Gold prices waned in demand as greenback rose last week. Technically, we predict the trend will trade lower this week while contain from USD1920 – USD1960 /oz region. Traders are advised to be patient…
Commodity
Weekly Rubber Report – 29 May 2023
Market Fundamentals: Dollar Index (USDX) rose further and closed above 104.00 level on Friday. General commodity prices waned last week as the X-date of U.S. debt ceiling has triggered fear of debt de…
Commodity Market Report – 10 April 2023
Gold prices protruded above USD2030 /oz last week but fell before weekend. This week, the market is prone to encounter some profit-taking as Dollar may gain higher. Once the USD2000 /oz support gives …
Weekly Rubber Report – 10 April 2023
Market Fundamentals: Commodity prices rose last week led by Gold and Crude demands. Unfortunately, Rubber prices traded in weak pattern as we forecast. This week, the Dollar (USDX) will be prone to re…
Commodity Market Report – 20 Mar 2023
Gold prices shot up last week due to flight of fund into safe haven. The bulls broke above USD1960 /oz on Friday and took traders by many surprises. This week, we forecast the trend will encounter pro…
Weekly Rubber Report – 20 Mar 2023
Market Fundamentals: Rubber prices weighed lower last week following the decline in Crude demand. The turmoil of financial market in U.S. banking crisis has spread to European continent and alerted th…
Commodity Market Report – 13 Mar 2023
Gold prices bounced off USD1810 /oz support last week. This week, we reckon the trend will climb higher and trade from USD1850 – USD1900 /oz region. Small correction in Dollar is expected which will p…
Weekly Rubber Report – 13 Mar 2023
Market Fundamentals: Crude prices weighed down Rubber demand last week. The U.S. nonfarm payroll added 311,000 jobs and surpassed the estimate. Last week, the collapse of Silvergate crypto-banks Silic…
Commodity Market Report – 30 Jan 2023
Gold prices have been resisted at USD1950 /oz last week. This week, we forecast the trend will trade lower within the range of USD1900 – USD1950 /oz due to correction activity. Piercing above the resi…
Weekly RUBBER Report – 30 Jan 2023
Market Fundamentals: The rubber market rallied during Lunar New Year last week due to bullish hopes for the Chinese economy. Demand for Rubber has returned to the market after China re-opens its econo…