- WTI stays positive while flirting with February 2020 top.
- Overbought RSI conditions probe bullish chart formation around nearby resistance.
- 21-day SMA, channel support close adjacent doors for seller’s entry.
- Headlines from OPEC meeting will be the key to follow.
Neal Bhai
Commodities Weekly Technical Research Report 01 — 05 February 2021
Commodities Weekly Technical Research Report 01 — 05 February 2021, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams. Subscribe Us For Energy, Bullion Commodities and Latest Market Report & Updates Commodity Market Weekly Trend, Technical & Fundamental report.
Silver Price Latest : चांदी के भाव में बंपर उछाल
Silver Price Today : बजट का असर आज सर्राफा बाजार में सोने-चांदी के भाव पर भी पड़ा। चांदी के रेट में भारी तेजी देखी गई। चांदी हाजिर 3345 रुपये प्रति किलो की छलांग के साथ 73071 रुपये पर पहुंच गई। बता दें इंडिया बुलियन एंड ज्वैलर्स एसोसिएशन द्वारा जारी इस रेट और आपके शहर के भाव में 500 से 1000 रुपये का अंतर आ सकता है।
Spot Gold Prices Struggles, Above $1875 Target $1900—$1960
- Gold prices struggled to capitalize on its intraday positive move beyond the $1875 area.
- Neutral technical indicators on the daily chart warrant caution for bullish traders.
- The formation of an ascending triangle supports prospects for additional gains.
Budget 2021: Govt Reduces Custom Duty on Gold and Silver
Budget 2021: Finance Minister Nirmala Sitharaman announced that the custom duty on gold and silver will be rationalised to bring them closer to previous levels. The move will reduce the prices of the precious metals.