Market Fundamentals: Rubber prices climbed last week as demand for the raw material increased. Recovery in Crude prices also has helped to support the Rubber demand. Traders are still feeling excited …
Commodity
Commodity Market Report – 9 Nov 2020
Gold prices broke above USD1930 /oz last week and might have ended the sideways correction. This way, we project strong support will arise at USD1900 – USD1920 /oz in case of drawdown. Technically spe…
Weekly Rubber Report – 9 Nov 2020
Market Fundamentals: Rubber prices traded sideways last week after falling off 3-year highs. Dollar Index (USDX) dived from 94.00 level and closed at 92.25 on Friday. Investors are still waiting anxio…
Commodity Market Report – 26 Oct 2020
Gold prices have exhibited a bearish outlook on Friday closing. The trend has temporary support at USD1880 /oz which will open to lower grounds if this level gives way to the selling forces. Topside r…
Weekly Rubber Report – 19 Oct 2020
Market Fundamentals: Rubber commodity surged last week due to constrained supply from declining tapping activity. Meanwhile, the huge global demand for Natural Rubber for medical gloves in medical and…
Commodity Market Report – 19 Oct 2020
Gold prices has been resilient at USD1920 /oz while revealing some selling forces on Friday. This week, we foresee the trend will be contained from USD1880 – USD1920 /oz initially. Beware of breakdown…
Weekly Rubber Report – 19 Oct 2020
Market Fundamentals: Crude prices have bene firming slightly and help to lift the demand for Rubber prices for past weeks. Trade war has simmered down as market focus deviates to the U.S. election on …
Commodity Market Report – 12 Oct 2020
Gold prices reversed up towards weekend. This week, the market sentiment will be firm and likely to trade from USD1900 – USD1960 /oz as Dollar wanes. In overall, we expect the trend to be mixed but am…
Weekly Rubber Report – 12 Oct 2020
Market Fundamentals: Rubber prices soared last week in both TOCOM and SICOM simultaneously following advancing Crude prices. Meanwhile, the weakening Dollar has helped to lift commodity prices. Howeve…
Commodity Market Report – 5 Oct 2020
Gold prices have been well supported at USD1850 /oz and hovered around USD1900 /oz before the weekend. This week, we target strong resistance at USD1910 /oz while the market is prone to fall again. Ex…