Technical Analysis
Market Analysis, Metals, Technical Analysis
Zinc Price Forecast: Prices Hit Four-Week High at $3,830 as Tight Supply Supports Gains
Zinc prices are strengthening, with futures rising to $3,830 per tonne, their highest level in four weeks, as declining inventories, elevated electricity costs and constrained near-term supply support the market. Falling stocks in China and reduced refined zinc production across major markets are reinforcing concerns about immediate availability. Inventories held on the Shanghai Futures Exchange […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Agricultural Commodities Forecast: Rice Falls 2.08% as Palm Oil and Cotton Also Decline
Agricultural commodity markets are facing broad selling pressure, with rice recording the steepest decline in the latest market snapshot, followed by palm oil and cotton. Rice prices fall 2.08%, palm oil declines 1.96%, and cotton trades 0.70% lower. The declines point to a weaker short-term price picture across these three agricultural markets. However, each commodity […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Metals, Technical Analysis
Metals Price Forecast: Titanium Falls 4.65% as Platinum and Silver Slide, While Lithium Gains
Metals markets are experiencing broad selling pressure, led by a sharp decline in titanium, while platinum, silver and gold also trade lower. Lithium carbonate is the only gainer in the latest market snapshot, advancing 1.07% against declines across the other reported metals. Titanium records the steepest fall at 4.65%, followed by platinum, down 3.23%, and […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Energy Commodities Forecast: UK and EU Natural Gas Fall as Oil Prices Move Higher
Energy commodity markets are showing divergent price action, with natural gas contracts across the UK, Europe and the United States moving lower while crude oil, Brent crude and heating oil record gains. The latest market snapshot highlights a split between gas markets facing selling pressure and oil-related products attracting modest buying interest. UK natural gas […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Metals, Technical Analysis
Iron Ore Price Forecast: Prices Hit Four-Year Lows as China’s Steel Demand Weakens and Supply Expands
Iron ore prices remain under significant pressure as abundant global supply combines with a deteriorating demand outlook in China, the world’s dominant steel-producing market. Futures have declined towards CNY 660 per tonne, reaching fresh four-year lows as seasonal weakness in steel consumption, squeezed steelmaker profitability and expectations of rising shipments weigh on market sentiment. The […]
by Currency Hedger
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- 3 weeks ago
INR, Market Analysis, Technical Analysis
Indian Rupee weakens as higher oil prices keep elevating US Dollar’s demand
The Indian Rupee (INR) weakens again versus the US Dollar (USD) as demand for US Dollars remains significant due to elevated oil prices. In the opening trade on Tuesday, the USD/INR pair is slightly up to near 95.22. As of writing, the MCX Crude Oil contract expiring on November 19 is down 1.24% to near […]
by Currency Hedger
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- 3 weeks ago
EUR, Hedging, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Softens to near 1.1150, with bearish bias intact below 100-day SMA
The EUR/USD pair trades in negative territory near 1.1165 during the early European session on Tuesday. The Euro (EUR) extends its downside against the US Dollar (USD) as France’s fiscal concerns renewed financial stress across the Eurozone. Traders will closely monitor the Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Remains depressed below $100.00 as Mideast jitters limit downside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers for the second straight day, trading below the $100.00 psychological mark during the Asian session on Tuesday. Meanwhile, the commodity remains within striking distance of a five-month high set last Friday as traders await further developments surrounding the Middle East […]
by Currency Hedger
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- 3 weeks ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Forecast: IDR Remains Under Pressure Above 18,100 as Dollar Strength Persists
The Indonesian rupiah remains under pressure above IDR 18,100 per US dollar, trading near its weakest level since late July. A firm US dollar ahead of the Federal Reserve’s policy decision, rising oil prices and concerns over Indonesia’s fiscal outlook are weighing on sentiment. Inflation has also accelerated, while Bank Indonesia continues to intervene to […]
by Currency Hedger
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- 3 weeks ago
Commodities, Technical Analysis
Corn Price Forecast: US Futures Slip as Weak Soybeans and Export Demand Weigh on Market
US corn futures closed lower, with nearby contracts recovering from session lows but remaining under pressure from weakness in the soybean market. The national average US cash corn price slipped to $4.16½ per bushel, while export inspections fell sharply compared with both the previous week and the same period last year. The technical outlook is […]
by Currency Hedger
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- 3 weeks ago