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  • Crude oil rises on improving demand, Brent trades above $69 a barrel May 17, 2021 07:59 PM IST

    Crude oil rises on improving demand, Brent trades above $69 a barrel

    Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $64 per barrel.

  • Gold prices give a breakout above 200-day SMA, rise above Rs 48,000/gm; Silver up Rs 1,375 a kg May 17, 2021 06:32 PM IST

    Gold prices give a breakout above 200-day SMA, rise above Rs 48,000/gm; Silver up Rs 1,375 a kg

    International gold is trading with marginal sideways to positive bias after breaching the resistance of $1,838-1,846 levels.

  • Cotton futures remain marginally higher at Rs 22,130 per bale on firm global cues May 17, 2021 05:17 PM IST

    Cotton futures remain marginally higher at Rs 22,130 per bale on firm global cues

    CAI has lowered Indian cotton consumption estimates by 15 lakh bales, which is negative for cotton prices.

  • Silver prices inch closer to Rs 72,000/kg; forms bullish Engulfing Candlestick May 17, 2021 04:11 PM IST

    Silver prices inch closer to Rs 72,000/kg; forms bullish Engulfing Candlestick

    Technically, LBMA Silver could trade on bullish momentum up to $27.90-$28.30 levels.

  • Natural gas prices rise on cooling demand; speculators increase net long positions May 17, 2021 03:28 PM IST

    Natural gas prices rise on cooling demand; speculators increase net long positions

    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.

  • China April aluminium output hits record high as output curbs ease May 17, 2021 03:05 PM IST

    China April aluminium output hits record high as output curbs ease

    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.

  • Gold Price Today: Yellow metal trades higher tracking global cues; experts see prices move towards Rs 48,365 May 17, 2021 11:13 AM IST

    Gold Price Today: Yellow metal trades higher tracking global cues; experts see prices move towards Rs 48,365

    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

  • Oil edges lower as COVID-19 restrictions in Asia fuel demand concerns May 17, 2021 09:31 AM IST

    Oil edges lower as COVID-19 restrictions in Asia fuel demand concerns

    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.

  • Gold scales over three-month high on virus worries, lower US yields May 17, 2021 09:31 AM IST

    Gold scales over three-month high on virus worries, lower US yields

    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.

  • Silver drops 0.59% for the week on strong rupee, ETF outflow; resistance seen at Rs 72,700-74,300 levels May 16, 2021 07:58 PM IST

    Silver drops 0.59% for the week on strong rupee, ETF outflow; resistance seen at Rs 72,700-74,300 levels

    If LBMA Silver trades above $26.70 level, we could see a positive momentum up to $27.80-$29.70 levels.

  • Copper rally pauses on increase in margin, firm dollar; experts suggest buy-on-dip strategy for investors May 16, 2021 06:07 PM IST

    Copper rally pauses on increase in margin, firm dollar; experts suggest buy-on-dip strategy for investors

    The only question for investors is whether China will introduce measures to curb higher prices.

  • Gold outlook: Precious metal on verge of big breakout; price heads toward Rs 50,000 per 10 gm May 16, 2021 04:33 PM IST

    Gold outlook: Precious metal on verge of big breakout; price heads toward Rs 50,000 per 10 gm

    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.

  • Zinc prices plunge 2.76% on MCX; outlook remains bullish May 15, 2021 09:28 PM IST

    Zinc prices plunge 2.76% on MCX; outlook remains bullish

    The momentum indicator Relative Strength Index is at 49.37 which indicates neutral movement in prices.

  • Crude palm oil to continue bullish momentum, up 1.4% during the week May 15, 2021 06:43 PM IST

    Crude palm oil to continue bullish momentum, up 1.4% during the week

    The momentum indicator Relative Strength Index is at 62.67, which indicates bullish movement in the prices.

  • Natural gas price drops to Rs 216.40 per mmBtu; experts suggest buy-on-dips strategy May 15, 2021 05:03 PM IST

    Natural gas price drops to Rs 216.40 per mmBtu; experts suggest buy-on-dips strategy

    Natural gas prices attempted to break out on Friday but failed to push through resistance and fell back to short-term support.

  • Crude oil outlook turns bullish on recovering demand, analysts expect higher levels May 15, 2021 04:07 PM IST

    Crude oil outlook turns bullish on recovering demand, analysts expect higher levels

    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.

  • Focus may continue to be on economic data and central bank comments as inflation concerns seep into commodities market May 15, 2021 08:21 AM IST

    Focus may continue to be on economic data and central bank comments as inflation concerns seep into commodities market

    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.

  • Crude oil rises on hopes of demand recovery;  WTI trades above $65/bbl May 14, 2021 10:03 PM IST

    Crude oil rises on hopes of demand recovery; WTI trades above $65/bbl

    The momentum indicator Relative Strength Index (RSI) is at 53.58 indicating sideways movement in prices.

  • Copper price eases on profit booking, tightening credit in China May 14, 2021 07:41 PM IST

    Copper price eases on profit booking, tightening credit in China

    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.

  • Gold prices flat at Rs 47,757/10 gram, Axis Securities sees price at Rs 53,000 level by year-end; Silver drops May 14, 2021 06:28 PM IST

    Gold prices flat at Rs 47,757/10 gram, Axis Securities sees price at Rs 53,000 level by year-end; Silver drops

    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.

  • Cotton price drops on lower demand, increase area under cultivation May 14, 2021 05:32 PM IST

    Cotton price drops on lower demand, increase area under cultivation

    The government has allowed mills to operate but markets are closed so mills are facing a cash crunch.

  • Silver prices rise near Rs 71,000/kg on ETF inflows, US dollar pullback May 14, 2021 04:49 PM IST

    Silver prices rise near Rs 71,000/kg on ETF inflows, US dollar pullback

    The momentum indicator Relative Strength Index (RSI) is at 57.83, which indicates bullish movement in prices.

  • Natural gas marginally lower on subdued global trend, inline inventory data May 14, 2021 03:18 PM IST

    Natural gas marginally lower on subdued global trend, inline inventory data

    The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on a daily chart.

  • Pandemic has shifted the limelight to digital gold: Abhishek Bansal of Abans Group May 14, 2021 01:15 PM IST

    Pandemic has shifted the limelight to digital gold: Abhishek Bansal of Abans Group

    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.

  • 'Portfolio that comprises gold provides better risk-adjusted returns, so allocate 15-20% of portfolio' May 14, 2021 01:02 PM IST

    'Portfolio that comprises gold provides better risk-adjusted returns, so allocate 15-20% of portfolio'

    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.

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