For the week ahead, mustard prices are expected to head towards Rs 4,765 per quintal
There is no divergence in Gold and prices are comfortably trading above its all-important moving average
Silver has made harami candlestick formation on daily charts
Turmeric prices in Nizamabad are trading at Rs 5,127 a quintal
Maize is trading at Rs 1,236 per quintal in Gulabbagh
Maize prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks
Gold is trading in 'buy on dips' environment
Barley is trading at Rs 1,595 per quintal in Jaipur market
The Rupee is finding resistance around 77.06 and upside momentum will continue above that level
The crude oil situation has made investors running for cash and dumping commodities
The rally is under threat only when gold breaks 44,500
Gold is trading near all time high and some pullback is expected. Instead of chasing prices at a higher level, we recommend to buy on dips near 44,300.
ADX is showing momentum on the upside for Gold
Equity class has seen a massive sell-off and investors are looking for assets to sell not bothering to see which asset to sell but finding which assets they can sell.
Rupee's ride from 71.80 to 73.20 was ferocious as in just three trading sessions, it lost more than 1.5 per cent
Gold is positive but overbought in short term, so, do not to take a fresh long position from here but let it come around to Rs 42,550 for fresh long positions
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities
For the second time, most of the analysts think silver should rally as silver is undervalued compared to other precious metals like gold, platinum, and palladium.
Commodity outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities
Commodity outlook and recommendations by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities