Technical Analysis
Commodities, Technical Analysis
Palm Oil Price Forecast: Record Malaysian Inventories Weigh on Futures Below MYR 4,600
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Malaysian palm oil futures have retreated below MYR 4,600 per tonne as rising inventories, stronger production and weaker exports reinforce concerns over the market’s supply-demand balance. Pressure from competing edible oils in China and the United States, alongside lower crude oil prices, is also weighing […]
by Currency Hedger
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- 1 month ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Forecast: KRW Retreats as Rising Oil Prices and Dollar Strength Weigh
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The South Korean won has retreated towards 1,342 per US dollar after reaching its strongest level since October 2024, as renewed dollar strength and rising energy prices challenge the currency’s recovery. The move highlights South Korea’s exposure to imported energy costs at a time when […]
by Currency Hedger
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- 1 month ago
Commodities, Technical Analysis
Soybean Price Forecast: Futures Hit Six-Week Low as Record US Crop Weighs on Prices
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Soybean futures are under pressure, trading below $12.80 per bushel and reaching a six-week low as expectations for a larger US harvest and improving crop conditions in South America weigh on the market. Higher US production and yield forecasts from the US Department of Agriculture […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Brent Crude Price Forecast: Oil Rises Above $105.50 as Middle East Tensions Escalate
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Brent crude has climbed above $105.50 per barrel, reaching its highest level in more than two weeks as escalating Middle East tensions heighten concerns over regional security and the reliability of energy supplies. Renewed attacks targeting Saudi Arabia and another tanker incident in the Strait […]
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Aluminum Price Forecast: Prices Hit Lowest Since February as Supply Outlook Improves
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Aluminum prices are under pressure, with UK-traded futures around $3,050 per tonne and hovering near their lowest level since February. A stronger US dollar, easing concerns over Gulf supply disruptions and expectations of expanding production capacity are weighing on the market, while softer demand prospects […]
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- 1 month ago
Commodities, Market Analysis, Technical Analysis
Agricultural Commodities Forecast: Oats and Sugar Fall as Rice and Corn Advance
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Agricultural commodity markets are showing mixed performance, with oats and sugar moving lower while rice and corn record modest gains. Oats lead the reported declines, falling 1.64%, followed by sugar at 0.88%. On the upside, rice advances 0.53% and corn gains 0.51%, reflecting differing price […]
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Metals Commodities Forecast: Lithium Carbonate Slides 5.68% as Copper and Silicon Advance
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Metals markets are showing mixed performance, with lithium carbonate suffering a sharp decline while copper and silicon post modest gains. Lithium carbonate falls 5.68% in the reported market snapshot, substantially underperforming aluminum alloy and gold, which also trade lower. Copper rises 0.59%, while silicon gains […]
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- 1 month ago
Commodities, Energies, Market Analysis, Technical Analysis
Energy Commodities Forecast: Heating Oil and Natural Gas Lead Losses as Oil Prices Weaken
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Energy commodity markets are showing mixed performance, with heating oil, US natural gas and crude oil leading losses, while European and UK natural gas contracts move higher. The divergence highlights a market responding to different regional supply conditions, fuel demand expectations and the outlook for […]
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Steel Price Forecast: Improving Margins Support Rebar as China’s Construction Demand Remains Weak
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Steel rebar futures are trading near CNY 3,100 per tonne, with lower spot coke prices providing some relief to Chinese steelmakers by reducing production costs and narrowing operating losses. The improvement could ease pressure on mills to cut output, offering near-term support to steel prices […]
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Iron Ore Price Forecast: Chinese Restocking Hopes Support Prices as Supply Risks Persist
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Iron ore prices are attempting to stabilise after reaching four-year lows, with futures recovering towards CNY 690 per tonne as Chinese steelmakers prepare to replenish raw material inventories following an extended holiday. The expected return of mills to the spot market could provide near-term support, […]
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- 1 month ago