.
- May 17, 2021 06:32 PM IST
International gold is trading with marginal sideways to positive bias after breaching the resistance of $1,838-1,846 levels.
- May 17, 2021 05:17 PM IST
CAI has lowered Indian cotton consumption estimates by 15 lakh bales, which is negative for cotton prices.
- May 17, 2021 04:11 PM IST
Technically, LBMA Silver could trade on bullish momentum up to $27.90-$28.30 levels.
- May 17, 2021 03:28 PM IST
The weather is expected to remain warmer than normal for most of the next two weeks, which could put some upward pressure on cooling demand and cap further downside.
- May 17, 2021 03:05 PM IST
Primary aluminium output in China, by far the world's biggest producer of the metal, was 3.35 million tonnes in April, the National Bureau of Statistics said. That was up 2.3 percent from 3.276 million tonnes in March and 12.4 percent higher than production in April 2020.
- May 17, 2021 11:13 AM IST
MCX Gold June pivotal level is at Rs 48,365 per 10 gram and a break above will push gold to Rs 48,600, says Sriram Iyer of Reliance Securities
- May 17, 2021 09:31 AM IST
Gasoline shortages that have plagued the U.S. East Coast slowly eased on Sunday, with 1,000 more stations receiving supplies as Colonial Pipeline's 5,500-mile (8,900-km) system recovered from a crippling cyberattack.
- May 17, 2021 09:31 AM IST
Spot gold was up 0.6% at $1,852.39 per ounce by 0318 GMT, after hitting its highest since Feb. 10 earlier in the session. U.S. gold futures jumped 0.7% to $1,851.10.
- May 16, 2021 07:58 PM IST
If LBMA Silver trades above $26.70 level, we could see a positive momentum up to $27.80-$29.70 levels.
- May 16, 2021 06:07 PM IST
The only question for investors is whether China will introduce measures to curb higher prices.
- May 16, 2021 04:33 PM IST
Analysts expect gold prices to trade up in the coming week with COMEX spot gold resistance at $1,860 per ounce and support at $1,800 per ounce. The break above $1,860 may lead prices towards $1,890 levels.
- May 15, 2021 09:28 PM IST
The momentum indicator Relative Strength Index is at 49.37 which indicates neutral movement in prices.
- May 15, 2021 06:43 PM IST
The momentum indicator Relative Strength Index is at 62.67, which indicates bullish movement in the prices.
- May 15, 2021 05:03 PM IST
Natural gas prices attempted to break out on Friday but failed to push through resistance and fell back to short-term support.
- May 15, 2021 04:07 PM IST
As economies open in the US and Europe, pend up demand from these nations will lend support as the driving season in the United States gather momentum.
- May 15, 2021 08:21 AM IST
While commodities have halted, market players are skeptical that a sharp correction may follow as stimulus measures are likely to continue while growth outlook remains positive.
- May 14, 2021 10:03 PM IST
The momentum indicator Relative Strength Index (RSI) is at 53.58 indicating sideways movement in prices.
- May 14, 2021 07:41 PM IST
Copper prices fell on Friday, with the London contract set for its first weekly decline in more than a month, on worries of tightening credit that could potentially cap demand for the metal.
- May 14, 2021 06:28 PM IST
Gold may remain choppy reflecting volatility in the US dollar however we expect buying interest to emerge at lower levels as Fed is likely to maintain a dovish stance.
- May 14, 2021 05:32 PM IST
The government has allowed mills to operate but markets are closed so mills are facing a cash crunch.
- May 14, 2021 04:49 PM IST
The momentum indicator Relative Strength Index (RSI) is at 57.83, which indicates bullish movement in prices.
- May 14, 2021 03:18 PM IST
The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on a daily chart.
- May 14, 2021 01:15 PM IST
According to Abhishek Bansal of Abans Group, Indian Gold prices are likely to form a short term base near Rs 43,000-44,500 per 10 gram.
- May 14, 2021 01:02 PM IST
Looking ahead, gold might keep meandering for a while in the short term, but we expect the precious metal to regain charm and steer its way towards Rs 52,000 per 10 grams level ($1,960 an ounce) from a medium-term perspective.