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Gold very quiet as we consolidate Tuesday's sharp losses. Today immediate support is 1296/95 but below 1292 risks a retest of this week's low at 1285/84. If we continue lower look for a test of April...
Gold has recovered up to 1320-1342 resistance area that we highlighted it several times in our past updates. We also noted that bearish reversal could be near if we consider a double zigzag from the...
Gold oscillated around 1300 yesterday in quiet trading, finding support at 1293 and resistance at the 50% retracement of the April rally around 1304. The bulls must break above this level, which...
BackgroundThis is a distressing time for Gold and Silver bulls like me who are constantly on the lookout for a turnaround in the precious metals sector. I’m confident that it will come...
CLOil is being driven more by the Ukraine situation,” Guy Wolf, global head of market analytics at Marex Spectron Group in London, said by e-mail. “Does this situation mean more intense...
The nickel price has rallied more than 20% since late February and significantly outperformed other base metals over this period. The sharp price increase is mainly due to supply concerns which we...
Chinese firms could have locked up as much as 1,000 tonnes of Gold in financing deals, an industry report said, indicating a big slice of imports has been used to raise funds due to tight credit...
WTI prices behaved as we expected yesterday. Prices tanked after peaking above 104.5 following a surprise bullish push during the European session even though there was very little reason to justify...
The snow is piled waist-deep outside the Southern Manitoba Convention Centre as more than 400 farmers gather to consider the once-unthinkable: growing corn on the Canadian prairie. At one end of the...
Gold was smashed lower yesterday, falling $40 in the biggest intraday decline since October. The selling accelerated as support levels and moving averages were broken one after another, with gold...
3 month forward LME Zinc prices showed a marginal decline in the prices and ended the day at $2045 down by $8 from its previous close. In the similar lines April future ended at Rs. 123.45 down by Rs....
However, as we proceed, the commodity may eventually remain lower. At least the fall is expected to remain until the mid-European session. Copper’s 3 month prices at the LME fell sharply...
We had a bullish outlook on Aluminum yesterday but, it declined sharply during the early US session when the dollar index surged. The commodity finally ended on a lower note at Rs 110.20, down by...
PreciousGold looked vulnerable after yesterday’s sharp as improvement in U.S. economic outlook and worries of slowdown in China weighed on the metal’s demand. After the shiny metal...
Concerns over Chinese economic growth weighed on the commoditiy markets on Wednesday. But the continuing tension over Ukraine has kept prices cushioned against sharp losses. Mixed Sentiment is...