Gold prices traded in narrow movement last week. Technically, the market is still held in the consolidation range and limited to USD1720 /oz resistance. This week, we project the range will be contain…
Commodity
Weekly Rubber Report – 12 July 2021
Market Fundamentals: Dollar Index (USDX) topped 92.70 level last week and began to wane. The softening greenback has lent some recovering forces to commodity prices in the market. However, the fatal r…
Commodity Market Report – 5 July 2021
Gold prices have shown a recovery pattern on the day-chart and the support lies at USD1760 /oz region. Basically, the market sentiment remains unchanged from last week and we speculate the range will …
Weekly Rubber Report – 5 July 2021
Market Fundamentals: Rubber prices underperformed last week as U.S. Dollar survived a strong recovery. Dollar Index (USDX) climbed above 92.00 region and put traders on the fence for commodity demand.…
Indonesian exports surge in April on high commodity prices
Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as t…
Commodity Market Report – 5 Apr 2021
Gold prices have shown strong support at USD1680 /oz last week. This week, we reckon the trend will be prone to firm sentiment but capped beneath USD1760 /oz. The overall range might be contained from…
Weekly Rubber Report – 5 Apr 2021
Market Fundamentals: The U.S. Non-Farm Payroll gained 916,000 jobs in March and surpassed the consensus figure. President Biden announced another new round of infrastructure stimulus worth USD2 Trill…
World palm oil production to rebound, Malaysian output to decline 500,000 tonnes, says commodity expert
The world production of palm oil is likely to rebound by 3.2 million tonnes in the October 2020-September 2021 season, while Malaysian production is expected to decline 500,000 tonnes, said Oil World …
Commodity Market Report – 22 Feb 2021
Gold prices dipped last week as the Dollar Index visited 91.00 level. This week, we project the trend will thread sideways from USD1760 – USD1800 /oz while awaiting the leading sign from the Dollar mo…
Weekly Rubber Report – 22 Feb 2021
Market Fundamentals: Last week, Rubber prices climbed in Asia due to the lift in Crude demand. Market investors are widely expecting the U.S. stimulus to be rolled out in March and stimulates commodit…