Commodity: A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.
MCX Weekly Research Report, 11 To 15 October 2021 | Neal Bhai
Commodities MCX Weekly Research Report, 11 To 15 October 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.
Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices
Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious metals traders for Bank of America Corp.’s Merrill Lynch unit show one of them, Edward Bases, bragging about how easy it was to manipulate prices.
Buy Spot Gold Above $1750 Target Price $1775—$1792 | Neal Bhai
The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.
Spot Silver Report: Selling Zone at $23 —$23.20 | Gold Silver Reports
Spot silver shorts at $22.50—$22.60 Target $22.20—$22.10, perhaps as far as $21.85/$21.80. If we continue lower look for $21.65 & $21.45—$21.40.