Commodity Trading

Mirae Asset Sharekhan expects global oil market to be in surplus for a pro-longed period. It predicts WTI crude oil to hit $48 per barrel-mark in 2026

IFSCA has proposed regulatory changes to notify commodity trading as a financial product and deepen participation at GIFT-IFSC to position it as a global commodities hub

Silver needs to hold above $70 to make a fresh attempt at a new high. An increase in margins is serving as a bearish catalyst for the metal

Barring geopolitical shocks, spot gold may trade with a slightly bearish tilt ahead of the US ISM data and Index rebalancing.

Despite multiple flashpoints during the year, oil prices struggled to sustain rallies, highlighting the market's growing sensitivity to excess supply

Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.

On the technical charts, Gold has confirmed a fresh breakout from a classic cup and handle formation, reinforcing the strength of the ongoing uptrend, says Apurva Sheth of SAMCO Securities.

The white metal, at the time of writing this article, was changing hands at $57.14, down 2.3 per cent for the day as investors book profit after a stunning 8-day rally

The yellow metal, at the time of writing this article, was trading at $4,213, up nearly 0.2 per cent for the day, even as the US yields firmed up

The global surplus has increased from 0.5 bmpd to around 1.5 mbpd in the last six months

Global oil prices have shown remarkable resilience amid softer economic data from two major consumers: the US and China

Oil price outlook: While the outlook for the oil market remains bearish with expectations for a large surplus in 2026, robust refinery margins offer counterbalance

Silver price outlook: The grey metal is expected to be highly volatile as risk assets fall, said Mirae Asset analyst. Dip buying is preferred over chasing the rally, he said

Downside is expected to be limited on concerns about the US job market and expectations of Fed rate cut in December

Mohammed Imran, research analyst at Mirae Asset Sharekhan believes that global market will remain in surplus of 0.5-0.7mbpd in 2026

Silver holding well despite elevated yields and a firmer US Dollar is a positive sign. However, easing the silver lease rate has taken out the bullish sting to some extent

Global crude oil supplies are poised for a deepening glut, with prices likely to decline toward $50 per barrel by mid-2026 amid sluggish demand growth and robust production

MCX attributed the halt to a 'technical issue' and announced that trading would begin from its Disaster Recovery (DR) site, though it did not provide full details of the fault.

Sharp two-day decline in gold prices has made gold healthier as momentum-driven froth has largely subsided. Long-term fundamentals are intact and call for much higher prices

Oil prices are projected to trade in a broader $58-$64 range in the coming weeks