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Tag Archives: #commodities

Copper holds support at 110-ema, break below to see extension of weakness

Copper holds support at 110-ema, break below to see extension of weakness Copper is extending downside for 2nd successive week, has broken support at 100-DMA at 3.1536. The pair is currently consolidating break below 100-DMA, we see successive doji formation on daily candles. Downside finds strong support at 110-EMA at …

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Oil Market Sentiment Sours Amid Global Financial Turmoi

Oil Market Sentiment Sours Amid Global Financial Turmoi     Friday, March 2, 2018 Oil prices fell sharply at the close of the week, as the EIA reported a larger-than-expected build in crude oil inventories, while gasoline stocks also rose. Meanwhile, the surprise announcement that the Trump administration was planning harsh tariffs on imported …

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Silver remains well supported below $16.50 mark, consistent close above requires for upside rally

Silver remains well supported below $16.50 mark, consistent close above requires for upside rally XAG/USD is currently trading around $16.41 marks. It made intraday high at $16.45 and low at $16.39 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.48 mark. A daily close …

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New Zealand bonds end tad lower in muted trading session ahead of gdt price auction early next week

New Zealand bonds end tad lower in muted trading session ahead of gdt price auction early next week New Zealand government bonds ended Friday’s session on a tad lower note amid a muted trading day that witnessed little data of major economic significance. Also, investors are awaiting the country’s GlobalDairyTrade …

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Bitcoin near-month futures form hammer pattern, minor trend spikes above 7-dma with bullish crossovers despite anti-crypto commentaries

Bitcoin near-month futures form hammer pattern, minor trend spikes above 7-dma with bullish crossovers despite anti-crypto commentaries Bitcoin futures price on CME (BTC1!) for near month deliveries has formed hammer pattern candlestick at $8585 levels, ever since then the underlying price has been rising constantly above 7DMAs (Refer weekly plotting. …

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