Page 11 - Commodity Trading

Gold Strategy: Yellow metal uncertain before Fed outcome; support at $2,277

Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections

Silver outlook, June 12: Trend weak; US Fed outcome, CPI data next triggers

Silver strategy: Silver is expected to range trade ahead of the US CPI data (May) to be released today. A decisive breach of support at $28.84 may lead to additional sharp decline in the near-term

Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76

Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2

Soft US jobs data may push Gold to Rs 74000; check today's trading strategy

A soft US nonfarm payroll report will be positive for gold as it will increase the possibility of a rate cut happening as early as in July

Silver outlook: Post ECB rate cut boost all eyes on US jobs data

Silver is expected to consolidate its gains ahead of the US nonfarm payroll report due Friday. Traders are expected to buy the dips, says Praveen Singh of Sharekhan by BNP Paribas.

Copper, Crude Oil: Check key trading strategy, target price and more

On the daily chart, MCX Copper has been unable to sustain the breakout of its rising channel pattern and has moved down, forming a lower high, lower low pattern, indicating bearish sentiment

WTI, Brent crude oil prices enter 'oversold' zone; check levels for June 6

Commodity outlook: The economic slowdown has already been priced in by the markets and we expect limited downside in oil prices

Gold prices fall despite softer US yields, buy the dips; target prices here

Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent

Silver slides 3% on June 04; watch out for these support levels: Sharekhan

Silver has got a strong support at $29 (Rs 87,800), followed by $28.35 (Rs 86,000), says Praveen Singh, AVP - Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.

Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan

COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023

Crude Oil, Copper: Check key trading strategy, target price and more

OPEC is expected to extend its production cuts in an upcoming meeting, which has recently helped both WTI and Brent to break above their 100-day moving averages

Crude oil: 4 factors keep outlook bullish for WTI; check near-term strategy

Crude oil price outlook: WTI short term resistance is at $82 for the day, while short term trading range should be in range of $77-$82

Silver trade: Buying on dips still favourable, may continue to rise

Slightly softer than expected inflation data from University of Michigan, which was released Friday, continued to aid in commodities recovery

Crude oil strategy for May 28: WTI futures eye breakout above $80 hurdle

Crude oil outlook and strategy: Analyst at Sharekhan believes buying WTI crude on correction would be a good strategy for the day

Sebi issues SOP for handling of commodity derivatives exchange outage

Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions. Stock exchange outage means stoppage of continuous trading, either suo moto by exchange or by virtue of reasons beyond control of stock exchange. If an outage occurs on one exchange, market hours will remain unchanged on unaffected exchange, Sebi said in a circular. Under the SOP, the stock exchange that suffered the outage will have to intimate Sebi immediately after the occurrence of the outage, while the bourse has to inform market participants and trading members within 15 minutes from the occurrence of an outage through broadcast message and by publishing on its website. Further, the affected stock exchange would update about the ongoing outage in the time intervals of 45 minutes from the initial intimation

Hawkish Fed may drag Silver towards Rs 88,500; here's your trading guide

Silver at $30.12 was down over 2 per cent at the time of MCX closing as the corresponding MCX July contract at Rs 90305 was down 2.91 per cent on the day

Commodity play book: Sell May Copper futures, Buy June Oil futures

Commodity trading: Copper prices have dropped 7 per cent since Monday's record high, with a significant intraday drop due to profit-taking

Should you buy gold now? Check key levels here before investing your money

The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data

Oil to trade rangebound amid lack of bullish triggers; check key MCX levels

Brent crude oil outlook: Brokerage firm Sharekhan expects prices to trade in a broader range of $75-$80/b unless there is any major changes in terms of macroeconomics or geo-politics

Silver may top Rs 1,00,000 on MCX; buy the dips: Praveen Singh of Sharekhan

Silver price on MCX: Support is seen at $31 (Rs 93,500) /$29.50 (Rs 89,000)