Commodities
Commodities

Commodities

22
May

Crude Oil is likely to move down to the 64,67 level

Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 73,81, which will be followed by moving up to resistance level 76,74. Downtrend scenario The downtrend may be expected to continue, while market is trading below resistance level 73,81, which will be followed […]

Share This Post
22
May

Wheat can reach 669 resistance level

Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 625, which will be followed by moving up to resistance level 669. Downtrend scenario The downtrend may be expected to continue in case the market drops below support level 593, which will be […]

Share This Post
19
May

USD/INR Price News

USD/INR seesaws around 82.75-80 as it prints minor gains amid early Friday in Europe, after refreshing an eight-week high to 82.85 the previous day. In doing so, the Indian Rupee (INR) pair justifies the market’s cautious mood ahead of top-tier events amid mixed clues at home. While portraying the mood, S&P500 Futures struggle to refresh the […]

Share This Post
19
May

WTI Price Analysis

WTI crude oil picks up bids to print 0.50% intraday gains near $72.50 as it appears well-set to snap a four-week downtrend amid early Friday. In doing so, the black gold rises inside a one-week-old symmetrical triangle. Given the quote’s successful trading past an upward-sloping trend line from the last Wednesday, near $71.95 by the […]

Share This Post
19
May

Morning Market Re-Cap

Japanese yen is one of the best performing G10 currencies today following a beat in CPI data for April. USDJPY is pulling back and looking towards a test of a recently-broken resistance zone at 138.00. Source: xStation5

Share This Post
19
May

Gold Futures Decline Appears Contained

Open interest in gold futures markets shrank for the third session in a row on Wednesday, this time by around 104.K contracts according to preliminary readings from CME Group. Volume, instead, kept the erratic performance well in place and this time went up by more than 17K contracts. Gold meets support near $1950 Gold prices retreated […]

Share This Post
17
May

Market Re-Cap

NIKKEI 225 index is one of the best performing indices. Price is near the all time high level at 30,500 points. 

Share This Post
16
May

Todays Economic Calendar

Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]

Share This Post
16
May

The Morning Market Update

The composite index for China’s economy reflects a decline in daily data, indicating consecutive decreases in the recent weeks. This index combines data on metro traffic, port congestion, box office revenue and various other daily indicators of China’s economy.

Share This Post
09
May

Chart of The Day

Gold price continues its bullish trend trajectory on Tuesday. The price of gold is currently trading around $2,030 per ounce, which is a +0.41% daily change. The upward trend channel has provided continuous positive support to gold prices – marked with dark blue parallel lines. The stochastic indicator is beginning to gather positive momentum, indicating a […]

Share This Post