Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart
Any trend reversal for crude oil will only be validated below the 4,350 region
Exhaustion is being witnessed in Copper as on daily scale, there has been an emergence of 'Bearish Engulfing' candlestick pattern
Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator
Natural Gas has made 'shooting star' candlestick pattern at the top end of the swing range and, consequently, retraced back
CME has raised margin for silver to push back any more speculative moves
If silver can break above the $26 level, then it is likely that the market goes looking towards the $27.50 level, and then eventually the $28 level
Low interest rate is also making gold an attractive bet. We might see inflation coming up in 2021 so that will also be another positive factor for gold
Wheat prices in Delhi market are trading at Rs 1,811 per quintal
Soybean prices at the benchmark Indore market are trading at Rs 4,565 per quintal; Chana prices are trading at Rs 5,205 per quintal in the Delhi market
Mustard seed at the benchmark Jaipur market is trading at Rs 6,160 per quintal; Benchmark cotton S6 (29mm) in Gujarat is quoting around Rs 19,100 per bale
Cotton seed oil cake is trading at Rs 1,900 per quintal at the benchmark Akola market; The barley price in Jaipur is trading at Rs 1,431 per quintal
Soybean at the benchmark Indore markets traded at Rs 4,145 per quintal; Chana price is expected to move up marginally from Rs 5,475 to Rs 5,525-5,550 per quintal in the Delhi market
Festive demand will keep buyers active, while limited availability will support prices
Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi
Weak demand from processors, and upcoming new crop arrival pressure is expected to keep the trend weak for soybean
Crude oil has breached its range of 3,130-3,230 with volumes
Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market
For the week ahead, prices are expected to remain weak and head towards Rs 3,775 and then Rs 3,750 per quintal
The price of Shankar 6, the benchmark cotton, is around Rs 15,800 per bale. Soybean, at the benchmark Indore market, is trading at Rs 3,869 per quintal