Market Fundamentals: Rubber prices traded higher last week as Dollar Index (USDX) weakened below 90.00 benchmarks. WTI Crude prices recover to near USD50.00 /barrel level that was last seen in Februar…
Commodity
Commodity Market Report – 14 Dec 2020
Gold prices will depend on the FOMC meeting outcome on deciding the fiscal stimulus in the coming week. Technically, we reckon the market will hover at USD1810 /oz region when there is no direction on…
Weekly Rubber Report – 14 Dec 2020
Market Fundamentals: Last week, rubber prices fell in wake of profit-taking and resurging impact from covid-19 slowdown. So far, the new fiscal stimulus has yet to be approved by U.S. Congress while B…
Commodity Market Report – 7 Dec 2020
Gold prices bounced off USD1770 /oz last week as Dollar devalued. The yellow metal has been quickly supported by market demand and returned to USD1840 /oz region. This week, we reckon the market movem…
Weekly Rubber Report – 7 Dec 2020
Market Fundamentals: Last week, Dollar Index (USDX) sank below 91.00 at the 2-1/2-year low record. The Dollar decline has helped to lift the prices of precious metals, Crude and general commodities. R…
Commodity Market Report – 30 Nov 2020
Gold prices broke below USD1800 /oz support on Friday. This week, we reckon the support will emerge at USD1770 /oz area and likely to consolidate here. Technically, we predict the market sentiment wil…
Weekly Rubber Report – 30 Nov 2020
Market Fundamentals: Last week Dollar traded in weakening sentiment and pushed the WTI Crude prices to 8-month high at USD45.00 /barrel. Rubber prices floated in firm movement but it hasn’t broken abo…
Commodity Market Report – 23 Nov 2020
Gold prices threaded sideways from USD1850 – USD1900 /oz last week. There is much uncertainty in the market but beware of unexpected downfall beneath USD1850 /oz support. In our opinion, the market is…
Weekly Rubber Report – 23 Nov 2020
Market Fundamentals: Rubber prices fluctuated last week due to uncertainty in U.S. stimulus. Dollar wobbled throughout the whole week after Secretary of Treasury Mnuchin gave ambiguous comment on Fede…
Commodity Market Report – 16 Nov 2020
Gold prices have exhibited strong support at USD1850 /oz after the market fell on last Monday. This week, we reckon the market movement will thread from USD1850 – USD1900 /oz in mixed trading. While t…