Page 16 - Commodity Trading

Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k

Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day on Tuesday

WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77

Crude oil strategy: Crude remains on track for a monthly gain. The immediate support for WTI remains at $ 78.78 (50-DMA) and short-term support stays at $77.13 (200-DMA)

Silver strategy: White metal may rise to Rs 93,400; Support at Rs 90,300

Weaker-than-expected US data also boosted silver prices as rate cut probability rose

Gold zooms to two-week high on rate cut speculation; trading strategy here

Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time

WTI crude oil to stay rangebound within $78-$83; check strategy for June 20

Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term

Silver: Outlook bearish in short term on rate cut delays; details here

Silver has come under renewed downside pressure as the US Federal Reserve delivered a hawkish pause in its monetary policy meeting that concluded on June 12

Hawkish Fed pause weighing on Gold prices, may test Rs 70,300, Rs 68,700

Gold rate today: The MCX Gold August contract was at Rs 71,135, down 1.16 per cent at Thursday's close

Crude Oil: Check key trading strategy on June 13, target price and more

The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday

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