Gold prices closed beneath the USD1940 /oz support on Friday. This week, we predict the trend will shake off long traders again but hold at USD1900 /oz support area. Range is expected to trade from US…
Commodity
Weekly Rubber Report – 25 Apr 2022
Market Fundamentals: Dollar Index (USDX) settled above 101.00 on Friday in Chicago session that was last seen in March 2020. Crude and Gold prices retreated before the weekend and also put a lid on Ru…
Commodity Market Report – 28 Mar 2022
Gold prices have cemented strong support at USD1920 /oz last week. This week, the market may be uncertain and contained from USD1920 – USD1970 /oz and initiate a drawdown again. In our opinion, the tr…
Weekly Rubber Report – 28 Mar 2022
Market Fundamentals: The Russia – Ukraine crisis continues to trigger a shortage in global Crude supply and also supports the rubber demand in recovery. This week will be the final week of the Q1 seas…
Commodity Market Report – 21 Mar 2022
Gold prices reversed from USD1900 /oz last week after sharp falls for many days. This week, we forecast the trend will be trapped from USD1900 – USD1960 /oz in consolidation. Mixed trading is expected…
Weekly Rubber Report – 21 Mar 2022
Market Fundamentals: The U.S. Federal Reserve raised 0.25 percent in FED Fund rates last Thursday morning (Asia hours) for the first time since 2018. Commodity prices retreated while Crude prices also…
Commodity Market Report – 7 Mar 2022
Gold prices surged on Friday after the Crude prices rose rapidly. This week, we foresee the market will be very volatile depending on the current affairs of the Ukraine crisis. The market will be cont…
Weekly Rubber Report – 7 Mar 2022
Market Fundamentals: On Friday, the Dollar Index (USDX) climbed to 98.60 which was last seen in May 2020 before the greenback fell then. This week, we reckon the Dollar Index will be strongly resisted…
Commodity Market Report – 28 Feb 2021
Gold prices will move into wild swings this week in lieu of Russia military action. Technically, we predict the range may be trapped from USD1880 – USD1920 /oz but prone to surge again if the sanction…
Weekly Rubber Report – 28 Feb 2022
Market Fundamentals: Last week, the U.S. stock markets slumped after Russia waged a war into Ukraine on Thursday. Dollar Index (USDX), precious metals, and Crude prices rocketed but retreated sharply …