Gold prices dropped last week as Dollar strengthened again. This week, the yellow metal is prone to challenge the USD1620 /oz support again to form a double-bottom. Market movements are expected to tr…
Commodity
Weekly Rubber Report – 17 Oct 2022
Market Fundamentals: Dollar Index (USDX) is poised to rise on Friday as traders are expecting another rate hike in early November. General commodity prices are waning due to fear of market correlation…
Commodity Market Report – 19 Sep 2022
Gold prices have fallen into the support region while trying to stay buoyant. This week, we predict the overall range will trade from USD1650 – USD1700 /oz in whipsaw trend. However, falling beneath t…
Weekly Rubber Report – 19 Sep 2022
Market Fundamentals: The Rubber prices have started to recover after crude oil gained significantly higher last week. Meanwhile, Dollar Index (USDX) is staying at high side at 110.00 region while wait…
Commodity Market Report – 15 Aug 2022
Gold prices rose from USD1775 /oz last week and closed slightly above USD1800 /oz on Friday. This week, the trend is prone to encounter USD1825 /oz resistance before the bulls fizzle out. Downside sup…
Weekly Rubber Report – 15 Aug 2022
Market Fundamentals: General commodities in metals and energies recovered last week. Rubber prices traded sideways after they have stabilized from recent fall. Last week, both inflation data in U.S. a…
Commodity Market Report – 8 Aug 2022
Gold prices fell short of USD1800 /oz on Friday and closed lower at USD1774 /oz. This week, the market is prone to make the technical correction and move down to USD1740 /oz. Hence, the overall range …
Weekly Rubber Report – 8 Aug 2022
Market Fundamentals: Rubber prices performed badly last week following a slump in Crude oil. Inflation remains as a major concern as the Bank of England (BOE) raised its interest to 1.75 per cent. How…
Commodity Market Report – 25 July 2022
Gold prices recovered from below USD1700 /oz last week. Moving forward, we predict the support will emerge at USD1700 /oz this week and is prone to rise further. The bulls might aim at USD1770 /oz bef…
Weekly Rubber Report – 25 Jul 2022
Market Fundamentals: Dollar Index (USDX) retreated from a recent high above 109.00 and settled at 106.40 on Friday. This has helped the commodity prices to recover last week. Global traders are waitin…