Investors are waiting for the outcomes of Fed Reserve’s Jackson Hole Economic Symposium. However, their decision and comments will impact the volatility of market as a whole. Thus, turns out a game changer for all the commodities. Therefore, coming week would be a decider of the trend. Moving further, there
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In our Commodity Samachar/Commodity News, we clearly indicated to buy Natural Gas above 275 levels for the upside target of 05. It made a high of 302.90 and settled around 302.00. On the other hand, Crude oil spurt unexpectedly and formed a Dragonfly Doji pattern on the weekly chart. Natural
Natural Gas skyrocketed… Gained more than 25 points in less than 5 trading sessions However, in our daily commodity news / Commodity Samachar we clearly indicated to buy above 275 levels. Not only this… In our blog too updated about Natural gas that fresh entry we will do on a
After minted money in Nickel, now it’s time for Natural Gas. Natural gas is heading towards 300 levels. Traders should keep an eye on 284 levels. Let’s discuss about Natural Gas Natural gas is forming a Flag candlestick pattern on the daily chart and hurdle at 284 while support at
Opec+ members are ready to increase output from December onward. There is a dispute between UAE and Saudi related to crude oil production. Entire global economies are facing inflation hikes due to the rise in Crude oil prices. Last week, Crude oil prices crossed $76 per barrel but this news
Trendy Bullion Gold traded with positive bias in the last week. It made a high of 48290 and settled around 47910. On seeing the weekly chart, Gold has support at 47400—47250 and resistance at 48300—48900. Chances are bright that Gold could test its resistance level of 48300—48900 levels. More and
US unemployment rose slightly on Thursday to 373000 as compared to last Thursday of 371000. Dollar impacted by this day and slipped from the top. The dollar index may create panic around 93—94 levels. So traders remain cautious at upper levels. Traders should have a close eye on G20 Summit
Hope you all enjoyed our levels on a daily basis. Gold prices, Copper prices rallied nicely while Natural gas and crude oil crashed vertically. Less than expected Jolts jobs opening data created volatility in the market. Today traders should concentrate on US unemployment claim data which is at 6 PM.
The meeting of OPEC has not determined the direction to increase the production of crude and the meeting which has been going on for almost a week has created a controversy. Yesterday we saw a decline in crude oil prices as Russia agreed to increase production by 4 lakh barrels
