Gold prices traded in the uncertain direction as the market may be conducting its final correction. This week, we reckon the market will range from USD1800 – USD1840 /oz. However, most traders are pla…
Commodity
Weekly Rubber Report – 15 Feb 2021
Market Fundamentals: As Crude oil ascended towards USD60.00 /barrel, Rubber prices have benefited in firm sentiment but yet to rise aggressively. On other hand, the week-long holidays in China market …
JPMorgan Says Commodities May Have Just Begun a New Supercycle
With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle …
Commodity Market Report – 8 Feb 2021
Gold prices dipped beneath USD1800 /oz last week but closed at USD1811 /oz on Friday. This week, it is crucial to check the Dollar trend for an inverse correlation to the yellow metal. Literally, we f…
Weekly Rubber Report – 8 Feb 2021
Market Fundamentals: Dollar Index (USDX) ascended above 91.00 level last week and put a lid across most commodity prices. However, Crude oil outperformed and supported rubber prices for a recovery. OP…
Commodity Market Report – 25 Jan 2021
Gold prices have shown strong resistance at USD1870 /oz level. This week, we project the initial range will be contained from USD1820 – USD1870 /oz range. The eventual direction of the yellow metal wi…
Weekly Rubber Report – 25 Jan 2021
Market Fundamentals: Commodity rubber were stagnant with bearish bias last week while U.S. Presidential handover was taking place. Dollar Index (USDX) although is showing sign of exhaustion, has maint…
Commodity Market Report – 11 Jan 2021
Gold prices had a huge plunge on Friday and closed at USD1848 /oz. This week, we expect the trend to dip and attempt USD1800 /oz before bargain hunting steps into the market. The overall range will be…
Weekly Rubber Report – 11 Jan 2021
Market Fundamentals: Over the year-end of 2020, Dollar Index (USDX) has submerged below 90.00 benchmarks but returned above this level on Friday’s closing. Rubber has been resilient in price recovery …
Commodity Market Report – 21 Dec 2020
Gold prices traded higher as Dollar softened last week. This week, we reckon the resistance will emerge at USD1900 /oz area. The overall range will be contained from USD1840 – USD1900 /oz while trader…